A new bill has been proposed in Rhode Island that would eliminate the current sports betting monopoly held by International Game Technology (IGT). The bill aims to open up the market to more competition and give other companies the opportunity to offer sports betting services in the state.
Currently, IGT has a contract to provide sports betting services in Rhode Island until 2024. However, critics argue that this monopoly is limiting competition and stifling innovation in the industry. The proposed bill would allow other companies to apply for licenses to offer sports betting, potentially bringing more options and better pricing for consumers.
Supporters of the bill believe that opening up the market to more competition would benefit both consumers and the state’s economy. They argue that increased competition would drive innovation and lead to a better overall experience for sports bettors.
IGT has been a controversial figure in Rhode Island’s sports betting industry, with some lawmakers criticizing the company for its high fees and lack of transparency. The proposed bill would allow the state to renegotiate its contract with IGT, potentially resulting in a better deal for Rhode Island.
The bill is still in the early stages of discussion, but proponents are hopeful that it will gain traction in the coming months. If successful, the bill could lead to significant changes in Rhode Island’s sports betting industry and open up new opportunities for businesses and consumers alike.
Source
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
