Rhode Island Launches Regulated Online Casino Platform

Rhode Island has officially entered the realm of online gambling, becoming the seventh state to allow regulated iGaming. As of Tuesday, residents aged 21 and older can access legal online casino games, including interactive slot machines and live dealer table options.

The launch of the Bally’s Casino online platform marks a significant milestone for the state, which has previously restricted internet-based gambling. The platform initially offers an array of 170 slot titles, along with live dealer blackjack and roulette games that connect players with real dealers via a chat interface.

Benefits of iGaming for the State

Rhode Island stands to benefit significantly from this expansion of gaming, with gross revenues from online slots subject to an impressive 62% state tax. Table games are taxed at 15%, providing a substantial revenue boost for the state’s finances.

• Projected tax revenue of $24 million during the first full year of iGaming operations.
• Forecasted increase to nearly $40 million by the fifth year.

Public-Private Partnership Efforts

Rhode Island’s success in implementing iGaming is the result of collaboration between state lawmakers and Bally’s Casino, which operates the state’s brick-and-mortar casinos. Lawmakers expressed their satisfaction with the initiative as a means to increase state revenues and provide alternative entertainment options for residents.

Job Creation and Economic Impact

In addition to generating revenue, the iGaming platform is poised to create jobs. Bally’s has committed to establishing a dedicated live dealer studio in Lincoln, contributing approximately 75 full- and part-time positions to the local job market.

Conclusion

The launch of regulated iGaming in Rhode Island marks a noteworthy development in the state’s gaming legislation. As players embrace online gambling, the potential for increased revenue and job creation could solidify Rhode Island’s position in a competitive gaming landscape.