Rhode Island gaming revenue up 40% in October

Finance News

Rhode Island’s sports betting market posted $43.7 million in handle for October 2025, continuing steady upward trend in the second half of the year.

The month produced $3.06 million in sportsbook revenue, driven overwhelmingly by online activity through the state’s lottery-run partner.

With a 7.0% hold, operators delivered stable profit levels, while the state collected $1.56 million in taxes thanks to Rhode Island’s nation-leading 51% tax rate on sportsbook GGR.

Rhode Island’s single-operator model—run through the state lottery—continues to produce one of the highest online adoption rates in the country. Retail sportsbooks remain active but account for only a small fraction of total market volume.

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