Rhode Island sports betting jumps 231.5%

With casinos open and the in-person registration requirement lifted, Rhode Island saw its total sports betting handle climb 231.5% in July to US$6,7 million, a significant increase over June’s $2 million handle.

Rhode Island sports betting jumps 231.5%

Mobile wagering also had a solid showing in July with a handle of $4.4m, up 109.5% from June’s $2.1m, according to reports from the Rhode Island Lottery. While mobile sports betting wasn’t available in the State in July 2019, the July 2020 mobile handle accounted for 65.4% of the total sports handle for the month.

Governor Gina Raimondo signed legislation to lift compulsory in-person registration on 22 July, with those wanting to place sports bets now being able to do so from any location within the State. Rhode Island saw its gaming revenue dry up due to COVID-19, prompting legislators to approve two bills that eliminated the provision.

Despite Rhode Island’s July performance, Twin River Worldwide Holdings, which owns the state’s two casinos – Twin River Casino Hotel and Tiverton Casino Hotel – could lay off more than 1,300 furloughed employees at the end of September, according to published reports.

Topics
Land-BasedCasinoLotteryFinancialSports BettingIndustry
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Hayley Grammer
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Hayley Grammer was a journalist whose work appeared in Gambling Insider, reporting on regulatory action and major industry developments within the gambling sector. Her coverage included government enforcement measures and significant operational changes affecting events and markets.

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