Introduction to Rhode Island Casinos
Rhode Island casinos have seen a significant increase in revenue, with a total of $57.4 million generated in August. This is a 5.2% increase from the $54.5 million generated in August 2024. The two casinos, Bally’s Twin River and Bally’s Tiverton, both operated by Bally’s, have contributed to this growth.
Revenue Increase at Bally’s Twin River
Bally’s Twin River casino saw an increase of 5.3% from $41.4 million to $43.7 million. The video lottery terminal revenue rose by 6.9% from $32.7 million to just less than $35 million. However, table games revenue remained flat, with a loss of 0.5% from $8.7 million to $8.66 million.
Revenue Increase at Bally’s Tiverton
Bally’s Tiverton saw an increase of 4.8% in August, from $13.1 million to $13.7 million. While table games profits fell by 6.1%, from $2.1 million to $1.9 million, video lottery terminals saw profits increase year-over-year by 6.9%, rising from just less than $11 million to $11.7 million.
Overall Revenue Growth
After a stagnant July, Rhode Island casinos experienced a 7.8% increase in revenue, with August generating $57.4 million compared to $53.2 million in July. Video lottery terminals accounted for $43.7 million, rising from $41.1 million and up 6.9% year-over-year. Table games generated $10.6 million, dropping from $10.8 million, a 1.6% decline year-over-year.
Conclusion
The revenue increase in Rhode Island casinos is a positive sign for the state’s gaming industry. With both Bally’s Twin River and Bally’s Tiverton seeing year-over-year increases, it is likely that the state will continue to see growth in this sector. The increase in video lottery terminal revenue and the overall revenue growth are indicators of a healthy gaming industry in Rhode Island. As the state continues to monitor and regulate the industry, it will be interesting to see how the revenue continues to grow and develop in the future.
