Rhode Island Sportsbetting Numbers Slide in May

This story was published more than 1 year ago.

Sportsbetting revenues in Rhode Island fell 54.4% in May, this despite gamblers wagering more on the activity then they did in April.

Revenues for the state hit $899,165 with $18.9 million in sports bets placed during the month. That number is up from the $16.9 million wagered the month prior. The two casinos that have sportsbetting paid out $18.0 million to punters, which was up heavily from the $14.9 million the month prior due largely to results going the way of the players.

The most popular spot to place wagers was the Twin River Lincoln Casino, which had punters wager $14.6 million, up $900,000 from April. The casino paid out $14.1 million to players, leaving the group with $574,703 in revenues. The Twin River Tiverton had $4.3 million in wagers, with $3.9 million in bets paid out, which had $324,462 in revenues.

The decline was largely attributed to the amounts paid out to players, and it's likely those lucky streaks won't last. Bets should tick up as the summer progresses, as college and professional football season is just around the corner.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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8 July 2019 - 1:57pm
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So you could say the bookies have been a bit unlucky?! 😉

I like that, it means the players have done really well 👍