Rhode Island Casino Revenue Rises to $54M in January

revenue of $54 million in January, reflecting a 5.8% increase from the $51 million recorded in the same period last year.

Growth in Video Lottery and Table Game Revenue

According to the Rhode Island Lottery, video lottery terminals (VLTs) were the primary driver of revenue growth, generating $42.1 million in January, an increase from the $39.3 million reported in the same month in 2024. Revenue from table games also saw a modest rise, reaching $11.8 million compared to $11.7 million in the prior year.

Bally’s Twin River Casino contributed the most to overall revenue, with its VLTs bringing in $31.5 million, while table games generated $9.7 million. Meanwhile, Bally’s Tiverton Casino reported VLT revenue of $10.6 million and table game earnings of $2 million.

Revenue from online casino operations in Rhode Island amounted to $3.1 million for January, reflecting a decline from the $3.6 million recorded in December. However, overall online betting activity increased, with total wagers rising from $97.2 million in December 2024 to $103.5 million in January. The total value of prizes also climbed from $93.5 million to $100.4 million over the same period.

Islots, a segment of online gaming, brought in $2.4 million in revenue last month, slightly down from the $2.5 million reported a year ago. Online table games (iTables) saw a steeper decline, generating $729,834 in revenue, compared to the $1.2 million earned in December.

Sports Betting Revenue Increases

Rhode Island’s sportsbooks generated more than $5 million in January, marking an increase from the $4.9 million recorded in the previous year. Total wagers for the month stood at $47.3 million, up from $44.8 million year-over-year. Payouts also rose, reaching $42.2 million compared to $39.8 million in January 2024.

Previous Records

The Rhode Island Lottery has announced a record-breaking performance for online casino gaming in October. Players wagered over $75.1 million on slots and table games, marking the second-highest total since the state’s iGaming launch through Bally’s in March. This comes just after September’s peak of $80.8 million.

October’s online casino revenue reached an unprecedented $3.2 million, suring the previous high set in September by 2.6%. Since online gambling began earlier this year, no year-over-year comparisons are available, but the October figures reflect strong growth for the burgeoning market.

Mixed Performance for Land-Based Casinos

Rhode Island’s two brick-and-mortar casinos—Bally’s Twin River and Bally’s Tiverton—showed varied outcomes in October. Revenue from video lottery terminals (VLTs) reached $41.4 million, a 3.6% increase from $39.9 million in September but a slight 2% decline from $42.2 million reported last October.

Twin River dominated VLT revenue, generating $31.5 million, or approximately 76% of the total.

Table games, however, experienced a downturn. October revenue totaled $9.9 million, representing a 12.2% drop from $11.2 million in September and a 3.2% year-over-year decline. Twin River contributed $7.8 million to this figure, while Tiverton ed for $2.1 million.

A report from the Rhode Island Office of the Auditor General sheds light on broader gambling trends within the state. For October, total iGaming revenue climbed to $124.5 million, a marginal increase from $124.3 million in fiscal 2023. However, Rhode Island’s overall gaming market has faced pressures due to growing competition in neighboring states.

Source:

‘’Rhode Island casino revenue up 5.8% year-on-year in January’’, cdcgaming.com, February 28, 2025.