Rhode Island: Gambling revenues are back up, even if most of the sector is down, auditor general report says

Thursday, October 23, 2025 2:47 PM
Photo:  Christopher Shea / Rhode Island Current, used under CC BY 4.0
  • Christopher Shea, Rhode Island Current

Rhode Island’s gaming revenue has rebounded from last year’s decline, even as most aspects of the industry have taken some financial hits. And it’s all thanks to mobile gambling, according to the latest report by the Rhode Island Office of the Auditor General.

The annual report released Wednesday showed the Rhode Island Lottery transferred $433.6 million to the state’s general fund in the fiscal year ending June 30, 2025 — a $7.2 million increase over fiscal 2024 revenue of $426.4 million.

In fiscal 2023, the state reported $434 million in gaming revenues.

Like prior years, the bulk of last year’s gaming revenue came from video lottery terminals within the state’s two Bally’s-run casinos in Lincoln and Tiverton, which accounted for $313.6 million, or 70.8% of total gross profit. But even that stable source of gaming income saw a decrease of 0.6% from fiscal 2024, according to the auditor’s report.