News Summary
Rhode Island’s two casinos maintained steady gaming revenue at $59.3 million for March 2025, a slight decline from the previous year. Bally’s Twin River saw a decrease in revenue, while Bally’s Tiverton experienced a modest increase. The gaming sector navigates ongoing competitive pressures from nearby states, impacting overall performance. Legislators are exploring measures to support the casinos and attract patrons amidst a changing landscape.
PROVIDENCE, Rhode Island — Rhode Island’s two land-based casinos reported steady gaming revenue for March 2025 amid ongoing challenges year-over-year. The total gaming revenue for March remained unchanged at $59.3 million, a slight decline of 0.4% from the previous year’s revenue of $59.5 million. This data suggests that while revenue has seen minimal shifts, the overall gaming sector continues to navigate competitive pressures from neighboring states.
The two casinos, Bally’s Twin River and Bally’s Tiverton, demonstrated different performance trends within their individual segments. Video lottery terminals (VLTs), a significant revenue source, contributed $48.4 million in net revenue, reflecting a year-over-year decrease of 0.6% from $48.7 million. In contrast, table games showed minor growth, generating $10.9 million, a 0.5% increase compared to $10.8 million in March 2024.
Bally’s Twin River Casino reported total revenue of $45.1 million, which is down 1.1% from last year’s $45.6 million. Specifically, the revenue from video lottery terminals at this casino fell by 1.8%, from $37 million to $36.3 million. However, the casino experienced some growth in table games, where revenues increased by 1.9%, rising from $8.6 million to $8.7 million.
On the other hand, Bally’s Tiverton Casino saw a modest revenue rise of 1.7%, from $13.9 million to $14.1 million. Within this revenue, the VLTs performed well, achieving $12 million in net revenue, a 3% increase from last year’s $11.6 million. However, table games at Bally’s Tiverton witnessed a 4.6% decline in revenue, declining from $2.2 million to $2.1 million.
Looking at broader trends, Rhode Island’s gambling sector experienced a robust start in January 2025, with a total betting handle exceeding $150.9 million. However, the financial contributions of the Rhode Island Lottery to the General Fund revealed concerning trends. The Lottery transferred $426.4 million for the fiscal year ending June 30, 2024, which is $8.2 million or 1.8% less than fiscal 2023.
Competition from nearby states has negatively impacted the gaming revenue in Rhode Island. In fiscal year 2024, total sports betting revenue stood at $458.8 million, a drop from $509.5 million the year prior. Factors such as the performance of local sports teams and competitive legislation in neighboring areas are influencing this decline.
National lottery games, including Powerball and Mega Millions, have contributed to Rhode Island’s high revenue per capita, especially following several billion-dollar jackpots in 2024. Online casino games and table games added $50.9 million to the state’s gambling revenue throughout 2024, showcasing a shift in gambling preferences among consumers.
As the competition intensifies, state legislators are actively exploring measures to bolster casino performance and sports betting operations. The focus remains on creating an attractive environment for both operators and patrons to ensure that Rhode Island’s gambling framework remains competitive amidst a rapidly changing landscape.
Deeper Dive: News & Info About This Topic
- Gaming Intelligence: Rhode Island Gaming Revenue Nears $60 Million in March
- CDC Gaming Reports: Rhode Island Casino Revenue Down 0.4% Year Over Year in March
- Esports Insider: Rhode Island’s Monthly Betting Revenue Soars Past $150 Million
- Legal Sports Report: Sports Betting Revenue Sharing
- Providence Journal: Smoking Ban in Rhode Island Casinos Has Better Chance to Pass in 2025
- Wikipedia: Rhode Island
- Google Search: Rhode Island gaming revenue
- Google Scholar: Rhode Island casinos
- Encyclopedia Britannica: Rhode Island
- Google News: Rhode Island casinos
