Rhode Island: $37.5M April sports betting handle down 6.7% from last year, but revenue up 25%

Rhode Island: $37.5M April sports betting handle down 6.7% from last year, but revenue up 25%

Article brief provided by Lineups
  • Anthony Elio, Lineups
June 2, 2023 3:54 PM
  • Anthony Elio, Lineups
  • Rhode Island

The Rhode Island sports betting numbers for April 2023 show a slight decrease from the previous year as $37.5 million was wagered throughout the month compared to $40.2 million in 2022. This number also represented a 9.6% drop from March 2023, although revenue did see a major 25% increase. The March 10, 2023 launch of Massachusetts sports betting was a major factor in this decrease, as bettors would no longer need to travel to Rhode Island to place bets.

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The Rhode Island sports betting handle for April shows a decrease not just month over month, but year over year. According to iGaming Business, the month saw a total handle of $37.5 million, with the majority ($27.5 million) placed with online sportsbooks. Retail sportsbooks at Bally’s Tiverton Casino ($4.2 million) and Bally’s Twin River Casino ($5.8 million) brought in the remaining $10 million.