title: Rhode Island — Overview: What kind of market is this? | advennt.io canonical: https://advennt.io/jurisdictions/rhode-island/overview/ [Jurisdictions](https://advennt.io/jurisdictions/) [Rhode Island](https://advennt.io/jurisdictions/rhode-island/) Overview Rhode Island · Question 01 of 11 # Overview: What kind of market is this? Mixed · Confirmed · AI-generated · [Back to full Rhode Island report →](https://advennt.io/jurisdictions/rhode-island/) Key section parameters | Jurisdiction | Rhode Island (US-RI) | |---|---| | Regulator | Recorded in register | | Favourability | Mixed | | Confidence | Confirmed | | Review status | AI-generated | | Last collected | 18 Oct 2026 | Summary answer Rhode Island's gambling market is moving toward a multi-operator sports-wagering structure following Senate passage of S3118 Substitute A, which would raise the sports-wagering vendor cap from one to up to six and was transmitted to the House as companion to H8186. The reform is not yet law. iGaming… ### Key headwinds & conditions - Highest state revenue take in the US (~61-62% iGaming slots, 51% sports) - Closed Lottery-contractor model — no open commercial licensing - Tiny addressable population (~1.1M) ## Full section analysis Rhode Island's gambling market is moving toward a multi-operator sports-wagering structure following Senate passage of S3118 Substitute A, which would raise the sports-wagering vendor cap from one to up to six and was transmitted to the House as companion to H8186. The reform is not yet law. iGaming and casino gaming remain under an exclusive arrangement with Bally's Corporation and IGT, reported to run under a twenty-year no-bid contract through 2041, unaffected by the sports-wagering reform track. The statutory definition of sports wagering at R.I. Gen. Laws § 42-61.2-1 continues to exclude state-operated video lottery and casino games and pari-mutuel wagering, keeping the sports-wagering and lottery/casino regimes analytically distinct.