Massachusetts and Connecticut sports betting is squeezing Rhode Island
Sports Game · 2024-10-08
Massachusetts and Connecticut sports betting is squeezing Rhode Island
Massachusetts ended September announcing the second highest net profit in its state lottery’s 52-year history. The Bay State’s win is apparently the Ocean State’s loss.
A new report by the Rhode Island Office of the Auditor General shows that the Rhode Island Lottery transferred $426.4 million to the General Fund in the fiscal year ending June 30, 2024 — down $8.2 million or 1.8% compared to fiscal 2023.
The Auditor General’s annual report, released three days after Massachusetts’ record announcement, cites increased competition from neighboring states as the reason for the decline.
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