News Summary
In April 2025, Rhode Island reported a remarkable 90% increase in sports and iGaming wagers, totaling $163.3 million. This surge marks the state’s second-best month and comes amid considerations for expanding sports betting vendors. Despite past declines in revenue, neighboring states have seen significant figures in gaming, raising both excitement and concerns regarding gambling issues. Proposed legislative changes may alter the current monopoly held by a single betting app, aiming at creating more options for bettors while addressing potential gambling problems.
Rhode Island Sees 90% Surge in Sports and iGaming Wagers
In April 2025, Rhode Island reported a striking 90% surge in sports and iGaming wagers, totaling $163.3 million. This marks the second-best month for the state, trailing only behind the previous month, March 2025, which had also seen significant wagering activity. This surge comes after a period characterized by declining sports betting revenue in Rhode Island, raising both enthusiasm and concerns among stakeholders.
Comparative Gambling Revenue Data
The increase in Rhode Island’s wagers is part of a broader trend seen in the gaming industry, particularly in adjacent states. For instance, Michigan’s sports and iGaming revenue reached $290 million in April, while Pennsylvania’s gambling revenue approached $560 million. Ontario experienced a 26% surge in wagers, and Delaware posted iGaming wagers exceeding $250 million. Additionally, Connecticut’s bets amounted to $1.8 billion during the same period. New Jersey also recorded a modest 5% increase in gambling revenue.
Current Market Dynamics and Proposed Changes
Rhode Island’s sports betting market currently operates under a monopoly established through the Sportsbook RI app, which is managed by International Game Technology (IGT) PLC. The exclusivity of this platform means that Rhode Island is one of only four states that rely on a single betting app. This situation has led to legislative efforts aimed at broadening the number of sports betting vendors. Proposed changes, sponsored by Senators Frank Ciccone and Representatives Matthew Dawson, aim to introduce at least five vendors by July 1, 2026.
Impact of the Proposed Legislation
Currently, IGT’s contract to operate the Sportsbook RI app runs through November 2026. However, proposed legislative changes could alter the state’s gaming framework before that deadline. The existing app has received mixed reviews, attaining a 4.4-star rating on Apple’s App Store and a 4.2 on Google Play. Still, many users have voiced dissatisfaction regarding the app’s functionality and the limitations in betting options.
Revenue Decline and Tax Rates
Despite the recent surge in April 2025, Rhode Island’s sports betting revenue has not been without its struggles. Between fiscal years 2023 and 2024, the revenue dropped by 24%, from $509.5 million to $458.8 million. Compounding the challenges faced by the industry is the state’s relatively high 51% tax rate on revenues from sports wagers, one of the highest rates in the United States.
Concerns About Gambling Issues
As discussions about expanding the number of sports betting vendors continue, concerns have been raised about the potential increase in gambling problems among residents. Legislative proposals have yet to address how to mitigate potential issues related to problem gambling as access expands. Rhode Island residents who may be facing gambling issues can reach out to the Problem Gambling Services for support at any time.
Conclusion
As Rhode Island navigates its evolving sports betting landscape, the significant increases in wagers alongside the potential expansion of vendors illustrate both the opportunities and challenges ahead. Ongoing legislative discussions will be crucial in shaping the state’s response to industry demands and public concerns about gambling addiction.
Deeper Dive: News & Info About This Topic
- Gaming Intelligence: Rhode Island Sports and iGaming Wagers Top $160 Million in April
- Providence Journal: Defeated Bill to Criminalize iGaming Play Under Age 21 Up for a Revote
- CDC Gaming Reports: Rhode Island Casino Revenue Up 5.8% Year-on-Year in January
- Wikipedia: Sports Betting
- Rhode Island Current: Sports Bettors Have One App in R.I., More May Be on the Way
- Google Search: Rhode Island Sports Betting
Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
