In our latest sportsbook pay per head news, we’re taking a look at Rhode Island’s growing sports betting market. This month is particularly special for the state as the Rhode Island sports betting handle sets a new record this October. Not just the handle, actually, but three other betting records.
Rhode Island’s numbers for October are so good, the local industry is setting three new records: highest betting handle, highest mobile handle, and the highest revenue for the state. This is great news as it continues to be a good tool in determining the trends that will define the market in the years to come. So those who use sports betting software solutions, looking at betting markets can tell you if things are all well in the industry as a whole, and if you should be pushing for growth in your very own sportsbook.
Rhode Island Sports Betting Handle
The betting handle for October is $34.7 million, which is 10.9% higher than September’s $31.3 million. It is also 22.7% higher than October 2019’s $28.3 million. This is the highest the state has in handle for 2020. Meanwhile, the mobile betting handle for the state is $15.4 million. Comparing it to September’s handle of $14.1 million, we are seeing a 9.1% increase. And if we compare it to October 2019’s handle, it is 162.2% higher than the October 2019 mobile handle of $5.9 million.
As for sports betting revenue, The October 2020 revenue is $4.4 million. This is 86.5% higher than September’s $2.4 million. Its also 78.6% higher than October 2019’s $2.5 million. The betting market as a whole is doing remarkably well, considering the pandemic. In fact, once the numbers for October is in for all states that offer sports betting, experts are seeing a possible $3 billion in sports betting handle in the US for the month of October alone. At this point, you should be checking out this PricePerPlayer.com review, so you can easily get a good software to get your sportsbook running online.