Player spending on sports betting in Rhode Island fell to an eight-month low in April, but the state was still able to report a year-on-year increase in revenue.
Handle for the month amounted to $37.5m, down 6.7% from $40.2m in April 2022 and also 9.6% lower than the $41.5m wagered in March this year.
Of this total, $27.5m was spent betting online, while the remaining $10.0m was wagered at retail sportsbooks. This included $5.8m at Twin River casino’s sportsbook and $4.2m at the Tiverton Casino.
Revenue for the month reached $3.0m, which was 25.0% ahead of $2.4m in April last year but 25.0% lower than $4.0m in March 2023.
Some $2.2m of this total was attributed to online betting, while $768,963 was generated at land-based sportsbooks. The latter figure was split $611,122 at Twin River and $157,841 at Tiverton Casino.
Consumers won $34.5m betting on sports in April, including $25.3m online and $9.2m at retail sportsbooks.
For the year to date, player spending on betting in the 10 months to the end of April was $455.0m, while revenue for the state reached $45.2m.