Rhode Island sports betting handle hits $58.6m in January

Consumers in Rhode Island spent $58.6m (£44.8m/€53.8m) on sports betting in January, the second-highest monthly total since legalisation in November 2018.

The January figure was 47.2% higher than the $39.8m wagered in the same month last year and 6.7% more than $58.6m in December 2021. The total was also just short of the $60.2m record set in October of last year.

Online betting accounted for $33.5m of all wagers placed in January, while the remaining $25.1m was bet at retail sportsbook facilities at the Twin River and Tiverton Casino sites.

Twin River was again the main venue of choice for players with $18.8m wagered during the month, compared to $6.3m at the Tiverton Casino.

Revenue for the month amounted to $5.2m, up 40.5% year-on-year and also 334.2% more than $1.2m in December last year.

Mobile revenue amounted to $2.9m in January, while retail revenue reached $2.3m, split $1.6m at Twin River and $756,664 at the Tiverton Casino.

Figures from the Rhode Island Lottery also revealed that players won a total of $53.4m from sports betting during the month.

For the financial year to date, the state’s total handle in the seven months to January was $313.8m, while revenue reached $25.1m and player winnings $288.7m.

Original Article