{"id":4441,"date":"2018-06-26T00:00:00","date_gmt":"2018-06-26T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/legal-sports-betting-rhode-island-the-third-stat-to-legalize-it-by-a-big-price-of-51\/"},"modified":"2018-06-26T00:00:00","modified_gmt":"2018-06-26T00:00:00","slug":"legal-sports-betting-rhode-island-the-third-stat-to-legalize-it-by-a-big-price-of-51","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/legal-sports-betting-rhode-island-the-third-stat-to-legalize-it-by-a-big-price-of-51\/","title":{"rendered":"Legal Sports betting: Rhode Island the third stat to legalize it by a big price of 51%"},"content":{"rendered":"<p align=\"justify\"><font size=\"4\">Rhode Island has followed Delaware and New Jersey to become the third US state to legalize sports betting. However, the state will take 51% of the revenue from sports betting &#8211; the highest percentage of revenue in the nation for sports wagering &#8211; with 32% going to vendor International Game Technology (IGT) and the remaining 17% earmarked for two casinos.<\/font><\/p>\n<p align=\"justify\"><img decoding=\"async\" src=\"http:\/\/mundovideo.com.co\/assets\/emperador-giff-eng.gif\" alt=\"\" width=\"100%\" \/><\/p>\n<p align=\"justify\"><font size=\"5\">&ldquo;High tax rates hinder the legal market&rsquo;s ability to compete with shady, illegal operators that don&rsquo;t pay taxes back to the state,&rdquo; American Gaming Association spokeswoman Sara Slane told Reuters.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Sports wagering is set to go live 1 October at two Twin Rivers Casinos, in Lincoln and Tiverton. Rhode Island won&#8217;t allow online betting just yet.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">The move is expected to provide the state with $23.5 million up to July 2019. Lincoln and Tiverton expect to collect $100,000 each in annual &ldquo;compensation for serving as the host communities for sports wagering&rdquo;. <a href=\"\/america\/sports-betting-in-united-states-supreme-court-made-the-decision-that-can-change-future\" target=\"_blank\" rel=\"noopener\">READ SO: SPORTS BETTING IN UNITED STATES: SUPREME COURT MADE THE DECISION THAT CAN CHANGE FUTURE<\/a><\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Wagers will only be allowed from land-based sources, with no provision in place for online betting in the current law, which could put Rhode Island at a disadvantage if neighboring Massachusetts and Connecticut allow customers to place bets through the Internet. Massachusetts is gearing up for sports betting by the end of 2018.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&ldquo;It could create a flight of customers,&rdquo; Daniel Wallach, an expert in gaming and sports law, told Reuters.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Paul Grimaldi, a spokesman for the Rhode Island Department of Revenue, said: &ldquo;We wanted to start small and make sure we have the operational system down pat in the casinos before we explore online or mobile.&rdquo;<\/font><\/p>\n<p align=\"justify\"><font size=\"5\">Experts suggest illegal betting in the United States is a $50 billion to $150 billion industry.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cHigh tax rates hinder the legal market\u2019s ability to compete with shady, illegal operators that don\u2019t pay taxes back to the state,\u201d<\/p>\n","protected":false},"author":1,"featured_media":4442,"menu_order":603,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[1551,1549,1550],"class_list":{"0":"post-4441","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-american-gaming-association","8":"tag-rhode-island-sports-betting","9":"tag-sara-slane","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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