A Second Rhode Island Casino Joins the US Sports Betting Gold Rush on Dec. 3

Tiverton Casino Hotel to cut the ribbon on sportsbook on Monday, December 3, just a week after its sister venue in Lincoln went live with sports betting

Twin River’s Tiverton Casino Hotel is set to go live with sports betting next week, local news outlet Turn To 10 announced today citing information from casino officials. The launch will take place Monday at 3 pm, or precisely a week after Twin River’s Lincoln-based casino accepted its first legal wager.

Rhode Island legalized sports betting in June as part of the state’s budget. Legal sports gambling was initially expected to go live on October 1, but setbacks of different nature delayed the official start of the practice in the state. As mentioned earlier, it was on November 26 that sports betting was finally launched in Rhode Island.

Speaker Nicholas Mattiello, Senate President Dominick Ruggerio, and Twin River Worldwide Holdings Chairman John Taylor Jr. placed the first bet at the sportsbook at Twin River Casino in Lincoln. Rhode Island is currently the only state in New England to be offering legal sports betting services and this is expected to attract a fresh wave of customers to its gambling venues.

According to estimates, Rhode Island is poised to collect $11.5 million in sports betting tax revenue from the two Twin River Casinos through the end of the current fiscal year on June 30, 2019. However, analysts have pointed out that the state has lost millions in revenue due to the delayed start of sports gambling. Early projections suggested that sports betting could have contributed $23.5 million to the state’s coffers, if it had commenced on October 1.

Rhode Island taxes sports betting at 51% on annual revenue.

Is Mobile Betting Arriving to the State?

Just a day after Rhode Island’s first sportsbook opened doors, Senate President Ruggerio said that he would make his best effort to make mobile betting happen in the state. The lawmaker, who has long been among the staunchest supporters of the legalization of sports betting in the Ocean State, told media that he is working on a bill that would allow people to wager from anywhere in Rhode Island via their smartphones. In-person betting at Twin River sportsbooks is currently the state’s only legal form of sports gambling.

Senate President Ruggerio plans to introduce his piece at the start of the new legislative session in January. The legislator said that mobile betting will provide bettors with greater convenience that will result in additional revenue being generated. He went on to point out that this type of activity could attract a younger clientèle at a time when casinos are struggling to draw picky millennials to their premises with traditional gambling offering.

Commenting on his colleague’s plans, House Speaker Nicholas Mattiello said earlier this week that mobile betting could certainly be “an idea worth of a thorough review” if the Senate President’s proposal includes provisions that would enhance “the gaming experience for Rhode Islanders while providing additional revenue for the state.”

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