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Twin Rivers casino in Tiverton to launch second Rhode Island sportsbook

The Twin River Casino at the Tiverton Casino Hotel in Rhode Island will become the second establishment in the state to launch a sportsbook.

Sports betting operations at the Tiverton venue are set to go live on Monday at 3 pm.

This news comes just a week after the state’s first sportsbook opened its doors at the Twin River Casino in Lincoln last week.

The opening of the sportsbook in Tiverton brings the total number of sportsbooks in the state to two.

Rhode Island became the eighth state to launch sportsbook operations following the repeal of the Professional and Amateur Sports Protection Act (PASPA).

Although Rhode Island was one of the first states to legalize sports wagering after the PASPA repeal it has taken a considerable amount of time to launch sports betting operations in the state.

The activity was initially legalized back in June when Governor Gina Raimondo included sports betting revenue in the budget for the year.

The sports betting bill, S 2045, was signed into law on 22 June and sports betting operations were expected to launch by 1 October 2018.

However, negotiations with the vendor that would manage the state’s sports betting services took longer than expected which resulted in a delay for the launch of sports betting.

In November a Twin River spokeswoman revealed that sports betting operations were expected to launch around Thanksgiving.

The Rhode Island state lottery will be responsible for operating sports betting alongside William Hill and International Gaming Technology (IGT).

William Hill is responsible for providing odds while IGT is responsible for the sportsbook platforms.

Rhode Island casinos will only hold onto 17% of revenue while IGT will receive 32% and Rhode Island will receive 51% of sports betting revenue in the form of taxation and licensing costs.

At the moment, Rhode Island is the only New England state to offer sports betting which could lead to residents from neighboring states like Connecticut and Massachusetts visiting the state to wager on sports.

 

 

 

 

 

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