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Rhode Island Launches Online Gambling Bill

Legislation for a Rhode Island online gambling bill is currently awaiting approval from Rhode Island Governor, Gina Raimondo. This bill will allow legal wagering both online and mobile, licensed under the Twin River casinos.

After legalizing gambling at land-based casinos as recent as June of 2018, the state of Rhode Island is already working on passing online gambling legislation.

On November 26, 2018, the state launched legal, regulated gambling at the Twin River casinos. In the first month of 2019, the state pulled in $957,900 (£729,150/€847,810) from a total of $13m. William Hill partnered with International Game Technology (IGT) in August 2018 to power the betting services at brick-and-mortar locations.

Rhode Island’s House of Representatives passed an online gambling bill which was approved by the Senate in February 2019. The bill, introduced by Senate president, Dominick Ruggerio, is now awaiting ratification from Rhode Island Governor, Gina Raimondo.

When passed, this bill will allow online and mobile sports wagering in the Twin River casinos. Located in Lincoln and Tiverton, these casinos are currently the only land-based venues designated for legal gambling in the state. In order to participate in mobile and online betting, players will need to register for an account at these land-based casinos.

Geolocation technology will determine if players are participating in online betting within the borders of the state.

51 percent of revenue through sports betting will go to the state, while 32 percent is allotted to the casino providing sports betting services. The host facility will receive 17 percent of the total revenue.

 

Information Sources

https://www.igamingbusiness.com