Rhode Island sports betting revenues fall 54%
State’s two regulated sportsbooks recorded revenue of $899,165 in May, down from $2m the previous month
Revenue from Rhode Island’s regulated sports betting market fell 54.4% month-on-month to $899,165 in May, following a major fall in revenue at Twin River.
The Ocean State’s two regulated sportsbook operators saw combined revenue fall from $2m in April to $899,165 in May, with Twin River reporting a 63.4% month-on-month decline to 574,703.
Meanwhile, Tiverton Casino recorded an 18.7% revenue decline to $324,462, with total year-to-date revenue hovering just above $1m.
Nevada betting revenues traditionally dip in May thanks to the seasonality of the US sports calendar.
The two sportsbooks took a combined $18.9m in wagers during the 31-day period, with Twin River and Tiverton Casino taking $14.6m and $4.3m respectively.
For more information on Rhode Island’s sports betting market, visit EGR North America’s US Sports Betting Tracker.