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Reading: January Sees Record-Breaking $39.8 Million Sports Betting Handle in Rhode Island
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Home > Blog > Finance > January Sees Record-Breaking $39.8 Million Sports Betting Handle in Rhode Island
Finance

January Sees Record-Breaking $39.8 Million Sports Betting Handle in Rhode Island

Stue Temoha
Last updated: March 1, 2021 12:24 pm
Stue Temoha
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Total revenue for the month of February amounted to $3.7m, marking an increase from $3.3m in January 2020 and a 48.8% growth compared to the $2.5m recorded in December last year.

In the finance sector, mobile betting generated $2.1 million in revenue during the month, while the Twin River Casino and Tiverton Casino collectively generated $1.6 million in land-based revenue.

Source of Revenue Amount (in millions)
Mobile Betting $2.1
Land-based (Twin River Casino and Tiverton Casino) $1.6

In the finance sector, there was a surge in sports betting activity during the month, with players wagering a remarkable $39.8m. This represents a significant increase of 48.0% compared to the previous year and an impressive growth of 74.6% from December 2020.

In January, a total of $21.9 million was wagered on mobile, while $17.9 million was wagered at the Twin River Casino and Tiverton Casino sportsbooks.

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By Stue Temoha
Stue Temoha is an expert writer with a profound passion for gambling and online gaming. With a career spanning over a decade, Stue has established himself as a trusted authority in the industry, offering deep insights into casinos, sports betting, poker, and the latest trends in online gambling. His writing is distinguished by meticulous research, clear analysis, and an engaging narrative style that demystifies complex concepts for readers of all levels. Stue's articles are a go-to resource for detailed reviews, strategic advice, and up-to-date industry trends, helping both novice and experienced gamblers navigate the dynamic gaming landscape.
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