by Michael Molter | May 29, 2019 6:01 pm | Revenue
• Since their launch, Rhode Island sportsbooks have taken in almost $94 million in wagers. • The state has the lowest hold for 2019 (3.48%) of every legal sports betting state. • Twin River Casino has accounted for nearly 75% of the state’s yearly sports betting...
by Andy Faust | May 17, 2019 8:34 am | Revenue
Rhode Island sports betting returned to profitability in March. New projections suggest that RI’s tax revenue budget is not far off the mark. Rhode Island expects to generate $30 million from sports wagering in FY 2019-2020. PROVIDENCE, R.I. – Rhode Island Gov. Gina...
by Michael Molter | May 8, 2019 8:42 am | Sports Betting
Rhode Island sports betting revenue could eclipse $64 million in FY 2024 without neighboring expansion. Sportsbooks could see a 5% decline in growth through FY2024 should MA and CT add legal sports betting. Once the casinos open up FY2021, the Rhode Island revenue...
by Michael Molter | Apr 24, 2019 9:22 am | Revenue
The March handle for Rhode Island sports betting was $23.6 million Rhode Island sports bettors had won 94.4% of all money wagered in the state before March. Mobile wagering is expected to launch before the start of the NFL season. PROVIDENCE, R.I. – With only three...
by Andy Faust | Apr 10, 2019 11:05 am | Sports Betting
Critics suggest Rhode Island’s sports betting revenues are “off” thanks to gambling lobby lies. Democrat Gov. Gina Raimondo allegedly used compromised data to oversell sports wagering’s economic impact. The timing of Rhode Island’s sports betting rollout suggests that...
