Rhode Island was among the first states to legalize and launch sports betting after the US Supreme Court struck in May 2018 a long-standing federal ban on the practice. The budget was released by the House Finance Committee last week and lawmakers are set to vote on it on Thursday, June 24. The state’s budget for next year calls for these payments to be raised to $200,000 per year. The money is paid as a compensation for having wagering allowed at the two locations. Lincoln and Tiverton each get $100,000 per year from the revenue the two gambling venues generate from sports bettors. ![]() ![]() Twin River Casino Hotel and Tiverton Casino Hotel are both owned by omni-channel casino and sports betting operator and provider of B2B gambling services Bally’s Corporation, formerly Twin River Worldwide Holdings. Rhode Island is set to double the share of sports betting money the Cities of Lincoln and Tiverton annually collect for hosting the state’s two casinos.
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