Rhode Island's State Senate has voted to pass SB3, which would allow for the state's sportsbooks to offer wagers on collegiate teams located within the state, which is currently not allowed.
The state legalized sportsbetting in 2018, but specifically left out the ability to bet on collegiate sports teams that are located in the state. The industry has evolved and there are enough controls in place that it seems Rhode Island's politicians are ready to allow for the acidity to expand. The passage took two months, and will now move onto the House Finance Committee for debate. If it passes there it would move to the House as a whole for the same process. From there, it would move to the desk of Governor Daniel McKee, who can sign the bill into law or veto it.
If the bill does pass, Rhode Island gamblers will be able to bet on their home teams for events like the NCAA Mens's Basketball Tournament, or even individual matches.
Regarding the bill, Rhode Island Senate President Dominick Ruggerio said, "I think it's something that will raise revenue next year. I'm also looking at iGaming. I think that will be a substantial revenue generator down the line where people can stay at home and basically do everything similar to what they do on sports betting."