The July figures for sports betting revenue showed that Rhode Island’s gaming market recovery from the Covid-19 shutdown helped a fuel stratospheric leap of 246.8 percent from $101,328 in June to $351,425.
However, it wasn’t such a cheery number when compared to $821,579 for July of last year; it was a 57.5 percent drop. Player spending increased 236.9 percent from June, or $6.7 million, but was less than half of the $14.7 million bet in July of last year.
Rhode Island’s mobile sportsbook was the main driver for the state’s sports betting, with $407,471 revenue from a total of $4.4 million wagered. Brick and mortar sportsbook generated $56,046 in revenue from $2.3 million wagered.
The state is poised to adopt a law that would remove the in-person registration requirement that many in the industry say has hobbled the state’s market. Amendment H 8097, adopted by the legislature, awaits the signature of Governor Gina Raimondo.
