Information
IGT signs multi-year sports betting contract extension with Rhode Island Lottery LAS VEGAS, Jan. 7, 2026 /PRNewswire/ -- IGT announced today that it signed a two-year contract extension with the Rhode Island Lottery to
Original sourceAI Summary
IGT has signed a two-year contract extension with the Rhode Island Lottery, continuing their collaboration to provide sports betting through 2028. This move solidifies IGT's role in the state's revenue generation efforts and enhances their PlaySports technology in retail and mobile platforms.
Trading Thesis
Investors should consider a bullish position on IGT given the extended contract with Rhode Island Lottery.
Market-Moving
- IGT's continued partnership boosts market confidence in its sports betting segment.
- Expansion in the sports betting sector is likely to enhance revenue streams for IGT.
- The investment in the Sportsbook Rhode Island app signals future growth potential.
- This contract extension reflects IGT's strong market position in the gaming technology industry.
- Positive sentiment from this deal could uplift IGT's stock performance.
Key Facts
- IGT has a contract extension with Rhode Island Lottery until November 2028.
- The extension supports retail and mobile sports betting operations in Rhode Island.
- IGT's PlaySports technology underpins the betting systems in use.
- IGT and the Rhode Island Lottery have collaborated since 2018.
- Joe Bertolone is the SVP of Sports Betting at IGT.
Companies Mentioned
- Caesars Sportsbook (CZR): Partnered with IGT in Rhode Island for sports betting since 2018.
- Everi Holdings Inc. (EVRI): Part of the combined offerings of IGT's business model.
Corporate Developments
This news falls under 'Corporate Developments' as it signifies a long-term strategic partnership that impacts revenue streams and technology adoption in the sports betting sector, reflecting IGT's commitment to growth and innovation in this industry.
FAQ
Why Bullish?
The contract extension with a key state lottery can boost IGT's revenues, reflecting positive growth trends similar to the historical revenue increases seen from past partnerships.
How important is it?
This extension is crucial for IGT, providing a reliable revenue source and affirming their competitive position in the fast-growing sports betting sector, crucial as states expand legalized sports betting.
Why Long Term?
Long-term agreements typically allow for stable revenue forecasting, drawing parallels from IGT's past contracts which led to sustained growth over several years.
IGT signs multi-year sports betting contract extension with Rhode Island Lottery
LAS VEGAS, Jan. 7, 2026 /PRNewswire/ -- IGT announced today that it signed a two-year contract extension with the Rhode Island Lottery to continue powering statewide retail and mobile sports betting in Rhode Island through at least November 2028 via IGT PlaySports technology.
"IGT is very pleased to continue our long-term relationship with the Rhode Island Lottery through 2028 and help generate important revenue for the State through its sports betting operations powered by PlaySports technology," said Joe Bertolone, IGT SVP Sports Betting. "IGT PlaySports continues to invest in the Sportsbook Rhode Island app to ensure the Lottery is offering a premier betting product that makes a positive impact on the State's commitments to good causes."
IGT PlaySports, Caesars Sportsbook and the Rhode Island Lottery have teamed up to offer retail and mobile sports betting since 2018. For more information, visit IGT.com, or follow IGT PlaySports on LinkedIn.
About IGT
IGT is a leading global provider of gaming, digital and financial technology solutions, formed through the combination of International Game Technology PLC's Gaming & Digital Business and Everi Holdings Inc. IGT's offering spans gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement solutions, enabling it to deliver integrated, customer-centric experiences across land-based and digital environments. Organized into Gaming, Digital and FinTech business units, IGT drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in Las Vegas.
Contact:
Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (775) 448-0257
© 2026 IGT
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
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SOURCE IGT