IGT and William Hill U.S. team up
August 29, 2018 3:00 AM
by Robert Mann
International Game Technology (IGT) and William Hill U.S. announced they have been chosen by the Rhode Island Lottery to be the “end-to-end” sports wagering service operator in the state.
IGT is providing the sports wagering platform and William Hill the risk management services at the state’s licensed video lottery and table game establishments, Twin River Casino and the soon-to-open (Sept. 1) Tiverton Casino, also owned and to be operated by Twin River. Sports betting operations are not expected to be operational until mid-November.
Rhode Island legalized sports betting in June through a unique business model in which the state receives 51 percent of all new sports betting revenue and IGT gets 32 percent. The two host casinos for sports wagering receive 17 percent.
It was not revealed how much William Hill receives for risk management and who pays the British-controlled bookmaking company that has its main U.S. offices in Las Vegas and operates throughout Nevada, and as bookmaker and/or risk manager in New Jersey, Delaware and newly opened or soon-to-open locations in Mississippi and West Virginia.
The initial term of the contract is for five years from the date the first sports wager is placed at either venue, and can be extended via mutual-consent options for two successive five-year terms, according to a media release.