September was a very good month for sports betting in the state of Rhode Island.
After generating $1.7 million in book revenue from July to August between the Twin River and Tiverton Casinos, September saw the state draw $1.99 million from the two casinos. Add in the new online and mobile option and September earned a book revenue of $512,740.
In a small market the start of the NFL season, NCAA Football season, MLB playoffs and NBA and NHL action. The main issue with the mobile option is that you have to register for betting legally on the online application in person. It doesn’t help much in terms of the future for the state and it certainly limits things overall.
The launch of a mobile sports betting option on Sept. 5 saw an early push from bettors as Paul Grimaldi, spokesman for the revenue department told the AP News that several hundred people signed up on the day of the launch.
The mobile accounts from gamblers must be verified in Lincoln so the casino can make sure they are over 18 years old and aren’t banned from the property due to violations in the past. After that, they are able to make bets within Rhode Island state lines.
According to the Providence Journal, only 45 percent of the 12,000 people who applied on sportsbooks online at the locations in the state. Meaning around 6,000 possible gamblers were unable to make bets at the time.
The service must be allowed in many locations in the state as possible. Right now, Rhode Island is the lone New England state that is offering sports betting.
With the NFL in full swing as well as popular college football betting options, it only makes sense that these figures should boom even more in October and November. The NBA season is underway and the NHL season started last month as well. Plus, the World Series just ended and had a lot of action.
Twin River took in a record $1.56 million in September and should top that number in October once the sports book revenue is released by the Rhode Island Lottery. Tiverton Casino generated $438,790 in a very good month and they should see a rise in October and the months that follow.
Despite the slow start in mobile betting and the in-person sign-up rule that limits many gamblers in the state, the numbers should increase and stay steady in the following months. Rhode Island is attracting bettors from nearby states as well.