The Rhode Island Senate reportedly approved legislation that would end the state's single-provider sports betting arrangement. The measure concerns the introduction of additional sports betting licences.
The legislation could end Rhode Island’s single-provider arrangement by introducing additional sports betting licences.
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Rhode Island sports and iGaming wagering reached $186.8 million in April, reportedly rising 14% year on year.
Rhode Island Attorney General Peter Neronha filed a lawsuit on 21 May seeking to block Kalshi and Polymarket from offering sports event contracts in the state. Neronha argues the contracts amount to sports wagering subject to Rhode Island gambling laws; the companies say they fall under federal CFTC oversight instead.
Rhode Island Attorney General Peter Neronha filed suit against Kalshi and Polymarket, alleging their event contracts amount to illegal sports betting. The companies’ legal dispute followed Kalshi’s federal lawsuit against Rhode Island officials over anticipated enforcement; the state seeks to stop the platforms offering sports-related contracts.
Rhode Island sports and iGaming bets totalled $169.7 million in February, up 17% from the comparison period, the report said.
Rhode Island Lottery sales fell 15% year on year to $24.5 million in September, reportedly.
Rhode Island Lottery sales fell 15% year on year to $24.5m in September.