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Sports Betting in Rhode Island Promising Despite Decreased Income in April

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ports Betting in Rhode Island Promising Despite Decreased Income in April
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Rhode Island’s income from sports betting dropped by 24.7% in April, totaling $3.2 million in state-earned revenue. In March, the industry had recorded an upsurge in betting activity thanks to March Madness. In turn, the state earned $3.9 million in the moth, a significant increase from the $1.5 million income total recorded in February.

While the revenue recorded from sports betting has been inconsistent this year, it shows a growth curve compared to the same period last year.

Increased Betting Handle

Sports punters in Rhode Island have been spending more at betting companies this year compared to last year. In January, the players wagered $39.8 million. This was a 74.6% surge compared to the amount wagered in December last year.

On the other hand, it was a 48% growth compared to the amount wagered in January last year. Interestingly, $21.9 million of the nearly $40M gambled in Rhode Island in January came from mobile betting.

In February, the betting handle decreased to $34.1 million. But this was still a 21.8% increase compared to the $28.1 million gambled in February 2020. In March, bettors swung back to action with the hopes of profiting from March Madness.

The result was that some $38.6 million was wagered in Rhode Island during the month. Online sports betting accounted for $16.1 million of the wagered amount. Compared to 2020, the betting handle in March was a 331.1% rise.

Rhode Island sports betting, and you can learn more from here, took a sharp drop in betting handle in April. The total wagered amount amounted to $29 million, which was a 24.7% decline. All the same, this was a growth of 4,811% compared to the same month in 2020.

Soaring Revenues

Along with climbing betting handle numbers, the revenues from sports betting in Rhode Island have also been climbing. The state earned $3.7 million from the industry in January—an increase of $400,000 compared to December.

More than half of the amount–$2.1 million—came from mobile betting while $1.6 million came from in-person betting companies. Unfortunately, this income fell by 33% in the following month to stand at $1.5 million.

February was such a poor month for the sports betting industry in Rhode Island that it didn’t match the figures collected the same month last year. Luckily, the industry bounced back in March.

Total income jumped from $1.5 million in February to $4 million, a surge of 155.6%. Compared to March last year, this was a growth rate of 372.4%. As we mentioned, revenues dropped by 20.3% in April to stand at $3.2 million. But it was a whopping 11,472% rise compared to the $27,000 collected by the state in April last year.

How to Join the Party

Sports betting has a bright future in Rhode Island. It might be experiencing inconsistencies in revenue and betting handles presently. But over time, especially post-pandemic days, Rhode Island could climb to become one of the biggest betting markets in the country.

That said, joining the sports betting party in Rhode Island is easy:

  • Choose a Betting Partner

There are two ways to bet on sports in Rhode Island. You can join the state’s official mobile betting website—it has a sportsbook supplied by William Hill and IGT. Or you could register an in-person account at the Twin River Casino n Lincoln or the Twin River Tiverton Casino.

Evidently, the variety of betting companies in Rhode Island is small. What’s more, the available betting operators are either controlled by the state or tribes. While this isn’t a bad thing, it reduces competition, which works efficiently in improving the quality of services offered.

All the same, pick an option. Over 50% of Rhode Island bettors prefer to use the betting app. It’s more convenient, safe and saves you from the hassle of leaving your house every time you want to place a bet.

  • Add Money to your Account

If you plan to bet at one of the two casinos that provide sports betting, you don’t really need to create an account. Instead, the only requirement is a form of identification and money to bet. The only time you could need an account is if you want to benefit from the casinos’ reward programs.

On the official Rhode Island app, you can deposit from $10 to $10,000 through a variety of payment methods like Visa, MasterCard and PayPal. With money in your account, you can wager on thousands of betting markets in the US and around the world.

You can bet on all the major leagues: NFL, NBA, MLB, NHL and the MLS. You could also bet on international sports leagues like the English Premier League Gamers Arenas. What’s more betting on college sports is allowed except where colleges based in RI are involved.

  • Do Your Research

Betting on sports is simple. You can pick a game and back one of two teams. But this doesn’t guarantee you will win. Winning in sports betting requires extensive research. You have to look at every team’s squad, stats, form and play styles.

Some people even pay for betting tips but this isn’t always recommended. Tipsters, the people who sell betting tips, do the same type of match analyses you can do to bet and win. So, if you have to use betting tips, do your research and compare with professionals.

  • Take Profits and Manage Risks

After you place a bet and win, you have the choice of betting again or taking profit. Most people prefer to take profit. However, there’s no harm in re-investing some of the money back, especially if your aim is to compound your profits.

All the same, have a risk-management program in place. You don’t want to spend more than you can afford. And you don’t want to lose all your profits. Create a budget to guide you on the amount of money to spend on every bet, every day.

If you exceed your daily or weekly budget, quit betting. Likewise, take profits after you have a goal. This way, you’ll enjoy sports betting more than if you kept wagering your money until you lost it.

Africa

TVBET goes live in Africa at eBet through Bitville Gaming

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TVBET goes live in Africa at eBet through Bitville Gaming
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TVBET and Bitville Gaming are now working together, thanks to a recently signed partnership. This new collaboration is a significant step towards the provider’s aim to gain a strong footprint within Africa. B2B provider of live games, and B2B development company Bitville Gaming have united under one goal — to provide the gaming market with the best products and services.

The provider of B2B online streaming games, TVBET, stays strong in pursuing its goals and continues to conclude win-to-win partnerships. This time, the new deal is a collaboration with the B2B development company Bitville Gaming. As part of the deal, a range of TVBET live games is already available at Bitville Gaming’s partner — eBet Swaziland.

eBet Swaziland is an operator offering a wide range of gaming activities. The portfolio of eBet includes betting on sports, like soccer, basketball, boxing, rugby, tennis, etc., virtual sports, a wide range of slots, lotteries, and so on. From now on, eBet players may enjoy TVBET’s chosen live games. The products available at eBet include some of the most popular B2B provider’s games, namely Fruitrace, 1Bet, Lucky6, WheelBet, 5Bet, 7Bet, Keno.

Bitville Gaming is a well-established development company with a highly qualified team of experts. It specializes in creating fixed-odds B2B products for the betting, gaming, and gambling industries. The company’s services also include B2B iframe betting solutions, portal, and free-standing pos wagering solutions, online and SMS wagering solutions, mobile-money wagering solutions, bespoke platform and product development, B2C product development. Originating from South Africa, the company has established itself very well worldwide.

“We believe that the addition of TVBET to our suite of products displays our ongoing commitment to bringing up-to-date, contemporary, and innovative solutions to the African i-Gaming landscape. This is just the beginning of many exciting solutions and products to come!” — says Andrew von Hoesslin, Managing Director of Bitville Gaming.

The partnership promises to be mutually beneficial for all parties. Cooperation between companies will help them strengthen their positions in the betting market and offer their partners new solutions.

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SKS365 welcomes ELK Studios: the international operator signs a partnership for online slots on Planetwin365

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SKS365 welcomes ELK Studios: the international operator signs a partnership for online slots on Planetwin365
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SKS365, the international sports betting and gaming operator ends in glory a year of steady growth for its online casino vertical with another strategic partnership.

The company has signed an agreement with ELK Studios, a Swedish provider specialized in slot machines and online games, which entered the Italian market this year. Thanks to this deal, SKS365 will be offering to its clients the most renowned titles of the provider such as Wild Toro 1 & 2, Katmandu Gold and Nitropolis via the Planetwin365 casino. Further releases such as Book of Toro, Toro 7’s and Stars of Orion are expected soon to be added to the operator’s gaming portfolio.

The extensive portfolio of games, the attention to detail, and the solid mathematical modeling are the strong points of ELK Studios combined with the X-iter mode, which allows players to pick different bonus features for each game, from single bonuses to multiple combinations.

“The titles of ELK Studios are among the best in the world for the quality of their content and the advanced game features and this will allow us to offer an even richer and more engaging gaming experience. We are confident that this new addition will immediately impress our players “, said Troy Cox, Chief Commercial Officer of SKS365.

“We are very excited to grow ELK’s footprint in Italy with such a well known brand as Planetwin365 and look forward to a long and fruitful partnership”, added Martin Lerby, CSO at ELK Studios.

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WSOP Winter Online Circuit Returns To GGPoker

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WSOP Winter Online Circuit Returns To GGPoker
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At least $100,000,000 and 18 WSOP gold rings to be won from December 12 through January 9

GGPoker today launches the WSOP Winter Online Circuit poker tournament series, which runs December 12 through January 9.

This series is made up of 18 headline ring events, each awarding the winning player a coveted WSOP gold ring in addition to the prize money collected, and a full schedule of hundreds of side events and satellite tournaments.

The WSOP Winter Online Circuit series guarantees at least $100,000,000 in cash prizes across the full schedule, with 13 of the ring events boasting tournament guarantees of $1,000,000 or higher.

The series highlights include:

  • BIG 50 MILLION$ – $50 BUY-IN – Sunday, Dec 12 [Final Day] – $1M GTD

  • $400 COLOSSUS – $400 BUY-IN – Sunday, Dec 19 [Final Day] – $2.5M GTD

  • $400 PLOSSUS – $400 BUY-IN – Sunday, Dec 26 [Final Day] – $1M GTD

  • $100 MILLION$ Mini Main Event – $100 BUY-IN – Sunday, Jan 2 [Final Day] – $2M GTD

  • GGMasters HR Freezeout NLH – $1,050 BUY-IN – Sunday, Jan 9 – $1.5M GTD

  • $525 Main Event – $525 BUY-IN – Sunday, Jan 9 [Day 2] – $5M GTD

 

Day 1 flights to the first WSOP ring event, BIG 50 MILLION$, are already running at GGPoker, with satellites starting from $0.50.

“WSOP circuit events are great; they give every player the chance to win a big prize and gold ring, while enjoying a taste of the WSOP experience,” said Daniel Negreanu, GGPoker Global Ambassador. “This time around, there’s also the not-insignificant matter of $100,000,000 in prizes to enjoy as well; it might be getting cold outside, but the action is just heating up at GGPoker!”

Players will receive leaderboard points each time they take part in a ring event or side event, with the top 100 players on the leaderboard sharing $100,000 in prizes upon the conclusion of the series.

Two of the WSOP Winter Online Circuit headline events will be broadcast on GGPoker.TV – the $10,300 Super MILLION$ High Roller will be shown on Tuesday, December 21, while the $525 Main Event $5M GTD event will be showcased on Saturday, January 15.

New GGPoker players are eligible to claim the poker room’s Welcome Bonus, earn even more rewards with the Honeymoon for Newcomers promotion and automatically join GGPoker’s Fish Buffet loyalty program, with regular cash prizes on offer.

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