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Sports betting revenue projection was $11.5M. So far? $150K

By The News · 01 of April 2019 09:29:59
AP Photo,, No available, FILE - In this Monday, Jan. 28, 2019 file photo, patrons visit the sports betting area of Twin River Casino in Lincoln, R.I. The state lottery released figures on Friday, March 29, 2019, showing that casinos in Rhode Island lost nearly $900,000 on sports betting in February, after they paid out winning bets for the Super Bowl and other professional sports. ( AP Photo/Steven Senne, File)

PROVIDENCE, R.I. (AP) — The Rhode Island lottery says the state’s casinos 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 had projected it would get $11.5 million from the new market this fiscal year.

The lottery released figures Friday for bets placed at Twin River Casino in Lincoln and Tiverton. 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 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.