Twin River Planning Initiative to Entice More Bettors to Activate Sports Betting Mobile App

Twin River Worldwide Holdings (TRWH) is planning a campaign to get more Rhode Island bettors to activate the company’s sports wagering mobile application.

Twin River is trying to lure bettors to its Rhode Island casinos so they can use a mobile sports betting app. (Image: Providence Journal)

The operator of the Ocean State’s two gaming properties unveiled the app in September, and while downloads have been robust, actual use is lagging because bettors are required to visit the Twin River or Tiverton casinos to activate the program.

Rhode Island’s constitution requires in-person activation at one of the two state-owned casinos,” reports WPRI, the Providence Fox affiliate.

Of the nine states that currently permit mobile sports wagering, three – Iowa, Nevada and Rhode Island – require gamblers to physically visit a gaming venue to launch the apps on their smartphones or mobile devices. However, it’s expected that Iowa will scrap that requirement sometime in 2021.

Mum On Details

Earlier today, Casino.org reached out to Twin River for comment on the company’s plan to get more gamblers into its two venues to activate the mobile app. But a spokeswoman for the operator said the initiative is still in its “testing phase” and that no further details are available at this time. She added that the company is hoping to have the plan up and running “within a week or two.”

As of Dec. 2, nearly 17,200 gamblers downloaded the sports betting app. But just 7,834 had ventured into the Twin River or Tiverton to activate it, and even fewer – 6,425 – actually funded accounts, according to the Rhode Island Department of Revenue.

The state’s constitution requires live visits to brick-and-mortar casinos to launch the app, according to WPRI.

As of the end of November, sports wagering in the Ocean State generated $7.9 million in revenue for the two aforementioned gaming properties, but just $1.4 million of that was derived from mobile betting.

Keeping Up With Competition

Making it easier for gamblers to wager on sports from their phones or tablets is essential for Twin River at a time of increasing regional competition. New Hampshire recently became the second New England state to authorize sports betting, allowing mobile wagering right off the bat.

With neighboring Massachusetts dragging its feet on sports betting legislation, Rhode Island could lose related revenue to the Granite State due to its in-person activation requirement.

Industry observers widely believe that the future of sports betting in the US is mobile, and recent data points confirm as much. For example, New Jersey and Pennsylvania, two of the top domestic sports betting meccas outside of Nevada, derive 80 percent or more of sports betting turnover from mobile wagering in any given month.

Mobile betting also represents a growth frontier for gaming operators and technology providers. As Casino.org reported in mid-2019, industry observers believe that at some time over the coming decade, 90 percent of all US sports bets will be placed online or via mobile devices.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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