Rhode Island Casino Revenue Drops 7% in February

The Rhode Island Lottery has reported a decline in gaming revenue from the state’s two land-based casinos, Bally’s Twin River Casino and Bally’s Tiverton Casino. In February, combined net revenue from table games and video lottery terminals (VLTs) totaled $49.2 million, reflecting a 7% year-over-year decrease from $53 million in the same month last year.

Video Lottery and Table Game Revenue Decline

Revenue from VLTs in Rhode Island, which represent a significant portion of the state’s gaming income, experienced a notable downturn. February’s net revenue from these terminals reached $39.8 million, marking a 7.3% decrease from the $42.9 million reported in February 2024. Table games also faced a drop, generating $9.4 million in net revenue compared to $10 million in the same period last year, reflecting a 6% decline.

Bally’s Twin River Casino, the state’s highest-grossing gaming facility, reported a decline across both categories. VLT revenue at the casino fell from $32.5 million in February 2024 to $29.9 million this year. Table game revenue also decreased, reaching $7.7 million, down from $8.4 million in the previous year. The decline in revenue at the casino contributed significantly to the overall reduction in statewide gaming earnings.

Bally’s Tiverton Casino, while experiencing similar downward trends in VLT earnings, saw a slight increase in table game revenue. Net revenue from VLTs at the property fell from $10.2 million in February 2024 to $9.8 million this year. In contrast, table games at the venue showed a marginal increase, with revenue rising from $1.6 million to $1.7 million year-over-year.

While traditional casino gaming revenue declined, Rhode Island’s sportsbook sector demonstrated slight growth. In February, Rhode Island sportsbooks reported a total of $2.9 million in revenue, reflecting a 3% year-over-year increase from the $2.8 million recorded in February 2024. This moderate gain in sportsbook revenue helped offset some of the losses in the casino gaming sector.

The majority of sportsbook revenue was generated through online betting platforms, which brought in $2.8 million. Retail sports betting, conducted at physical sportsbook locations, ed for a smaller portion, contributing $206,951 to the total revenue.

Rhode Island’s sportsbook industry has been a growing component of the state’s gaming market, particularly as online betting continues to attract customers. While the slight increase in sportsbook revenue did not compensate for the overall decline in casino gaming, it reflects steady consumer interest in sports wagering.

Economic and Industry Implications

The reported declines in VLT and table game revenue align with broader trends observed in some regional gaming markets, where competition and changing consumer behavior have impacted casino earnings. Rhode Island’s reliance on gaming revenue as a key source of state funding makes these fluctuations noteworthy, particularly as legislative and regulatory discussions continue around gaming expansion and market competition.

Despite the decline in traditional gaming revenue, the slight growth in sportsbook earnings suggests that online and mobile betting platforms may continue to play a larger role in the state’s gaming industry. Market observers will likely monitor future reports to assess whether these trends persist and how they may impact overall revenue collection.

Source:

‘’Rhode Island casino revenue down 7% year-over-year in February”, cdcgaming.com, March 31, 2025.