Delay in Start of Sports Betting Costs Rhode Island Millions - NECN
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Delay in Start of Sports Betting Costs Rhode Island Millions

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    NEWSLETTERS

    Delay in Start of Sports Betting Costs Rhode Island Millions

    A delay in the start of sports betting in Rhode Island is costing the state millions in expected revenue.

    The budget passed in June included $23.5 million in revenue from sports betting, assuming an Oct. 1 start.

    The Providence Journal reports analysts recently cut that total by $12 million because the launch has been delayed until "around Thanksgiving."

    An additional $7.9 million in revenue from slot machines and table games is helping to offset that loss.

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    The state has said that negotiations with the vendor who'll manage sports betting services took longer than expected.

    The U.S. Supreme Court struck down a federal law this year that made most sports gambling illegal.

    Rhode Island will get 51 percent of revenue from sports betting at Twin River's casinos in Lincoln and Tiverton.

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