Rhode Island Casino Revenue Sees Increase in February Due to Table Games
Rhode Island Casino Revenue Sees Increase in February Due to Table Games
Rhode Island’s two casinos, Twin River Casino Hotel in Lincoln and Tiverton Casino Hotel in Tiverton, saw a significant increase in revenue in February 2021. The increase in revenue was due to the introduction of table games at the Tiverton Casino Hotel.
According to the Rhode Island Lottery, the state’s gambling regulator, the two casinos generated a total of $28.6 million in revenue in February 2021, which is a 28.5% increase compared to February 2020. The Twin River Casino Hotel generated $16.7 million in revenue, while the Tiverton Casino Hotel generated $11.9 million.
The introduction of table games at the Tiverton Casino Hotel in December 2020 has been a significant factor in the increase in revenue. The casino now offers a variety of table games, including blackjack, roulette, craps, and baccarat. The addition of these games has attracted more players to the casino, resulting in increased revenue.
The Rhode Island Lottery reported that table games generated $4.8 million in revenue at the Tiverton Casino Hotel in February 2021, which is a significant increase compared to the $1.2 million generated in January 2021. The Twin River Casino Hotel also saw an increase in table game revenue, generating $7.5 million in February 2021, compared to $5.2 million in February 2020.
The increase in revenue is good news for Rhode Island, as the state relies heavily on gambling revenue to fund its budget. In fiscal year 2020, the state’s two casinos generated $377.3 million in revenue, which accounted for 7.7% of the state’s total revenue.
The Rhode Island Lottery has been working to expand gambling options in the state to increase revenue. In addition to the introduction of table games at the Tiverton Casino Hotel, the lottery has also introduced mobile sports betting and online lottery sales.
The increase in revenue at the two casinos is also good news for the state’s economy. The casinos employ over 3,000 people and support many local businesses. The increase in revenue will help to support these jobs and businesses, as well as provide additional funding for the state’s budget.
In conclusion, the introduction of table games at the Tiverton Casino Hotel has been a significant factor in the increase in revenue at Rhode Island’s two casinos. The increase in revenue is good news for the state’s budget and economy, as well as for the thousands of people employed by the casinos and local businesses that rely on their patronage. The Rhode Island Lottery will continue to work to expand gambling options in the state to further increase revenue.