Online casinos revenue in Rhode Island increased by 14% to nearly $3 million in August 2024
Rhode Island online casinos continue to show a sharp increase in revenue, posting a 14% increase in August, according to data from the state regulatory agency. Revenue from iGaming in Rhode Island inched toward $3 million in August, the Rhode Island Lottery reported this week.
Rhode Island online casino revenues grow in August 2024
Rhode Island Casino Revenue Increases by 14% in August
Rhode Island online casinos continue to show a sharp increase in revenue, posting a 14% increase in August, according to data from the state regulatory agency. Revenue from iGaming in Rhode Island inched toward $3 million in August, the Rhode Island Lottery reported this week.
Every month since Rhode Island online casinos launched in March, the state has seen a revenue increase, with August coming in at $2,967,889. That represents the largest month-over-month increase, at 14.21%, following an 11.28% spurt in July. Following a slow in growth in the early summer (3.52% in June), the state has seen the popularity of online casinos soar the last two months through August.
The growth of Rhode Island online casinos is fueled by customers playing slots: in August there was a 19% increase from that category, based on $2,128,252. This is the first time online slots have topped $2 million in the Ocean State.
Rhode Island Online Casino Revenue by Month
In six months of reported data through August 31, 2024, Rhode Island shows $12,238,762 in revenue from online casinos.
- March … $1,210,547
- April … $2,081,358
- May … $2,255,696
- June … $2,335,173
- July … $2,598,646
- August … $2,967,889
Table game play accounted for $839,637 for Rhode Island online casinos in August 2024, or 28.2% of all gaming activity in that month. Table games are exemplified by blackjack, baccarat, roulette, and craps.
The next monthly target for Rhode Island online casino revenue is $3 million for this tiny state, which has just a tick above one million in population. The state debuted with $1.2 million in revenue in March. If Rhode Island managed an 8-10% increase in each of the next four months, it could reach the $4 million mark.
Rhode Island is the only state to launch a new regulated, legal online casinos market in 2024. The U.S. now has seven active online casino markets, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. Those seven states, including the revenue from Rhode Island, produced $693,778,085 in August. For the six states that had markets in 2023, there was a 32.5% increase year-over-year.
