Although it took time for RI sports betting to launch, revenue reports show that Twin River Casino, the first Rhode Island sportsbook, handled $683,000 in just one week of operations. It was the first week the Lincoln casino had opened its doors, and the property saw quite a few visitors.
Twin River Casino only launched RI sports betting on Nov. 26, so that amount of bets were made in only five days. The Twin River Sportsbook is located on the third floor, in a wide non-smoking venue and is operated by William Hill.
Out of all the money handled, the casino kept roughly $73,000 as revenue, after it paid off the rest to winning players. The RI sports betting tax rate in the state is 51%, also covering casino operation costs. Once we see the numbers for the full month of December, it will be interesting to see where will Twin River Casino sit on the up-and-coming RI sports betting market.
Twin River Sportsbook in Tiverton Joins RI Sports Betting
That report will also reveal how the Twin River Casino in Tiverton Casino did on the sports betting market. Twin River Sportsbook in Tiverton It started offering sports betting on Dec. 3, which was a timely start, launching just before Monday Night Football. The 11 TV screens in the sportsbook lit up for thousands of players, who could also watch the games on any of the other 50 televisions across the casino property.
RI Online Sports Betting Could Be Coming Soon
The Twin River Sportsbooks are the only two retail sportsbooks in Rhode Island, but online sports betting may be arriving soon. RI Senator President Dominick Ruggerio put forth a new bill that would legalize mobile RI sports betting. The development would allow a Twin River app for sports betting, opening up even more revenue for the casino and state.
At this rate, each day of RI sports betting amounts to at least $151,000 per day, and that’s only accounting for Twin River Casino. We will see how much the Tiverton Sportsbook impacts those numbers, not to mention RI online sports betting. Rhode Island sports betting is regulated by the RI Lottery, in partnership with IGT and William Hill.