Player spending for the month of June 2021 in sports-betting reached $41.1m, showing a significant increase of 45.2% compared to May 2021’s $28.3m. It also marked a 2.2% rise from April’s $40.2m.
Out of the total spending, $25.3m was wagered online, while $15.8m was bet at retail sportsbooks located at Twin River and Tiverton Casino.
Unfortunately, the revenue generated from sports betting experienced a decline of 14.8% year-on-year from $2.7m in May 2020. It also saw an 11.5% decrease from April 2021’s $2.6m. In fact, June’s revenue was the lowest recorded since December 2020’s $1.2m.
Looking closer at the revenue breakdown, online betting contributed $1.9m to the total revenue, while the remaining $461,059 came from retail sportsbooks at Twin River and Tiverton Casino.
Between the two casinos, Tiverton Casino outperformed Twin River in terms of revenue, earning $404,515 from $5.3m in player bets. In comparison, Twin River only generated $56,544 in revenue despite having a larger handle of $10.5m.
Recent news revealed that Bally’s Corporation is selling two of its casino properties, Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel, to Gaming and Leisure Properties (GLPI) for $1bn in a sale-leaseback agreement. GLP Capital, the operating partnership of the gaming real estate investment trust, will be acquiring these properties.
