Sports Betting Arrives in New England was first posted the day after sports betting opened. The smallest state in the country, Rhode Island, was the eighth state in the country to approve legalized sports betting on November 23, 2018.
I expanded the article to include all phases of Rhode Island’s approved legalized sports betting, including mobile wagering.
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Like horses at the starting gate, a huge line had formed, and excitement built until at 3:00 pm EST when Speaker of the House Nicholas Mattiello, Senate President Dominic Ruggerio, and John Taylor, executive chairman of Twin River Worldwide Holdings Inc., placed the first bets, marking the opening of the Twin River Casino sports wagering.
Now, if you’re thinking Vegas sportsbooks, the likes of Caesars or Westgate, think again. It’s more like Golden Gate downtown.
Tiverton, Twin River Worldwide Holdings Inc‘s other RI casino, will go live with a sportsbook sometime next month. The Tiverton Casino sportsbook is very small.
The idea is to start ASAP and get ahead of other New England casinos. Twin River’s setup was temporary. “Phase 1″ is located on the third floor in the simulcast wagering area. Staff told me that this “Phase 1” area would be kept even after the main sportsbook is completed.
To start with, only Twin River and Tiverton will accept wagering. However, online wagering is part of the plan. The next phase will be to complete the real sports book area.
Jeff Moony, the Staff Writer at the Providence Journal, wrote, “Rhode Island will be poised to go online whenever lawmakers are ready. IGT and William Hill power Rhode Island sports wagering. IGT is behind computer technology, while William Hill is setting the lines.”
A Few Points
- The State of Rhode Island takes 51% of the sports betting revenue at the start
- 32% goes to IGT as vendor operations
- Only 17% of the revenue generated by sports betting goes to Twin River.
- Twin River takes wagers on Pro sports and college games, but Rhode Island colleges are not available for wagering.
- Only pre-game betting is available. In-game betting will only be ready when mobile online wagering is in place.
Rhode Island Sports Betting – Mobile Betting
The state debuted retail sports betting in 2018 without online/mobile gambling. After the Rhode Island, legislature and Rhode Island Lottery allowed in-person registration to be rescinded, sports betting revenue increased. Mobile registration is now possible.
In early September of 2019, mobile sports wagering platforms launched, which helped profits rise beyond 2019 for the gambling industry. The Rhode Island Lottery recently released its revenue report for the year, showing a 171% increase in revenue from 2019 to 2020. A combined (mobile and retail) $200.2 million bet on sporting events resulted in a 56% growth from 2019.
|Timeline||Rhode Island became the eighth state to legalize sports betting on 11/21/18. As a result, twin River Casino opened the first sportsbook in New England.|
|Betting Options||The Sportsbook Rhode Island mobile app and website are powered by IGT and William Hill.|
|Legal Age||The only legal requirements are that you are at least 18 years old, inside state lines, and not on a self-exclusion list.|
|Betting Restrictions||Wagering is not allowed on “any collegiate sports or athletic event that takes place in RI or a sports contest or athletic event in which any Rhode Island college team participates, regardless of where the event takes place.”|
But Wait, There’s More
|Who Oversees Sports Betting?||The Rhode Island Lottery is charged with regulation and oversight of the industry. IGT functions as a partner of the lottery and casinos, helping to operate sports betting. As such, sports betting tax revenue is split as follows:|
State: 51 percent
IGT: 32 percent
Casino: 17 percent
|Additional Wagering Options||Simulcast wagering on races occurring throughout North America is available at the state’s two casinos, and online wagering is permitted through sites such as TVG, BetAmerica, and TwinSpires. Twin River Hotel and Casino and Tiverton Hotel and Casino provide Las Vegas Class III gaming owned by Bally’s Corporation.|
|Can I Set Betting Limits?||It is possible to set betting limits for Rhode Island online sports betting and on-site sports betting at one of the two brick-and-mortar casinos. Check the online casino rules or the brick-and-mortar casino rules and regulations for the specific rules around betting limits.|
|WebSite||SportsBook Rhode Island|
On your mark, get set, ………BET!
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