Lottery: Rhode Island casinos lose $900K on sports betting
By: The Associated Press
PROVIDENCE, R.I. (AP) – The state lottery says casinos in Rhode Island lost nearly $900,000 on sports betting in February, after winning bets for the Super Bowl and other professional sports were paid out.
That leaves Rhode Island with about $150,000 in revenue from sports betting since the late November launch. The state projected it would get $11.5 million from the new market this fiscal year.
The lottery released figures for bets placed at Twin River Casino in Lincoln and Tiverton Friday. Gamblers placed about $20.7 million in wagers. The casinos paid nearly $21.6 million on winning bets.
Many football fans went to the casinos in January and early February to bet on the victorious New England Patriots in the Super Bowl.
The state gets 51 percent of sports betting revenue, after subtracting expenses.
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