Rhode Island October Sports Betting Sees Record $34.7M Handle
Rhode Island sports betting set state records in three categories in October — total sports betting handle, mobile handle and revenue.
The sports betting handle in October was $34.7 million, up 10.9% from September ($31.3 million) and up 22.7% from October 2019 ($28.3 million). The October number was the highest of 2020, surpassing the $31.3 million recorded in September, according to figures reported by the Rhode Island Lottery on Monday.
The state’s mobile sports betting handle was $15.4 million, up 9.1% from September ($14.1 million) and up 162.2% from October 2019 ($5.9 million). October’s 2020 sports betting revenue was $4.4 million, up 86.5% from September ($2.4 million) and up 78.6% from October 2019 ($2.5 million).
The other New England state with legalized sports betting, New Hampshire, also had a record October. The state saw $47.05 million wagered in October, an increase of $5.7 million, or 13.6%, over September’s $41.4 million.
More than 85% of the total handle in New Hampshire — $40.2 million — was placed on mobile in October.
Rhode Island Sports Betting October vs. September
|Total handle||Mobile handle||Revenue|
|Change||Up 10.9%||Up 9.1%||Up 86.5%|
Rhode Island Gaming Numbers Up
The Video Lottery Terminal (VLT) net terminal income for Rhode Island in October was $27.4 million, up 3.9% from September ($26.4 million) but down 30% from October 2019 ($39.2 million), according to the figures posted by the Rhode Island Lottery on Monday.
Net table games revenue — $7.5 million — saw a significant increase of 33.9% from the month before ($5.6 million), but was down 25.5% from October 2019 ($10 million).
The state’s two commercial casinos, Twin River Casino Hotel in Lincoln and Tiverton Casino Hotel, closed for two weeks beginning Sunday because of the coronavirus pandemic. Fortunately in mid July, the state passed two bills to eliminate in-person registration and Gov. Gina Raimondo signed them. This change to the state’s law allows Rhode Island residents to bet anywhere in the state at any time.
National Sports Betting Trend
October continues to be a record month for legal, regulated sportsbooks in the U.S. market, and the total handle could top $3 billion in a month for the first time.
New Jersey set another national sports betting handle record with $803 million wagered in October. Nevada had a record month also with $659 million in October total handle. Pennsylvania, which set a state record with $525 million, comes in third for now.
The total handle for the month in the U.S. is almost $2.6 million with Colorado and Illinois yet to post their October figures, although Colorado is expected to announce them early this week. In September, those two states combined for more than $500 million in handle, with October expected to increase.
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