Rhode Island Becomes 8th State to Offer Legal Sports Betting

On Monday, Twin River Casino in Lincoln, R.I., will become the first casino in New England to accept legal sports wagers.

Rhode Island is now the eighth state to offer legalized sports betting in the country, joining Nevada, Delaware, New Jersey, Mississippi, West Virginia, New Mexico and Pennsylvania.

Partnering with IGT and William Hill, the sportsbook at Twin River will officially open Monday at 3 p.m. ET in a ceremony featuring Senate President Dominick Ruggerio, House Speaker Nicholas Mattiello and Chairman of Twin River Worldwide Holdings John Taylor.

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This is just Phase 1 of the casino's sportsbook operation, with Phase 2 featuring more of a traditional lounge environment, which is currently under construction and set to open later this year.

Also of interest is the revenue sharing breakdown, which has been released to the public. The state of Rhode Island will get 51% of the revenue, with IGT/William Hill getting 32% and Twin River getting 17%.

Twin River's Tiverton location is also set to begin offering sports betting in December.

Rhode Island hoped to begin offering sports betting on Oct. 1 , but the aforementioned revenue breakdown negotiations took longer than expected.

With several weeks of the football season now down the drain, the state will miss out on approximately half of the projected $23.5 million in sports-betting revenue.