Rhode Island's budding sportsbetting industry set a revenue record in April, bringing in revenues of $1.97 million during the period.
The activity is only offered at The Twin Rivers Casinos in Lincoln and Tiverton, and the books processed more than $16.9 million in wagers, with punters winning $14.9 million of those bets. The turnover numbers were the lowest since the activity went live in December 2018, but is an all-time record for revenues of $1.97 million. The previous record stood at $1.55 million, which occurred in March.
Rhode Island is the smallest state in terms of land size in the United States, but they have a healthy number of residents. Additionally, Rhode Island's proximity to other states leads to the ability for visitors to come and lay down a bet, as it's not too difficult to come in redeem their ticket.
Who cares about the turnover numbers if the revenues are record breaking 😉
It's a good news for the state but a bad one for the players who obviously have been a bit unlucky in the period...and I care more about them.