Rhode Island Sports Betting Handle Sets State Record

Rhode Island Sports Betting Handle Sets State Record
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September was a record month for sports betting in Rhode Island.

The state took in $41.2 million in bets, up 71.4% from August’s $24 million and an increase of 31.7% from September 2020’s $31.3 million. Rhode Island’s previous handle high came in January 2021 when the state recorded $39.8 million in wagers.

Mobile bets accounted for $21 million of the overall handle, up 78.1% from August’s $11.8 million. The online handle was also 49.5% higher than September 2020’s mark of $14.1 million.

Rhode Island sports betting revenue was $4 million for the month, up 255.1% from August’s $1.1 million and an increase of 70.5% from September 2020’s $2.4 million.

Rhode Island Sports Betting, September vs. August

Total handle Mobile handleRevenue
Change Up 71.4% Up 78.1% Up 255.1%

Three Takeaways

Gaming Numbers

In other gaming in Rhode Island numbers, video lottery terminal income was still down for September. The state reported net terminal income of $39 million, a decline of 1.8% from August’s $39.7 million. Compared to September of last year, the total was 47.7% higher than the $26.4 million reported then.

Table games revenue in the state was $9.9 million in September, up 3.8% from August’s $9.5 million and 77.5% higher than September 2020’s $5.6 million.

Rhode Island Joins Record Ranks

Rhode Island became the eighth state to report a sports betting handle high in September. Colorado reported its record on the same day, while Nevada, New Jersey, Indiana, Michigan, Iowa and New Hampshire were the other states to tally sports betting handle records.

New Jersey set a national record with its handle of $1,011,114,311, making it the first state to reach $1 billion in handle. The previous record was also held by New Jersey, set in December 2020 when the state took in $996.3 million in wagers.

Nevada’s record was the second-highest reported so far, at $786.5 million. Colorado ($408.3 million), Michigan ($386.4) million, Indiana ($366.3 million) Iowa ($210.4 million) and New Hampshire ($68.1 million) were the other state records set in September.

Connecticut Launches Online Market

Rhode Island’s neighbor, Connecticut, launched its own online sports betting market on Oct. 19 following a seven-day soft launch. Bettors in the state can register and deposit on either FanDuel Sportsbook, DraftKings Sportsbook or SugarHouse Sportsbook.

It will be interesting to follow if Rhode Island’s betting numbers are affected by a neighboring state going live with its own market. Residents in Connecticut will no longer have to travel across state lines to Rhode Island to place their wagers.