Rhode Island expects sports betting to begin in mid-November
PROVIDENCE, R.I. (AP) — Sports betting is expected to begin in Rhode Island in mid-November.
The Rhode Island Department of Revenue said Friday it has reached a five-year agreement with Providence-based technology vendor IGT and IGT’s commercial partner, William Hill U.S., to manage sports betting services. The contract includes options to extend it.
Rhode Island moved quickly to tap the potentially lucrative market opened up by the U.S. Supreme Court earlier this year.
The state will get 51 percent of sports betting revenue. The vendor will get 32 percent and the casino will get 17 percent.
IGT was the only company to put in a proposal to run sports betting at Twin River Casino in Lincoln and a casino opening soon in Tiverton.
A gaming consultant will check the system before it goes live.