Tag: Rhode Island
Rhode Island Mobile Sports Betting Nears
Less than a year after launching two retail sports books, Rhode Island mobile sports betting is ready to launch. Governor Gina Raimondo signed into law S 37, a bill adding mobile Rhode Island sports betting to the state’s lottery-run operation. Raimondo also spurred the start of Rhode Island’s sports book operations last year by including sports betting revenue in her budget. Rhode Island sports betting is legal at the state’s two casinos: Twin River Lincoln and Twin River Tiverton. Those casinos both opened their sports gambling operations in 2018 and plan to expand into permanent space this year. Twin River…
Legal Rhode Island Sports Betting Begins Soon
Legal Rhode Island sports betting by the end of this Thanksgiving week! Six months after the US Supreme Court ruled to allow the adoption of sports betting by any state, Rhode Island is among a vanguard of jurisdictions that have legalized it, eager for what could be a significant source of new tax revenue. With Massachusetts and other northeastern neighbors still debating the issue, Rhode Island lawmakers this summer approved sports betting at the state’s casinos, Twin River and Tiverton Casino Hotel. It’s a cautious first step. Rhode Island won’t allow remote betting from computers and phones. Next year, though,…
Rhode Island Regulates Sports Betting at Steep Price
Rhode Island Governor Gina Raimondo signed a $9.6 billion budget for fiscal 2019 on Friday that legalizes sports betting and gives the state 51 percent of the revenues from the wagers. The budget for the fiscal year starting July 1 counts on $23.5 million of new revenue from sports betting, though the activity is not expected to go live until Oct. 1. Even so, the move could give Rhode Island an early edge in New England’s sports betting market, as states across the country look to legalize the activity after last month’s U.S. Supreme Court ruling overturning a 1992 law…
Rhode Island bill would allow casino to extend $75K in credit
Providence Journal – The owners of the private Twin River casino are seeking legislative permission to give up to $75,000 in “interest-free, unsecured credit” on state-sponsored gambling. The bill was introduced last Thursday by new House Finance Chairman Raymond Gallison, D-Bristol. It has not yet been scheduled for a hearing, but came to light on the same day the House Judiciary Committee has scheduled a hearing on a second, tangential bill to protect unlucky gamblers from having a Rhode Island place a lien on their property for an unpaid gambling debt. The preamble to the bill allowing Twin River to…
Rhode Island Lottery Director Doesn’t Rule Out Online Poker
Online Poker Report – When the Department of Justice rewrote its interpretation of the 1961 Wire Act in 2011, a number of legislators rushed to their state capitols and started hammering out ways to pass online gambling bills. One state that looked into online gambling was Rhode Island, which set up an exploratory committee. Nothing ever came of that precursor to a precursor to a bill, but Rhode Island Lottery Director Gerald S. Aubin made some interesting comments about online gambling that appeared in the Providence Journal this week. Aubin’s comments are just shy of being against online gambling, but…
Rhode Island still exploring online gaming
Providence Journal – With one of the state’s primary revenue sources threatened by the imminent expansion of gambling in Massachusetts, Rhode Island officials have stood pat on whether to move into the new frontier of Internet gaming. Rhode Island has yet to test Internet gambling even as other states open betting operations in the digital realm. A move online would siphon money away from existing Lottery retailers and, depending on the proposed game, would need statewide approval. New Jersey began offering online gaming in November 2013, joining Delaware and Nevada. Meanwhile, eight other states had legislation pending at year’s end…