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Bookie Update on Sports Betting in Rhode Island: Handle Increases by 243%

Sports betting in Rhode Island is enjoying another huge increase in betting handle. In the second month in a row, its handle has increased by more than 200% compared to its previous months. In a fast recovering sports betting and online gambling industry, many are looking into betting software solutions for bookies. After all, creating your own sportsbook is a good way to earn money, regardless of where you are located, and safely from the confines of your home.

Rhode Island’s sports betting handle for August is $23,116,965, which is 243% higher than July’s $6,738,626. In turn, the July sports betting handle is 231.5% higher than June’s $2,032,803 handle. Looking at the year-on-year data, we are also seeing a 129.8% increase from August 2019’s betting handle of $10,060,066.

Sports Betting in Rhode Island

Bookie Update in Rhode Island: Betting Handle Increases by 243%August also reflects the first full month that sportsbooks in the state are open fully. Retail shops were closed up to July 22. But online and mobile sports betting numbers also do not disappoint. The total handle for mobile betting in August us $10,436,956. This is 137% higher than July’s $4,402,795.

If we at Price Per Player remember correctly, Rhode Island’s sports betting market has a particularly difficult time managing sports bettors during the pandemic. Previously, people who want to bet on sports in Rhode Island will need to register in person before they can place their bets online. And since the coronavirus pandemic shut retail sportsbooks down, and kept people at home, residents were unable to register.

But on July 22, Governor Gina Raimondo signed a legislation that removes the in-person registration requirement. This makes it easy and accessible for residents to bet on their picks online. This is one of the reasons why August’s numbers are enjoying a boost in handle as well. With the New England Patriots playing in the NFL stating September, plus the Celtics reaching the playoffs and may get into the finals, the handle for September is expected to be even higher.

 

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