PROVIDENCE – Bettors lost $2.46 million on sports bets in Rhode Island in October. The figure was level with losses posted in September, according to the R.I. Lottery’s sports book revenue data published this week.
Sports gamblers in the state bet $28.3 million, the most bet on sports in the state since sports gambling launched in November, and collectively won $25.8 million.
The book revenue of $2.46 million was just under the record set one month prior. Sports bettors won $2.51 million in September on $22.2 million in bets.
For October, online bets accounted for $5.9 million in wagers and book revenue of $442,686. Twin River Casino saw $18.4 million in sports bets with a payout of $16.7 million. Tiverton Casino had $4.1 million in bets placed in the month and had a payout of $3.7 million.
A majority, 51%, of sports book revenue goes to the state, following the subtraction of commissions and operating expenses. The remainder is split between International Game Technology PLC, Twin River Worldwide Holdings Inc. and William Hill.
Bettors lost $6.7 million on sports wagers fiscal year to date at the end of October on $68.9 million in wagers.
Curious how this compares with the estimates used for state revenue.