Sports betting revenue declines in Rhode Island
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Rhode Island has released its legal sports betting revenue results, which indicate that the state registered for the first time a loss as higher player winnings offset an increase in sportsbook handle.
The difference between the handle and the win rate is what has made the state report a revenue loss in February. Players wagered US$20.7 million on sports in February 2019, which is US$1.6 million higher than what they had wagered in January when the state registered US$19.1 million in handle. However, consumers also enjoyed a higher win rate and registered US$21.6 million in winnings.
Twin River Lincoln accepted US$16.6 million in wagers during February operations, but with a win rate of US$17.6 million it made the facility make a loss of US$908k. On the other hand, Twin River Tiverton registered US$4.03 million in sports wagers and customers won US$4.02 million, therefore the facility posted revenue of US$17.6k.
Source: Latest News on European Gaming Media Network
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