Start date, management team announced for R.I. sports betting

STATE, LOTTERY, local technology vendors reach agreement about sports betting management and announce tentative start date for mid-November. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN
STATE, LOTTERY and local technology vendors reached an agreement about sports betting management and announced a tentative start date for mid-November. / BLOOMBERG NEWS FILE PHOTO/ JUSTIN CHIN

PROVIDENCE – Sports betting is expected to be available at the state’s two Rhode Island-based casinos in mid-November after a three-party oversight agreement was reached this week, according to a Friday announcement by the R.I. Department of Revenue.

The agreement, which will be overseen by the R.I. Lottery, also names the DOR, Providence-based technology vendor International Game Technology PLC and its commercial partner William Hill US Holdco Inc. as co-managers of the recently-legalized activity.

IGT was chosen as the sports-betting vendor after a successful bid was submitted during the R.I. Lottery’s request for proposal earlier this year.

Negotiations between R.I. Lottery and IGT produced a five-year contract in which budget-mandated revenue allocations from sports betting fall as follows:

  • State: 51 percent
  • Vendor: 32 percent
  • Casino: 17 percent
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The contract includes options for two, five-year extensions.

In addition, independent testing of IGT’s sports betting software will be conducted by Lakewood, N.J.-based gaming IT consultant Gaming Laboratories International.

The R.I. Lottery expects casino patrons will be able to partake in sports betting in mid-November.

Emily Gowdey-Backus is a staff writer for PBN. You can follow her on Twitter @FlashGowdey or contact her via email, gowdey-backus@pbn.com.