Rhode Island November Sports Betting Sets 3 State Records

Rhode Island November Sports Betting Sets 3 State Records
© USA Today

Rhode Island sports betting inched upward in November’s figures, beating October’s total handle and mobile handle by just a few hundred thousand dollars. But that was enough to set state records in both categories – and the revenue also set a Rhode Island record, much more decisively, by nearly $2 million.

The November total sports betting handle in The Ocean State was $35,098,445, up 1.1% from the record set in October of $34,704,413. That November figure was also up 11.5% from November 2019 ($31,465,062).

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The mobile sports betting handle increase was similar, up a bit more than $300,000 from $15,369,112 in October to $15,699,743, a 2.2% percent increase. The year-over-year comparison was quite favorable, with November 2020 reaching 87.9% higher than November 2019 ($8,353,409). The mobile market came online in Rhode Island in September 2019 and the state is reaping the benefits now, having reset the state mobile handle record for fourth months in a row.

Rhode Island Sports Betting November vs. October

Total handle Mobile handleRevenue
ChangeUp 1.1%Up 2.2%Up 43.1%

It’s no coincidence that those records have fallen since July, when Gov. Gina Raimondo signed into law two bills that eliminated the in-person sign-up requirement.

The best news for Rhode Island in November was in sports betting revenue, where the $6,281,321 that the Rhode Island Lottery reported was up 43.1% from October ($4,388,841), which in itself had been the record. The revenue was more than double the $2,745,518 in November 2019.

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Rhode Island Gaming Declines

With the state’s two casinos – Twin River and Tiverton – operating at limited capacity because of COVID-19 protocols, the November 2020 gaming revenue declined dramatically, especially compared to one year earlier.

The VLT net terminal income in November was nearly $20.3 million, down 26.1% from October ($27.4 million) and down 50.1% from November 2019 ($40.6 million). The table games revenue suffered even more, with November’s $5.1 million down 31.2% from October’s $7.4 million. One year earlier, that figure was $10M, nearly double the November 2020 total.