Lone online sportsbook in Rhode Island reports $37M March handle

Rhode Island Sports Betting March
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Rhode Island is continuing to find favor with sports bettors across the state.

According to data provided by the Rhode Island Lottery, the Ocean State posted a $44.9 million sports betting handle in March 2024, up from $41.5 million for the same month last year. The results in March 2024 were also an increase from February’s $38.7 million handle.

Online betting spearheaded Rhode Island’s results in March with bettors in the state wagering $37 million with the state’s lone mobile sportsbook, Sportsbook Rhode Island. The William Hill product paid out $34.5 million in winnings last month with book revenue closing at $2.4 million.

The Ocean State is home to two retail sportsbooks, Twin River Casino Resort and Tiverton Casino.

The Bally’s-owned properties combined for a $7.8 million handle in March 2024 while paying out in $7.2 million winnings to players. Collectively, Twin River and Tiverton generated $604,093 in book revenue last month.

By comparison, the two casinos posted a $11.5 million handle in March 2023 with winnings closing at $10.5 million. Revenue for Twin River and Tiverton was $969,469 in March 2023.

Rhode Island emerges as new iGaming market

Last month, the Ocean State became the seventh jurisdiction in the U.S. to authorize iGaming joining Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia.

The Ocean State is offering iGaming through Bally’s Casino, which opened statewide wagering following a four-day trial period. Bally’s is providing bettors in the state with access to a slew of casino games through a strategic partnership with Stakelogic. As part of the deal, the live casino supplier is providing its software and studio technology to Bally’s with the casino giant offering live dealers for its iGaming product at a 4,000-square-foot games studio. IGT has also solidified its presence in Rhode Island as a Bally’s vendor.