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Bally’s Rhode Island Online Casino Sees Revenue Improvement Across The Board In May

Bally’s, the sole RI online casino operator, generated nearly $2.3M in May in adjusted gross revenue, the Rhode Island Lottery reported.

Sign For Bally's Atlantic City Casino
Photo by AP Photo/Mel Evans
Katarina Vojvodic Avatar
2 mins read

Rhode Island’s online casino revenue increased 8.38% in May, the third month of operations. Bally’s, the sole online casino operator, generated nearly $2.26 million in adjusted gross revenue, the Rhode Island Lottery reported.

Key takeaways

  • May marks the third month of legal online casino gaming in Rhode Island. Bally’s rolled out its online casino in Rhode Island on March 5, as the sole online casino operator in the Ocean State.
  • Online slots accounted for over 72% of RI online casino revenue in May, at nearly $1.63 million.
  • Revenue from online slots rose monthly, while revenue from table games decreased.
  • May iGaming revenue numbers make Rhode Island the smallest online casino market in the US.

Online slots revenue rises, but table game revenue drops monthly

The Rhode Island Lottery’s May 2024 iGaming report shows that, throughout May, the sole online casino operated generated:

  • $1.63 million in online slot revenue (72.18% of the revenue generated)
  • $627,472 in online table game revenue (27.82% of the revenue made)
  • Total iGaming revenue: $2.26 million

While revenue from online slots rose 21.44% monthly, revenue from table games decreased 15.27% from April. Here’s how the online casino revenue has fluctuated since Bally’s launch:

Rhode Island online casino market needs more time to mature

Rhode Island, the newest market with the smallest population, is the seventh US iGaming state. Other legal online casino states are New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut and Delaware.

Gov. Daniel McKee passed the legislation in June 2023, but it took eight months for Bally Casino to go live. On March 5, Bally’s (NYSE: BALY) launched as the sole online casino operator in the Ocean State. The gambling giant also operates two land-based casinos in Rhode Island:

  • Bally’s Twin River Lincoln 
  • Bally’s Tiverton

Like in two previous months, May revenue numbers make Rhode Island the smallest online casino market in the US. One reason is operators’ low interest and effort, considering the state’s limited market size. 

Here’s how RI online casino revenue in May compares to other iGaming states:

StateMay online casino revenuePopulation (according to 2023 Census Bureau data)Per-capita revenue
Pennsylvania$216.49 million13 million$16.65
Michigan$198.60 million10.3 million$19.28
New Jersey$192.1 million9.3 million$20.66
Connecticut$46.3 million3.6 million$12.86
West Virginia$17.9 million1.8 million$9.94
Delaware$3.9 million1 million$3.90
Rhode Island$2.3 million1.1 million$2.09

Off the total iGaming revenue US online casinos earned in May ($673.38 million), Pennsylvania led the way with 32.15% of the market share. Rhode Island took only 0.33% of the total revenue.

Katarina Vojvodic Avatar
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Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

View all posts by Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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