Rhode Island Emerges with Proposal of Legalizing Sports Betting
With the entire country anticipating a favorable ruling by the Supreme Court of the United States in the Christie v NCAA federal lawsuit, the state of Rhode Island too has reportedly taken the plunge and become the latest to appoint a local regulatory body which will oversee the provision of sports betting facilities in the state.
As per a report published by the local newspaper, The Providence Journal, the Rhode Island Lottery is mulling over the initiation of a ‘proposal scheme’ through which they can appoint a company that would enable land-based sports betting at the Twin River Casino and the upcoming Twin River Tiverton Casino Hotel facilities in the state.
The report reiterated that this planned legalization of sports betting in Rhode Island will be carried out only if the Supreme Court of the United States decides to rule in the favor of Governor Christie of New Jersey and repeals the Professional and Amateur Sports Protection Act of 1992. The PASPA was introduced to issue a nationwide ban on sports betting across all the states except four including Montana, Nevada, Oregon, and Delaware.
According to the Director of the Rhode Island Department of Revenue, Mark Furcolo, if in case the supreme court decides to invalidate the PASPA, the state will need to have provisions of sports betting to be able to compete with the other states in the US.
As per the newspaper report, the aforementioned request for the sports betting legalization proposal scheme has not yet been officially confirmed by the Rhode Island legislators. However, the governor for Rhode Island, Gina Raimondo, seems to be aggressively persuading the lawmakers to okay the decision by including a separate $23.5 million in revenues from the anticipated legalization of sports betting from the Twin River Casino in her budget proposal for the next year.
According to the report, the Rhode Island Lottery is of the view that legalizing sports betting in the state is critical for maintaining the flow of $872 million in revenues they make annually from their existing lottery and gambling services. They further believe that they must ensure to have an exclusive contract for initial sports betting services to be awarded to the Twin River Casino in time for when the Supreme Court ruling arrives so that they are able to start wagering before the end of this year.