Bally’s Corporation Launches Online Casino in Rhode Island

Seizing the Online Gaming Wave: Bally’s Launches iGaming in Rhode Island

As Rhode Island enters the digital gaming arena, Bally’s Corporation spearheads the launch of its iGaming platform, marking a significant milestone in the state’s gambling landscape. As a gambling professional, let’s delve into the transformative impact of Bally’s online casino debut and its implications for Rhode Island’s gaming industry.

Bally’s iGaming Debut: Redefining Rhode Island’s Gaming Scene

Today marks a pivotal moment for Rhode Island as Bally’s Corporation rolls out its online casino platform, offering an array of slots and table games to players across the state. With the legalization of iGaming nearly eight months ago, Bally’s customers can now access the platform via desktop or iOS mobile app.

A Monopoly in the Making: Rhode Island’s Competitive Edge

While Rhode Island embraces the competitive gaming industry, Bally’s secures its position as the sole operator in the state’s iGaming realm. The legislation, signed into law by Governor Dan McKee in June 2023, extends Bally’s monopoly from land-based casinos to online gaming, positioning its online arm Gamesys as the exclusive operator.

Taxation Dynamics and Regulatory Oversight

Under the new law, online slot revenue faces a hefty 50% tax rate, while table games are subjected to an 18% revenue tax, with proceeds divided between Bally’s and its gaming supplier IGT. Regulation falls under the purview of the Rhode Island Division of the Lottery, led by Director Mark Furcolo, ensuring compliance and oversight.

Technological Safeguards and Interstate Collaboration

Rhode Island’s iGaming regulations incorporate stringent geolocation technology to verify player location within state borders. Additionally, reciprocal agreements with other state regulators enable cross-border betting under specific circumstances, enhancing player flexibility and regulatory collaboration.

Riding the Digital Wave: Growth Prospects in the Online Gaming Realm

With Rhode Island’s sports betting figures experiencing a downturn, the launch of iGaming comes at an opportune moment. Bally’s strategic move aligns with the growing popularity of online gaming, as reflected in its robust revenue growth within the interactive segment, signaling promising prospects for Rhode Island’s digital gaming landscape.

Expanding Horizons: Rhode Island Joins the iGaming League

As Rhode Island joins the ranks of iGaming-enabled states alongside New Jersey, Delaware, and others, Bally’s iGaming launch sets the stage for a new era of digital entertainment and economic growth in the Ocean State. With online gaming gaining momentum nationwide, Rhode Island’s foray into iGaming heralds a transformative journey in the realm of digital gambling.