Successful October for Rhode Island sportsbetting market

In the small American state of Rhode Island and lottery officials have reportedly detailed an increase of 76% year-on-year in aggregated sportsbetting revenues to $4.4 million as associated handle swelled by 22.6% to $34.7 million.

According to a short report from iGBNorthAmerica.com citing official data from the Rhode Island Lottery, last month’s revenue figure was some 83.3% higher than the $2.4 million recorded for September owing to a comparable 10.9% rise in combined handle. The source moreover detailed that receipts from mobile sports wagering in ‘The Ocean State’ rocketed by an impressive 133.6% month-on-month to reach an all-time high of $2 million thanks in large part to the earlier removal of an in-person registration requirement.

Budding market:

Rhode Island premiered land-based sportsbetting within its Twin River Casino Hotel and Tiverton Casino Hotel in November of 2018 following the revocation of the earlier Professional and Amateur Sports Protection Act (PASPA) prohibition. The state of just over one million inhabitants later passed legislation that allowed punters to utilize a mobile device in order to place wagers on a wide range of sports including contests from the National Football League (NFL) and National Basketball Association (NBA).

Prominent provider:

The information from the Rhode Island Lottery reportedly furthermore showed that retail sportsbetting handle for October reached roughly $19.4 million with the majority of this at approximately $14.1 million coming from the William Hill-powered service operated inside the 136-room Twin River Casino Hotel. However, the smaller Tiverton Casino Hotel purportedly still processed some $5.3 million in sports wagers last month as mobile services contributed a further $15.4 million.