PROVIDENCE – The R.I. Lottery transferred $388.6 million into state coffers in fiscal 2022, a 22.3% increase from the previous year, according to an audit report from the R.I. Office of the Auditor General.
The R.I. Lottery had operating revenue of $1.4 billion in fiscal 2022, a 24.8% increase year over year.
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The Lottery’s gross profit from gaming operations before operating expenses totaled $401.7 million in fiscal 2022, an increase of 21.8% year over year.
Video lottery accounted for $288.8 million, or 71.9% of total gross profit. Net video lottery revenue increased by approximately 39.4% compared to the prior year. Online revenue increased by 7%. Instant ticket revenue decreased 3% over prior year amounts.
Net revenue from table games totaled $125 million for fiscal 2022. After commissions paid to the facilities and the towns, and related operating expenses, the state’s share of net revenue from table games amounted to $19.3 million.
The total lottery revenue included $517 million from sports book revenue, an increase from $352 million the year prior.
Sportsbook gross profit totaled $19.9 million, after commissions, payouts and marketing expenses. Sportsbook revenue increased 46.5% in fiscal 2022 with the resumption of sporting events and more patrons using the mobile Sportsbook application.
Video lottery revenue for fiscal 2022 was $481 million, an increase from $352 million one year prior.
Table game revenue in the state increased 36.4% year over year in fiscal 2022 to $125 million.
Lottery expenses for the year totaled $388 million, a 22.7% increase year over year. Prize awards accounted for 47% of total revenue for the year. Commissions accounted for 34.9% of revenue for the year. Transfers to the general fund accounted for 27.1% of total revenue.
