Rhode Island Sports Betting Up in August Even Before Mobile

TopUsBets.com

By Jake Perper

October 3rd, 2019 - 5:01pm

August was a slightly better month for Rhode Island well in terms of sports betting.

The autumn months should see much better numbers.

In August, Rhode Island’s two on-site facilities brought in $851,788 in sports betting revenue. This was a bump up from July when the state brought in $827,579.

There was more action on the sports scene in August with the return of preseason NFL football, more important MLB games, NCAA football, FIBA World Cup basketball and more.

Rhode Island gamblers wagered around $10.6 million in total, which was a $2.3 million increase from July. Rhode Island's strongest month for sports betting was in June.

Twin River Casino in Lincoln continues to be the leader between the state’s two legal sports betting spots. The handle there spiked to $7.74 million from $6.58 million in July, but the revenue went down to $607,836 from $622,041.

In Tiverton, the Twin River Casino saw a rise from $1.73 million to $2.31 million in handle and the book revenue rose sharply, at $243,952 in August from $205,538 in July.

For the fiscal year (which began in July), the total handle is around $18.38 million, the payout is $16.7 million and the book revenue is $1.67 million. A whopping 75 percent of the book revenue in the state of Rhode Island has come from the Twin River Casino in Lincoln.

If betting patterns in other states hold in Rhode Island, August will be just the start of better times in the state’s sports betting industry.

Mobile Sports Betting Option Launching

The new Sportsbook Rhode Island mobile app launched in early September, according to the Associated Press.

The SportsBook Rhode Island app can be downloaded on an iPhone or Android smartphone for Rhode Island resident 21 or over. Those interested must activate their account in person at either the Twin River Casino Lincoln or Twin River Casino Tiverton. That gives customers the option to bet on their favorite team, sport or player from anywhere in state lines.

Long lines made wait times long when sports betting launched in November 2018 in Rhode Island. Now with the addition of mobile sports betting on top of the kiosks and retail sports books, there are plenty of options for customers to make wagers.

“I think it’s another expansion of sports betting for people to enjoy. They’ll have the ability to do it from, from not having to come to the facility. I think it’ll be a good segment to move on,” Joe Franklin, the Regional Executive Director of Cage Operations Gaming at Twin River, told Providence NBC affiliate WJAR.

Rhode Island is a smaller market, but its revenue should spike with this mobile sports betting launch. In states such as New Jersey and Pennsylvania, at least 80% of sports betting revenue comes from mobile and online customers.

It comes at a perfect time as well with the 2019 NFL season in full swing – that is the most lucrative sports betting market in America. NHL season started Wednesday, the MLB postseason is here and the NBA season (basketball is the second most popular betting sport) starts Oct. 22.

TopUsBets.com
Written By
Jake Perper

Jake Perper covers gambling news for TopUSBets.com. He has been a sports writer for a decade, covering every level of sports.

He’s currently the lead scout for Prep Hoops Florida based out of Tampa, Florida and has covered the Chicago Bears for the... Read More

Jake Perper covers gambling news for TopUSBets.com. He has been a sports writer for a decade, covering every level of sports.

He’s currently the lead scout for Prep Hoops Florida...

.. Read More