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Rhode Island Senate passes bill to allow five sports betting operators

Regulation

Rhode Island’s Senate passed SB 748 on 4 June, proposing to open the sports betting market to five operators in 2026 and prevent renewal of IGT’s contract, according to reports. The bill would require the Lottery Commission to invite applicants before the contract expires; it now goes to the House, which has until 30 June to vote. IGT opposes the change, while DraftKings supports opening the market.

If enacted, the bill would replace IGT’s single-operator contract with a process for multiple sports betting operators.

End-of-day close DraftKings (DKNG), USD, to 21 July 2025
Story date22 April 202521 July 2025

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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