Report: R.I. has received $53.5M in sports wagering revenue since 2018

SINCE LEGALIZING sports betting in 2018, Rhode Island has received $53.5 million of the nearly $105 million in revenue earned by sportsbooks in the state from the $1.2 billion wagered, according to Legal Sports Report, which tracks state-by-state gaming data. Pictured is the sportsbook at Bally’s Twin River Lincoln Casino Resort in Lincoln. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The house is winning when it comes to legal sports betting in Rhode Island. Since legalization in 2018, the hold rate for sportsbooks in Rhode Island, or the percentage of revenue the sportsbooks keep after bets were made, is 8.6%, according to a report by Legal Sports Report, which tracks state-by-state gaming data.…

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