Rhode Island sports betting handle slips to eight-month low in April
Consumers in Rhode Island spent $40.2m (£31.8m/€37.4m) betting on sports in April, a 38.6% increase on last year, but the lowest monthly total since August 2021.
The state’s handle was comfortably ahead of the $29.0m wagered by players in April 2021, but 12.0% lower than $45.7m in March of this year.
Players spent $25.5m wagering via mobile during April, with the remaining $14.7m bet at the Twin River and Tiverton Casino retail sportsbooks.
Revenue for the month amounted to $2.6m, down 18.8% from $3.2m in April 2021 and also 29.7% lower than $3.7m in Marc this year.
Mobile revenue reached $1.3m, while Twin River posted $802,433 in retail betting revenue and Tiverton Casino $548,010.
Consumers won a total of $37.6m from betting in April, with $24.2m coming from mobile and $13.4m retail sportsbooks.
For the financial year to date, handle for the 10 months to the end of April was $295.3m, some 49.6% higher than at the same point last year, while revenue was also 18.2% up to $35.1m.