Table Games Boost Rhode Island Casino Revenue In February

Written By Derek Helling on March 30, 2023
Gambling In Rhode Island February 2023 Revenue Bally's Casinos

Players at Rhode Island casinos in February were not at all afraid to put it on blackjack. A spike in Rhode Island gambling revenue from table games helped the two facilities in the state overcome a downturn in a win from online sports betting and post some gains.

In-person sports bets at the casinos more than pulled their weight for the month as well. Their consistency makes Rhode Island unique among states where people can bet on sports either online or at the casinos.

Bally’s Rhode Island casinos hit it big on the tables

According to the latest reports from the Rhode Island Lottery, February was a respectable month for the two Bally’s casinos in the state. Combined, the casinos collected just under $58 million in gross revenue from all their gaming products during the month’s 28 days.

Accounting for the three extra days in January, that puts February’s performance ahead of January’s numbers in terms of daily averages. Largely responsible for that fact is the win the casinos gathered in terms of games like baccarat and roulette.

Even with three fewer days, February’s table game revenue total of $12 million was 20% better than January‘s total. Additionally, table games were up at Bally’s Tiverton and Bally’s Twin River by 15.9% compared to February 2022.

Slots stayed on an even keel during the month as well. The $42.3 million in gross revenue from slot play was 3.5% less than January’s sum but 14.7% better than the same month last year. Bally’s is looking to expand its casino revenue even further by encouraging the legislature to legalize online casino games in Rhode Island.

The other segment of Rhode Island casinos’ business that buoyed the numbers was in-person gambling on sports.

Physical sportsbooks see super returns

For the two retail sportsbooks inside the Bally’s casinos, Super Bowl bets were truly super. In February, Tiverton’s and Twin River’s books won more than $1.6 million from bettors. That’s just microscopically up from their February 2022 performance and more than a quarter better than their January revenue.

In many other states, physical sportsbooks did not fare as well for the month. For example, retail sportsbooks in Kansas reported a loss for the month. The big difference between those states is their proximity to the NFL champion Kansas City Chiefs, of course.

Online sports betting activity paralleled other states’ books more than their retail counterparts. They won almost half the amount of money they did in January. However, they still outperformed their February 2022 numbers in terms of both dollars gambled and win.

A drop from January to February in sports betting activity is common throughout the United States. While Super Bowl Sunday each year is the single largest betting day of the year, the entirety of the NFL playoffs leading up to that game draws more action.

Due to the table game success, Bally’s had the same winning feeling in February that Chiefs fans reveled in.

Photo by; illustrated by PlayUSA
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Derek Helling

Derek Helling is the assistant managing editor of PlayUSA. Helling focuses on breaking news, including finance, regulation, and technology in the gaming industry. Helling completed his journalism degree at the University of Iowa and resides in Chicago

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