Rhode Island’s gambling sector kicked off 2025 with a bang, generating a total betting handle of over $150.9 million in January. The state’s gambling taxes for 2024 reached an impressive $434 million. With a population of just 1.1 million, these figures are remarkable. In comparison, larger states like Pennsylvania, New Jersey, and Michigan reported revenues of $529.1 million, $210.1 million, and $331.2 million respectively during the same period. The Rhode Island Lottery, the state’s sole legal online sportsbook operator, saw its video lottery and casino games bring in over $320.5 million in 2024. Video lottery terminals alone accounted for 71.9% of the state’s total gambling revenue that year. The surge in national lottery games like Powerball and Mega Millions, which had three jackpots exceeding $1 billion in 2024, contributed to these high figures. Additionally, online casino and table games added $50.9 million to the state’s coffers. Despite sports betting making up only 9.6% of the revenue, its 51% tax rate underscores its significant contribution to the state’s finances.
Mark the Overseer
@MarkTheOverseer
·
48m Was one Rhode Island win away from sweeping a 20 team parlay yesterday… who messes it up for me today?! Play it safe and wager small amounts on these huge long shot plays.
BeardedArber
@cmo54mlb
·
18h Live Action Alert: Fordham vs. Rhode Island!
I’m jumping into some live action with
@OddsJam
for the Fordham vs. Rhode Island Atlantic 10
Conference Tournament game, happening now on
March 12, 2025, Here’s the quick
breakdown:
Fordham -6.5 Point Spread: Staked
Chris Altruda
@AlTruda73
·
23h February 2025 running Top 10 #SportsBetting handles by state:
1 NORTH CAROLINA $543.4M <-NEW
2 Maryland $475.71M
3 Indiana $432.89M
4 Tennessee $413.51M
5 Iowa $216.45M
6 Oregon $68.26M
7 Maine $41.38M
8 West Virginia $39M
9 Montana $3.7M
10 TBD
Winning Bets X
@FanduelGuru777
·
20h Rhode Island (18-12 ) getting 6.5 at the half with an ALT line , is getting beat bad by a lame ass (11-20) Fordham team that has gone 1-9 in their last 10 games??
Shit makes no sense!!!
MrBanks
@Mrbankstips
·
Mar 5 Someone placed $25k on this bet to win $1M
https://stake.com/sports/home?iid=sport%3A295880841&modal=bet&c=view…
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