Sports betting revenue through Jan. trails projections

Updated at 2:53 p.m.

FISCAL YEAR TO DATE in January, book revenue from sports betting totaled $1.2 million on $32.8 million in bets. The state receives 51 percent of book revenue after operating and allocable expenses. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN
FISCAL YEAR TO DATE in January, book revenue from sports betting totaled $1.2 million on $32.8 million in bets. The state receives 51 percent of book revenue after operating and allocable expenses. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN
PROVIDENCE – Sports book revenue from late November through January in Rhode Island has totaled $1.2 million, of which, the state would collect roughly half, according to the R.I. Lottery Thursday. Sports bets in Rhode Island in the three months totaled $32.8 million, compared with the $31.6 million payout to winning bets in the period…

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