March 21, 2025 - 12:18
A pair of bills recently introduced in the General Assembly could open Rhode Island’s online sports betting market to more competition, challenging International Game Technology PLC's exclusive contract over online wagers. Currently, sports bettors in the state have access to only one app for placing their bets, which limits options for consumers and stifles potential growth in the market.
The proposed legislation aims to foster a more competitive environment by allowing additional companies to enter the online sports betting arena. This shift could lead to enhanced services, better odds, and a wider range of betting options for Rhode Island residents. Proponents of the bills argue that increased competition could also generate more revenue for the state, benefiting local economies and funding essential services.
As discussions continue, stakeholders from various sectors are closely monitoring the developments, hoping for a favorable outcome that would reshape the landscape of sports betting in Rhode Island. The outcome of these bills could significantly impact both bettors and the state's economy in the coming years.
