Tag: R.I. Lottery
Legislation targets R.I.’s sports betting monopoly
New state legislation submitted in both the House and Senate is looking to upend the monopoly in Rhode Island’s sports betting market as revenue...
R.I. Lottery sees iGaming record of $97.2M in December
PROVIDENCE – Wagers and revenues from iGaming in December 2024 set a new monthly record since the state launched the online platform the previous...
R.I. sports betting growth stagnates while other states on upswing
PROVIDENCE – Rhode Island had the lowest growth in revenues from sports betting between 2022 and 2023, decreasing 17% year-over-year, according to an analysis...
HIGH-STAKES TAKEOVERS: Hedge fund, private equity firm ante up at R.I.’s...
When Sen. Frank A. Ciccone got wind in July that Bally’s Corp.’s board of directors had accepted a $4.5 billion buyout offer from the...
IGT assessed penalties for violating terms of lottery contract
PROVIDENCE – IGT Gaming was assessed financial penalties by the R.I. Lottery for noncompliance with several benchmarks required under its 20-year contract to be...
Report: R.I. Lottery transfer dropped $8.2M year over year in fiscal...
PROVIDENCE – After growing for two consecutive years, increased regional competition is eating into the state's legalized gaming take, according to the fiscal 2024...
Gaming commission approves ‘Bally Bet’ sports wagering in Mass.
PROVIDENCE – Massachusetts sports bettors and those visiting the Bay State now have a new option after state gaming regulators gave Bally’s Corp. the...
R.I. iGaming wagers exceed $60M in May
PROVIDENCE – Rhode Island's share of online gaming revenue reached $2.3 million from April 24 to May 24, a roughly 8% increase over the...
State gives Bally’s helping hand, too
While so-called “high rollers” account for a fraction of total gambling revenue, they are among the most coveted customers for casinos. This same dynamic...
R.I. iGaming revenue exceeded $3M in April
PROVIDENCE – Rhode Island online gaming revenue was $3.3 million in April, the first full month of activity since iGaming launched on March 5,...
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