Rhode Island Lottery Net Income Up To Over $ 300 Million | Rhode Island News



PROVIDENCE, RI (AP) – The Rhode Island Lottery generated nearly $ 302 million for the state general fund for the fiscal year ended June, an increase of nearly $ 18 million from the ‘previous year, according to a statement released Monday by lawmakers.

Two years ago, lottery revenues for the state were over $ 397 million.

The video lottery represented more than $ 209 million or 66% of total gross profit, about 2.3% more than the previous year according to an auditor general report, the Joint Committee on Legislative Services said.

The lottery oversees all gambling in the state, including in casinos.

Online revenue increased 16.4% and instant ticketing revenue increased 19.5% year over year.

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Net revenues from table games totaled $ 79.5 million for the year ended June 30, and after commissions paid to facilities and cities, and related operating expenses, the state’s share of Net income from table games was $ 12.2 million.

Sports betting gross profit climbed more than 76% during the year to over $ 19 million, attributed to the resumption of sporting events and an increase in the number of people using the mobile app. sport bets.

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