Rhode Island Online Casinos Generate Record Monthly Revenue in May
In the second full month since iGaming was legalized in the Ocean State, the Rhode Island Lottery reports an 8.4% increase in net gaming revenue compared to April.
Rhode Island hit a new iGaming revenue milestone in May, which marks the second full month of operation since online casinos were legalized in the Ocean State.
In a report published by the Rhode Island Lottery, the state's iGaming market generated $2.25 million in net gaming revenue (NGR) in May, up 8.4% from the $2.08 million reported for April and up 86% from the $1.2 million reported for March.
May was the state’s highest-grossing month for iGaming to date, bringing the total NGR to over $5.5 million.
Rhode Island players wagered over $61.2 million at online casinos in May, with 55% ($33.7 million) spent on slots and the remaining 45% ($27.4 million) on table games. After prizes were paid out, slot revenue comprised 72% of NGR with ($1.6 million), while the remaining 28% ($627,472) was derived from table games.
Rhode Island launched its legal iGaming market on March 5, with Bally’s being the state’s sole online provider. The launch made Rhode Island the seventh US state to legalize iGaming, following Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia. All states combined generated $635 in revenues for May.
As the least populated and newest state to join the iGaming market, RI revenues were the lowest overall following Delaware, which reported $3.9 million for May. Topping the iGaming table was Michigan, with record-breaking revenues of $198.6 generated in May.
“iGaming revenues in Rhode Island have ramped nicely through April in accordance with expectations, and we believe this momentum will continue to build through the balance of 2024,” said Bally’s CEO, Robeson Reeves, in the company’s Q1 report.
Zivhas been deep in the iGaming trenches for over 20 years, long before most people could spell "geolocation compliance." With a background in marketing and business development at some of the biggest names in gambling tech, Ziv knows the industry from the inside out. Since joining Covers, he's turned his sharp eye (and sharper keyboard) toward everything happening in the fast-moving world of online gambling. Whether it's new state launches, the latest twists in regulation, or what the big operators and game providers are cooking up next, Ziv breaks it all down with clarity, context, and just the right amount of snark. He covers the business side of betting, from affiliate trends and revenue reports to the tech powering your favorite slots. His motto in writing is “let’s make it make sense without putting you to sleep.”
When he’s not tracking gambling legislation or looking for the next breaking story, Ziv is living and dying with every pitch and play from his beloved Pittsburgh Steelers, Pirates, and Penguins. As a Pitt graduate, it’s a city loyalty forged in heartbreak, but one he wouldn’t trade for anything, except maybe a few more playoff wins.
When away from the keyboard, Ziv loves to hit the road and soak up the energy of casinos. Whether strolling the neon jungle called the Vegas Strip, or wandering into a smoky riverboat casino in the Midwest, Ziv’s in his element. He’s the guy chatting with players, blackjack dealers, and asking pit bosses way too many questions, all in the name of “research,” of course. The casino floor isn’t just his workplace, it’s a weird and wonderful ecosystem of flashing lights, wild characters, and pure sensory overload, and he wouldn’t have it any other way.
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