Rhode Island Casino Revenue Shift Deepens Amid Land-Based Declines
Rhode Island’s casino sector continued a gradual shift toward digital channels as November commercial gaming revenue slipped 3.1% year‑over‑year to $53.9 million.
Key Takeaways:
- November casino revenue declined 3.1%, driven by land-based game drops
- Mobile iGaming generated $20.8 million, partially offsetting traditional declines
- Industry faces competition from neighboring states and market saturation, prompting digital expansion and casino revenue shift
According to the Action Network, revenue from both land-based table games and video lottery terminals fell in November. Table game revenue dropped to $11.6 million (down 4.1%) and VLTs to $42.8 million (down 2.8%), even as VLTs remain the dominant revenue source.
Casino Revenue Tilts Further Toward Digital
At the same time, the newly launched mobile iGaming channel generated $20.8 million in gross profit in its first full year. That growth has partially offset declines in traditional channels. Rhode Island formally entered the online casino market in 2024, with Bally’s rolling out digital slots and table games as part of a broader effort to modernize the state’s gaming ecosystem and recapture spend lost to regional competitors.
Analysis points to outside competition and market saturation as headwinds for the casino revenue shift. Neighboring states’ expanded gaming and iLottery options have pressured Rhode Island’s market, and statewide 2024 commercial gaming revenue declined 3.1% to $646.7 million, per the State of States report.
Recent monthly data through 2025 shows mixed results, some months with sharper drops and others with relative stability, suggesting an incremental, digital‑led rebalancing rather than a sudden collapse. For operators and executives, the imperative is clear: accelerate digital offerings while optimizing the land‑based experience to retain spend.
