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  5. ›RFQ #25-08 - SPORTS WAGERING SERVICE PROVIDER(S) FOR RHODE…

Rhode Island Lottery Commission·Rhode Island

RFQ #25-08 - SPORTS WAGERING SERVICE PROVIDER(S) FOR RHODE ISLAND LOTTERY

Closes 2/19/2026$100M – $200MRequest for Qualification
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Description

The Rhode Island Lottery Commission is seeking a sports wagering service provider to operate retail and/or online sports wagering in the state. The provider will be responsible for providing a full-service sports wagering solution, including hardware, software, data networks, and fully integrated sports book services. The contract term will be for five years, with the option to extend for an additional five years. The provider must comply with all state and federal laws and regulations, including those related to responsible gaming and integrity monitoring. • The provider must have experience in operating sports wagering services in the US. • The provider must demonstrate financial capability to perform the services. • The provider must have a strong background in sports wagering and gaming. • The provider must be able to provide a secure and reliable platform for sports wagering. • The provider must be able to comply with all state and federal laws and regulations.

Attached files

Contact

Terri Kiernan

[email protected]

(401) 463-6500

Key dates

Opened
12/2/2025
Questions due
1/2/2026
Closes
2/19/2026
Duration
5 years

Last updated

Details

Type
Request for Qualification
Industry
Aerospace and Defense
NAICS
713200
Solicitation №
25-08

Budget estimate

$100,000,000 – $200,000,000

The budget for this opportunity is likely to be substantial, given the nature of the services being provided. The state of Rhode Island has allocated 32% of sports wagering revenue to the vendor, and the contract term is for five years, with the option to extend for an additional five years. Assuming an average annual revenue of $100 million from sports wagering in Rhode Island, the vendor could potentially earn around $32 million per year, or $160 million over the five-year contract term. However, this is just a rough estimate, and the actual budget will depend on various factors, including the specific terms of the contract, the level of competition in the market, and the overall performance of the sports wagering services.

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