In December, the sports betting handle and revenue in Rhode Island fell year-on-year, but saw an increase in revenue compared to the previous month. Player spending in December amounted to $47.9m, marking a 19.1% decline from December 2022, and a 0.6% decrease from November 2023. Of the total spent, $39.1m was wagered online, while $8.8m was bet at retail sportsbooks, with $5.6m spent at Twin River and $3.3m at Tiverton Casino.

Revenue in December reached $4.1m, reflecting a decrease of 33.9% from the same month in 2022, but a 20.6% increase from November’s total. Online betting generated $3.6m in revenue, while retail wagering accounted for $591,275. Twin River posted $267,201 in revenue, and Tiverton Casino reported $324,074, despite handling smaller amounts.

During the first half of the state’s 2024 financial year, players wagered $222.4m on sports. Online sportsbooks drew $175.8m in bets, while retail venues received $46.5m. Twin River processed $29.4m in sports wagers, and Tiverton Casino saw $17.1m in bets.

Revenue during this period totaled $18.8m, with $15.3m generated online and $3.6m from retail betting, including $2.4m from Twin River and $1.2m from Tiverton Casino.

In summary, while the sports betting handle and revenue in Rhode Island experienced a year-on-year decline in December, there was an increase in revenue compared to the previous month. Online betting continues to be the dominant source of revenue, with a larger handle compared to retail venues. Despite the challenges faced, the first half of the 2024 financial year saw significant player engagement in sports betting in Rhode Island.

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