The Rhode Island sports betting scene has experienced a notable boost, with the total handle for March reaching $44.9 million. This represents an 8.2% increase from March of the previous year when the figure stood at $41.5 million, and a substantial 15.7% rise from the $38.8 million wagered in February 2023. The digital platform was the preferred choice for bettors, accounting for $37.0 million of the total bets. Meanwhile, land-based sportsbooks contributed $7.8 million to the handle. Of the retail betting volume, Twin River casino led with $5.6 million, while Tiverton Casino was responsible for $2.2 million.
Rhode Island’s sports betting market saw a modest month-on-month revenue increase in March, registering a 6.9% growth from February’s $2.9 million to reach $3.1 million. The surge in revenue can largely be attributed to the thriving online sports betting sector, which contributed a substantial $2.5 million to the month’s totals. On the other hand, the retail betting sector experienced a slower pace, with earnings amounting to just over $600,000. Breaking down the retail performance, Twin River led with $386,363 in revenue, while Tiverton Casino followed with a contribution of $217,730 to the monthly figures.
Rhode island bettors secure $41.8 million in winnings from march sports wagering
In an exceptional demonstration of the thriving sports betting market in Rhode Island, players claimed a total of $41.8 million in winnings during March. This impressive sum is indicative of the sharp acumen and strategic wagers placed by bettors across the state.
Breaking down the winnings further, it’s interesting to note that a significant majority of these gains, totaling $34.5 million, were earned through online sportsbooks. This highlights the growing trend and convenience of digital betting platforms. On the other hand, retail sportsbooks also demonstrated robust performance with $7.2 million in payouts, underscoring the enduring appeal of in-person betting experiences amongst certain segments of bettors.
The distribution of winnings between online and retail sportsbooks in Rhode Island for March is outlined below:
| Type | Winnings |
|---|---|
| Online Sportsbooks | $34.5 million |
| Retail Sportsbooks | $7.2 million |
This distribution underscores the evolving landscape of sports betting in Rhode Island, reaffirming the significant impact and contribution of both online and retail betting platforms to the state’s gambling industry.
Rhode island sports-betting reaches remarkable heights
Rhode Island’s sports betting scene has seen a significant surge, reaching a year-to-date handle of over $350.8 million. The online platform takes the lion’s share, contributing $278.1 million to this impressive figure, while retail betting, available at two casinos, adds a respectable $72.8 million. This dynamic sector has generated substantial revenue of $29.8 million in the same period, with online bets bringing in $23.9 million and retail operations $5.9 million.
For players, the payouts have been generous as well, totaling $321.0 million, with online betting payouts amounting to $254.2 million and retail payouts reaching $66.8 million. These statistics highlight the growing dominance of online betting in Rhode Island’s gambling revenue, a trend that reflects broader shifts in the betting industry.
