Rhode Island Sportsbetting Numbers Tumble in March

Today the Rhode Island Lottery has revealed the state's March 2020 betting numbers, noting that sportsbetting numbers fell 45.6% from last year as Covid-19 impacted the vertical.

The state's revenues fell to $841,767, which was down 63.8% from February. Amounts wagered also fell 62.1% to $8.9 million. This is almost completely due to the cancellation of sporting events, which hit in the middle of March. Of particular note was the cancellation of March Madness, which is one of the largest betting events of the year.

The Twin River Lincoln Casino handled $4.5 million in wagers, which accounted for 49.8% of total stakes. Revenues for the casino were down 61.3% to $441,355 for the period.