A new bill has been proposed in Rhode Island that aims to expand the state’s sports betting market. The bill, which was introduced in the state’s General Assembly, seeks to allow sports betting at two new locations in addition to the existing sportsbooks at Twin River Casino and Tiverton Casino.
If the bill is passed, the two new locations that would be authorized to offer sports betting are the Bally’s Corporation and the IGT-operated facility. This expansion of the sports betting market aims to provide more options for consumers and increase revenue for the state, which has seen success in sports betting since it was legalized in 2018.
The bill is supported by Senate President Dominick Ruggerio and House Speaker K. Joseph Shekarchi, who believe that expanding the sports betting market will benefit both consumers and the state’s economy. They argue that allowing more locations to offer sports betting will provide a competitive market and increase tax revenue for the state.
Rhode Island’s sports betting market has been successful since its inception, generating millions of dollars in revenue for the state. The new bill aims to build on this success by expanding the market to new locations and providing more opportunities for consumers to participate in sports betting.
Overall, if the bill is passed, it could signify a significant expansion of the sports betting market in Rhode Island, providing more options for consumers and potentially increasing revenue for the state. The bill is currently in the legislative process, and supporters are hopeful that it will be successful in expanding the sports betting market in the state.
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