The sports betting enthusiasts in New England have some happy news. They can start to place legal betting on some of their favorite sports and the teams as soon as Thanksgiving Week comes to a close. The former dog and the horse racing track of the Twin River casino are getting ready to offer the sports betting arena for the avid gamblers in Lincoln, R.I.
The attractive and flashy sports betting area will be coming up here in December. The organizers are taking all efforts to make it a huge meeting spot for all the sports betting enthusiasts in the region. There are plans for setting up big screens that will show the live matches and the odds from everywhere. There is also a bar area that will offer a good collection of beers and some of the best burgers.
The Head of Operation of the Rhode Island casinos, Mike Barlow is expecting people from New Hampshire, Connecticut, and Massachusetts to visit the sports betting arena as this is the only one in that area.
Rhode Island was the first to legalize sports betting as soon as Supreme Court in the US agreed to sports betting adoption by any of the states in the country. This could be a big move for the government in this state as the tax revenues could soar like anything.
Even though Massachusetts and its neighbors are still dilly-dallying and debating on whether to give permission for the casinos to legalize sports betting, The Rhode Island policymakers have taken a step forward and gave permission to Tiverton Casino Hotel and Twin River to offer sports betting areas for the avid gamblers of the region.
The Rhode Island think tank has only taken a cautious approach to this and will not be allowing the sports betting options to be played on the computers and the mobile phones and other devices to start with. It will only be available in the brick and the mortar casinos. It is said that the policymakers of the state are thinking of allowing online sports gambling from next year.
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At present, the gamblers around the borders of Nevada and New Jersey can use their mobile devices to carry out online sports wagering. Pennsylvania and West Virginia are also looking to open doors for online sports betting.
The Mississippi and the Delaware states are offering limited sports betting options and Rhode Island is also looking to move on these lines.
The ‘prop bets’ will not be coming into effect very soon in the casinos. This is nothing but doing a wager on a certain thing to happen during the game (for example, a certain player making a touchdown).
There are plenty of enthusiastic gamblers who are already into illegal gambling on their mobiles through the unregistered bookmakers and also through various offshore sites. With such restrictions, it is not easy for the casinos to attract sports betting fans easily.
The illegal sports betting market is a huge one. Nevada was the only state that allowed orthodox sport betting before the Supreme Court ruling to legalize of sports gambling.
David Cacciatore from Waltham said that he was not in favor of visiting Rhode Island just to place bets for a game. He said that it would be more convenient to use the phone or the laptop to place bets rather than visiting the casino run by the local guy. This shows that illegal sports betting is prevalent in America.
Cacciatore is also of the opinion that he would prefer to visit Rhode Island casino over other casinos if at all he wishes to spend a night at the casino. There is no doubt that it will be a good outing for people who do not have the experience of sports betting in a live casino. Many who do not play blackjack or roulette or other card games might be interested in sports betting. It also gives them an option to socialize with other gamblers and have a beer or two.
The Rhode Island policymakers are hoping for plenty of footfalls once the casinos open. It is struggling to make ends meet with the budget recently and one of biggest revenue source in the state is ambling. It is the third largest revenue spinner.
A report by the Rockefeller Institute of Government stated that the Rhode Island state enjoyed the highest revenue in gambling per adult resident when compared to all other states in America in 2016.
Gerald S. Aubin, Rhode Island lottery’s Director feels that the Tiverton and Twin River casino facilities will bring in a lot of money to Rhode Island. He said that the adoption of table games quite early in 2013 brought in huge benefits and since it is the first to open up sports betting in the country, he expects this venture to bring in the revenue.
Aubin said that sports betting is a totally different ball game and attracts new customers and demographics. Gambling has been on the rise in the state and the introduction of sports betting will help in surely improving the revenues.
There are plenty of popular casinos nearby Rhode Island like the Foxwoods and Mohegan Sun casinos in Connecticut, the new full-fledged casino in Springfield, Massachusetts, and the huge Encore Boston Harbor casino in Everett that is going to open next year. But, none of these casinos will be offering legal sports betting like the Rhode Island state casinos.
The estimate by Rhode Island was to make as much as $23.5 million in revenue from legal sports betting by July 2019. But, there is going to be lesser amount coming in as revenue due to the delays in creating the sports betting facilities and also to provide the necessary supporting software to run the show.
It was planned by the state to open up the sports betting casinos on October 1st and this was not to happen. It has missed out on the money that it would have gained from the NBA and NFL season starts, World Series, and most of the NFL games.
Now, Rhode Island has an edge over its neighbors as being the only state to have legal sports betting casinos. But, policymakers of the neighboring states are all set to start the debate on this subject the coming year. There is a chance for Connecticut and Massachusetts to guide the nod to the sports betting and also they might think of allowing mobile betting through a sports betting app or the casino.
The lawmakers in these states could bring down the tax rates or even give chances for the gambling companies to explore the market. The Rhode Island has decided to collect 51% of the collection after paying out to the gamblers from the casinos. It is one of the highest tax rates in the country. Apart from this, William Hill is the only bookmaker allowed to provide the sports betting services to the casinos.
The Project Director of The Pew Charitable Trusts says that the regional businesses have a fixed size to operate and hence the revenues will be limited. Any business that opens up is sure to create havoc for other businesses, but it would not be the case for the sports betting.
There needs to something serious brought forth by the policymakers in Rhode Island if they want to expand the sports gambling business beyond the land-based casinos. The only thing that would boost the sports betting reach is through mobile sports gambling.
To implement this, the lawmakers of Rhode Island need to get the voters’ approval. It would be difficult to get the nod for the antigambling activists who do not want this business to flourish.
The President of Citizens Concerned about Casino Gambling, Liz Taber, feels that it is the right of the voters to decide on whether the sports betting needs to be allowed in casinos or not. The state was hurrying with the legalizing of it as they depend on it to generate more revenue.
She feels that this business is not a sustainable one as it has the tendency to ingest its consumers.
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