Rhode Island June Sports Betting Handle, Revenue See Increases
Sports wagering in Rhode Island had a rebound month in June, marking the end of its fiscal year 2020-21.
The June sports betting handle for the state was $29.46 million, up 4.3% from May’s $28.25 million, according to sports wagering numbers released on Thursday by the Rhode Island Lottery.
Fiscal year 2020-21 total handle was just under $353 million ($352,995,096), up 76.3% from FY 2019-20 ($200,188,405).
June's online sports betting handle also saw a smidge of an increase to $14.63 million, up 0.1% from May ($14.62 million). For the fiscal year 2020-21, the total was $184.6 million, an increase of 270.6% from FY 2019-20 ($49.8 million).
The state’s sports betting revenue for June was $3.66 million, up 32.2% from May ($2.8 million), according to the lottery's report. For this fiscal year, the total registered $36.18 million, an increase of 93.4% from FY 2019-20 ($18.7 million).
Overall, mobile makes up slightly more than half the total sports betting handle in Rhode Island, a departure from many other jurisdictions where online sports betting is more than 80% of the total handle.
Rhode Island Sports Betting, June vs. May
|Total handle||Mobile handle||Revenue|
|Change||Up 4.3%||Up 0.1%||Up 32.2%|
VLT, Table Games June Revenue
Sports wagering is just one of the Rhode Island gambling options.
Rhode Island’s video lottery terminals (VLT) saw a slight decrease from May as the state showed a VLT income of $36.7 million, a downturn of 8.9% from May’s $40.3 million.
VLTs for this fiscal year totaled $345.1 million, down 2.2% from 2019-20 ($352.8 million).
Table games in June saw an increase from May, posting revenue of $9.42 million, up 4.3% from May’s $9.03 million.
For this fiscal year, the total was $79.45 million, down 4.6% from FY 2019-20 ($83,257,074).
More Competition Coming for RI
Connecticut Gov. Ned Lamont signed legislation into law in late May that will legalize online gaming and sports wagering in the state.
The Massachusetts House overwhelmingly passed a sports betting bill by a vote of 156-3 on July 22 and has moved it to the Senate.
The Senate will likely consider the House sports betting bill and its own after a summer break. The Senate bill, sponsored by Sen. Eric Lesser (D – Hampden, Hampshire District), is combined with six other sports betting bills and was forwarded to the state Senate Ways and Means Committee on July 21.
Along with Rhode Island, New Hampshire is the other New England state with a legal, operational sports betting market. Sports betting in New Hampshire saw a decline for the third straight month as the handle in June was down 7.3% from May. The total handle for June was $39.3 million for New Hampshire sports betting, compared to the $42.4 million in May.
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