Rhode Island online casinos generate record monthly revenue in May

Monday, July 8, 2024 3:32 PM
  • Rhode Island
  • Ziv Chen, Covers

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.