The Rhode Island Senate has voted in favor of a bill that would legalize online casinos in the state. The bill, known as SB948, passed with a decisive 30-4 vote in the Senate and has now advanced to the House of Representatives for further consideration. If enacted, this legislation would permit residents aged 21 and over to enjoy table games remotely via computer or mobile applications. It is noteworthy that the bill designates Bally’s with exclusive rights to operate online casinos through its Twin River and Twin River-Tiverton properties, with IGT as its vendor.
Key Provisions of SB948:
SB948, introduced by Senate President Dominick Ruggerio, carries several vital provisions. Firstly, it enables Rhode Island residents to engage in table games online, providing a convenient and accessible gaming experience. In particular, the bill mandates the presence of a live dealer for these games, with live-streaming capabilities, offering an immersive and authentic experience for players. The bill aims to usher in the era of legalized online casino gaming by January 1, 2024, with the state’s lottery being responsible for regulatory oversight.
Senate President’s Perspective:
Senate President Dominick Ruggerio emphasized the convenience this legislation brings to Rhode Island residents who wish to access existing table games offered at Twin River through their mobile devices. The bill also serves to protect the state’s facilities in the highly competitive regional gaming market, safeguarding a crucial revenue stream that funds essential state programs and investments.
The Journey Ahead:
Following the Senate’s approval, SB948 now proceeds to the Rhode Island House of Representatives. The bill’s future hinges on the deliberations and potential amendments it may undergo in the House, which will ultimately determine whether online casino gaming becomes a reality in Rhode Island.
Rhode Island Sports Betting Handle:
It is important to note that Rhode Island’s sports betting handle experienced a decline in April. The total handle reached $37.5 million, marking an eight-month low. This figure represents a 6.7 percent decrease compared to April 2022 and a 9.6 percent decline from March 2023. Online sports betting accounted for the majority of the handle at $27.5 million, with retail sportsbooks contributing $10 million. Twin River’s handle stood at $5.8 million, while Tiverton Casino generated $4.2 million in wagers.
The passage of SB948 by the Rhode Island Senate signifies a significant step towards the potential legalization of online casino gaming in the state. With the bill’s journey now leading to the House of Representatives, further deliberations and potential adjustments will shape the future of online gaming in Rhode Island, impacting the state’s revenue streams and gaming market competitiveness.