Rhode Island Sports Betting Sees a Resurgence in September

In September 2023, Rhode Island witnessed a notable recovery in its sports betting industry. The total amount wagered during the month was $37.7 million, demonstrating a 9.8% decrease compared to the $41.7 million spent in September 2022. However, this figure represents a substantial 67.1% increase when compared to August of the same year, which saw $22.5 million in bets.

Of this total, $28.7 million was spent on online betting, while $9.0 million was placed at retail sportsbooks. Land-based wagers were primarily concentrated at physical facilities such as Twin River and Tiverton Casino. Twin River garnered $5.7 million in bets, while Tiverton Casino secured $3.2 million in wagers.

September's sports betting revenue amounted to $3.5 million, marking a significant 150.0% rise compared to the previous month. However, this figure was 45.3% lower than the remarkable $6.4 million revenue reported in September 2022. Online betting played a substantial role, contributing $2.8 million to the total revenue, while retail sportsbooks accounted for $663,538. Twin River and Tiverton Casino shared this revenue, with Twin River securing $441,485 and Tiverton Casino making $222,053.

During September, Rhode Island players celebrated their successes, as they walked away with $34.2 million in sports betting winnings. A significant portion, $25.9 million, was won through online bets, with the remaining $5.3 million and $3.0 million coming from retail bets at Twin River and Tiverton Casino, respectively.

When considering the year-to-date figures up to the end of August, the total handle reached $80.4 million. Online bets accounted for $61.8 million of this total, while retail wagers amounted to $18.6 million. The state's sports betting industry generated a total revenue of $6.6 million, with $5.4 million coming from online betting and $1.3 million from retail operations. Players enjoyed winnings of $73.6 million, with $56.3 million earned through online bets and $17.3 million through retail betting.