Rhode Island Casinos Hit $54M Jackpot in January

Rhode Island's casino landscape shows promising growth, with January revenues reaching $54 million, a 5.8% increase from the previous year. This uptick signals positive trends in the state's gambling sector.

Key Takeaways:

• Rhode Island casinos see 5.8% revenue increase in January
• Video lottery terminals drive growth with $42.1 million in revenue
• Online casino revenue experiences slight month-over-month decline

Rhode Island's casino industry has kicked off the year with a strong performance, as reported by the Rhode Island Lottery. The state's two land-based casinos, Bally's Twin River Casino and Bally's Tiverton Casino, collectively generated $54 million in revenue for January, marking a 5.8% increase from the $51 million reported in the same month last year.

Video lottery terminals (VLTs) emerged as the primary revenue driver, contributing $42.1 million to the total, up from $39.3 million in January 2024. Table games also saw a modest increase, generating $11.8 million compared to $11.7 million the previous year.

Bally's Twin River Casino led the charge, with VLTs producing $31.5 million and table games adding $9.7 million to its coffers. Meanwhile, Bally's Tiverton Casino contributed $10.6 million from VLTs and $2 million from table games.

The online casino segment, however, experienced a slight dip in revenue, dropping to $3.1 million from $3.6 million in December 2024. Despite this decrease, total wagers rose from $97.2 million to $103.5 million month-over-month, with prizes also increasing from $93.5 million to $100.4 million.

Breaking down the online offerings, iSlots generated $2.4 million in revenue, a slight decrease from the previous year's $2.5 million. iTables saw a more significant drop, producing $729,834 compared to $1.2 million in December.

On the sports betting front, combined sportsbooks showed growth, generating over $5 million in January, up from $4.9 million the previous year. Wagers totaled $47.3 million, an increase from $44.8 million year-over-year, with payouts reaching $42.2 million, up from $39.8 million in January 2024.

These figures reflect the evolving landscape of Rhode Island's gambling industry, showcasing growth in traditional casino offerings while highlighting the fluctuations in the online sector. As the market continues to adapt to changing player preferences and technological advancements, stakeholders will be closely monitoring these trends to optimize their offerings and maintain competitive edge in the region's gaming ecosystem.