Rhode Island’s sports betting and iGaming industry experienced a lucrative month in December with close to $150 million in wagers. According to Gaming Intelligence, Rhode Island’s sportsbooks and online gambling platforms saw a significant increase in activity towards the end of the year.
The Rhode Island Department of Revenue reported that the total sports betting handle for December reached $30.1 million, a 13.1% increase from November. This surge in sports betting activity is attributed to the holiday season and a variety of high-profile sporting events that took place during that time.
In addition to sports betting, the iGaming sector in Rhode Island also saw impressive numbers with a total handle of $119.3 million in December. This marks a significant increase from previous months and indicates a growing interest in online gambling among Rhode Island residents.
The revenue generated from these bets also had a positive impact on the state’s economy, with the Rhode Island Department of Revenue reporting $2 million in total revenue for the month of December. This revenue will go towards various state-funded programs and initiatives.
Overall, the success of Rhode Island’s sports betting and iGaming industry in December showcases the growing popularity of online gambling in the state. With more residents turning to sportsbooks and online platforms to place their bets, it is clear that the industry is on an upward trajectory.
As the industry continues to expand and evolve, Rhode Island can expect to see even more growth in the coming months. With a strong foundation in place, the state’s sports betting and iGaming market is poised for continued success in the future.
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