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Bally’s seeking iGaming approval at Rhode Island General Assembly

Bally’s seeking iGaming approval at Rhode Island General Assembly

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Bally’s Corporation will seek legislative and executive branch approval at the current session of the Rhode Island General Assembly for the introductions of online casino gaming.

The company claims the expansion would boost State revenues and better position Rhode Island casinos in New England’s competitive gaming market.

The effective date of the Bill is January 1st, 2024, subject to the finalisation of relevant regulations. Bally’s plans were announced on February 15th, at the 2023 Rhode Island Legislative Leadership Luncheon.

The proposed legislation would allow the RI Division of Lotteries to authorise the operation of online slots and table games by Bally’s properties in Rhode Island. The State would receive a percentage of all revenue.

Elizabeth Suever, VP of Government Relations for Bally’s Corporation, said: “We intend to model this after the legislation used to establish online sports betting in Rhode Island, effectively giving the State complete regulatory control and the ability to ensure the integrity of the program, while maximising revenue for the State.”

An iGaming study commissioned by Bally’s suggests that Rhode Island could generate $93.3m of GGR in the first year and an estimated $130.6m in the fifth year, generating potential gaming taxes for the State of $210m over a five-year period.

Bally’s Senior VP, Craig Eaton, told political and business leaders, “We see this as a vital step to secure our competitive advantage and ensure critical revenue to the State.

“Despite area competition, which is growing to our north and to our southwest in Connecticut, we know we have to keep improving our products and experiences. We can’t sit still, and we need to meet our customers where they are.”