Sports Betting Alliance calls for competitive iGaming market in Rhode Island
The Sports Betting Alliance urges Rhode Island lawmakers to amend legislation and establish a competitive iGaming market, citing benefits such as increased tax revenue and improved consumer protection
During a recent hearing on the legalization of online gambling in Rhode Island, the Sports Betting Alliance (SBA) voiced its support for the creation of a competitive market.
The SBA, consisting of leading gambling companies like FanDuel and DraftKings, recommended amending the proposed legislation to allow for multiple operators.
They highlighted the benefits of healthy competition, such as increased tax revenue and a wider range of options for consumers.
The SBA also emphasized that a competitive market would help reduce engagement with illegal operators and promote responsible gambling practices.
They cited data that showed the potential for significant tax revenue and the drawbacks of a monopoly-based system seen in other states.