Rhode Island Sports Betting Saw 2nd Highest Handle In January

• January had the second highest sports betting handle in Rhode Island’s market history.
• Over half of Rhode Island’s sports bets came from online sportsbooks.

PROVIDENCE, R.I. – Rhode Island spent residents wagered over $58.6 million on sports in January, the second biggest handle in the state since launch.

Rhode Island’s January Sports Betting Handle

Rhode Island’s regulated sportsbooks reportedly saw their highest sports betting handle in in October of last year with an overall handle of $60.1 million, but January got close to matching it.

Top Three Rhode Island Sports Betting Handles:

• October 2021 handle: $60,158,844
• January 2021 handle: $58,614,487
• December 2021 handle: $54,935,498

This shows a 6.6% month-to-month increase from December 2021 to January 2022.

All three of the highest sports betting handles have been in the last few months, demonstrating a strong growth in the interest of Rhode Island’s regulated sports betting market.

Online sports betting accounted for 57.2% of all January sports wagers placed in January, with $33.5 million coming from online wagers, while the remaining $25.1 million came from retail sportsbooks.

Rhode Island’s January Sports Betting Revenue

Rhode Island legal sports betting generated $5.2 million in January revenue, which is the third largest monthly revenue pull since the market went live.

Roughly $2.9 million of that $5.2 million came from online wagering, while the remaining $2.3 million came from the two land-based sportsbooks.

This means that more than half (55.7%) of Rhode Island’s overall sports betting revenue came from online sports betting.

Rhode Island January Revenue Breakdown:

• Online Sports betting Revenue: $2,900,062
• Twin River Casino revenue: $1,571,551
• Tiverton Casino revenue: $756,664

News tags: Revenue | Rhode Island | Tiverton Casino | Twin River casino