In the latest Global Gambling news, the betting numbers are coming in, and it is good for Rhode Island. According to the state’s report, sports betting in Rhode Island hit a $38, 583,919 total betting handle. This is 13.1% higher than February’s handle of $34.1 million. And, if we compare it so March of 2020, the numbers are higher by 331.1% from $8,949,157. A 300% increase in just a year is an amazing feat, showing us how robust the local sports betting market is. As one of the first New England states to legalize sports betting, their market is growing steadily over the last year.
The popularity of sports betting has gone up faster in the past year. Many are finding out how to be an online bookie, so that they can earn money by running their own sportsbooks from home. And bookies earned a lot this March, largely due to college sports- basketball specifically.
Sports Betting in Rhode Island
Many pay per head sportsbook sites are gaining a lot of new players and higher handles. Online wagering is a very popular option nowadays, considering the restrictions on going to public places such as retail sportsbooks and casinos. Mobile betting in Rhode Island is $21.2 million this March. It is up by 19% from February’s $17.8 million. It is also a whopping 592.1% higher than March 2020’s $3.06 million.
Again, the way sports betting is ballooning in Rhode Island is remarkable. In fact, as the first New England state to legalize sports betting, its neighboring states are looking at Rhode Island’s betting market. Connecticut is currently working on a bill to legalize sports betting. New Hampshire is another neighbor that already offers sports betting. The state is also earning well from revenues they collect from taxes and licenses from sportsbooks. Meanwhile, Maine, Vermont, and Massachusetts are also exploring the concept of legalizing sports betting in their region.
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