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Simply put, Rhode Island online casinos are on fire.
In August, revenue jumped 14.2% month-over-month, according to the latest data from the Rhode Island Lottery. The state’s iGaming revenue has increased every month since online casinos launched in March.
Key takeaways
- Rhode Island online casino revenue rose more than 14% in August.
- Revenue has grown every month since launching in the spring.
- US online casinos generated more than $690 million in revenue in August
RI online gaming win is ready to pass $3 million in a month
Since launching in March, Rhode Island’s online casino revenue has risen every month. In RI’s March 2024 iGaming revenue debuted at $1.2 million.
Since then revenue nearly doubled in April, then rose by 8.3% in May, 3.5% in June, 11.3% in July and 14.2% this past month.
| Month | Total revenue | Growth |
|---|---|---|
| March | $1,210,547 | N/A |
| April | $2,081,358 | 71.94% |
| May | $2,255,696 | 8.38% |
| June | $2,335,173 | 3.52% |
| July | $2,598,646 | 11.28% |
| August | $2,967,889 | 14.21% |
Online slots drove August’s double-digit growth, posting a 19% increase over July. Additionally, slots revenue passed $2 million for the first time since launching.
On the table games side, RI online casino revenue passed $800,000 in July and kept that growth going in August with an $839,637 performance.
While Rhode Island’s growth has been impressive, the test will come in the next 10 months. July marked the beginning of the RI lottery’s fiscal year. We’ll get a clearer picture of what market maturity looks like in Rhode Island.
We’ll likely see revenue climb past $3 million in the next two or three months. From there, the next benchmark would likely be $3.5 million in March, which tends to be the biggest month for US online casino revenue.
At the rate the national online casino revenue is rising, hitting $4 million by the end of the next calendar year is a possibile for Rhode Island iGaming.
US online casino revenue continues to climb
Rhode Island’s booming start to iGaming reflects the US online casino growth rate as a whole.
In August, the seven states with legal iGaming posted 32.5% annual growth. The six states that have had iGaming for at least a year saw at least 27% revenue increases with Delaware leading the way at more than 419%.
| State | Revenue | % change, year-on-year |
|---|---|---|
| Pennsylvania | $224,996,705 | +30.9% |
| New Jersey | $198,377,828 | +27.8% |
| Michigan | $196,660,172 | +29.2% |
| Connecticut | $44,579,411 | +42.9% |
| West Virginia | $20,445,285 | +76.5% |
| Delaware | $5,750,795 | +419.4% |
| Rhode Island | $2,967,889 | N/A |
| Total | $693,778,085 | +32.5% |
