November 1, 2019

Rhode Island Records Higher Sports Betting Revenue For The Month of September

Rhode Island Records Higher Sports Betting Revenue For The Month of September

Contents List

The sports betting market in Rhode Island recorded a strong performance for the month of September. The sports betting revenue for September went up three times month-on-month to $2.5 million.

According to the figures, the state’s sports gambling market revenue went up almost three times as retail sports gambling revenue and mobile sports betting revenue went up.

A total of $18.9 million was recorded for the retail-betting sector at the Twin Casino in Lincoln and Twin River Tiverton site. This figure represents a 177.7% increase from the total retail expenditure of $10.6 million in August.

The Twin River Lincoln casino earned a total of $1.6 million in land-based revenue, up from $607, 836 in August.

Rhode Island’s mobile sports betting was launched on September 4. For the whole month, the mobile sports betting revenue registered at $512,740 and total bets were recorded at $3.3 million.

Controversies

Rhode Island’s casino gambling industry has been involved in several controversies following the Governor’s decision to prolong or extend the International Game Technology (IGT) license.

Earlier this week, Gina Raimondo, Rhode Island Governor, denied the claims made by Twin River executives that they were pressured with regulatory expulsion if the casino gambling operator stood with a proposal against the 20-year lottery contract extension for International Game Technology.

According to Raimondo, the allegations simply had “no merit.”

Raimondo has been under a lot of flak recently for single-handedly extending IGT’s contract for another 20 years.

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