Sports betting revenue in Rhode Island fell to $1.2m in December 2021, despite the second-highest month of player spending in the state’s 2022 financial year.
Revenue was 82.1% behind the record $6.7m set in November 2021, while it was also the lowest monthly total since $1.1m was posted in August of the same year, according to figures published by the Rhode Island Lottery.
The December amount was also 52.0% down from $2.5m in the same month of the 2021 financial year, despite that month having been impacted by casino closures due to novel coronavirus (Covid-19) measures in the state.
However, player spending remained high, with the $54.9m wagered by consumers during December being 4.2% higher than November and also 140.8% up from $22.8m in December of the previous year.
Breaking down the state’s performance, mobile was by far the primary source of revenue in the month, with online betting accounting for $1.2m of total revenue. Consumers spent a total of $31.0m wagering online during December, winning $29.7m in the process.
Turning to retail and the Rhode Island Lottery reported a loss of $50,438 for this segment of the market, despite players wagering $24.0m at land-based sportsbooks in the month.
Bally’s Tiverton Casino was the more successful of Rhode Island’s two retail sportsbooks, generating $275,581 in revenue from $6.1m in total bets.
Twin River, however, posted a loss of $326.019, despite taking $17.9m in bets, significantly more than its sister casino.
For the financial year-to-date, sports betting revenue in Rhode Island reached $19.9m, with players having wagered a total of $255.2m, winning $235.3m in the process.