Rhode Island Sports Betting Revenue Down in April

Rhode Island Sports Betting Revenue Down in April

Sports betting in Rhode Island has seen a decrease in revenue for the month of April. According to the Rhode Island Lottery, sports betting revenue for the month of April was down $1.3 million compared to the same month last year. This is the second consecutive month that sports betting revenue has decreased in the state.

The decrease in sports betting revenue can be attributed to the lack of major sports leagues due to the coronavirus pandemic. With no professional sports leagues in action, there has been a decrease in the amount of bets being placed on sporting events. This has led to a decrease in revenue for sportsbooks in Rhode Island.

The decrease in sports betting revenue is not just limited to Rhode Island. Other states that have legalized sports betting have also seen a decrease in revenue due to the lack of major sports leagues. This has caused a decrease in overall sports betting revenue across the United States.

Despite the decrease in revenue, Rhode Island still remains one of the most successful states when it comes to sports betting. The state has seen an increase in revenue since it first legalized sports betting back in 2018. The state has also seen an increase in the number of people placing bets on sporting events.

It is unclear when major sports leagues will return to action, but it is likely that sports betting revenue will remain low until then. It is also possible that states may see an increase in revenue once major sports leagues return due to an increase in bets being placed on sporting events.

Overall, Rhode Island has seen a decrease in sports betting revenue for the month of April due to the lack of major sports leagues. It is unclear when major sports leagues will return, but it is likely that states will see an increase in revenue once they do. Until then, states like Rhode Island will continue to see a decrease in sports betting revenue.