CommerceGovernancePaywall
Boston Globe: RI lawmakers weigh millionaires tax as federal cuts threaten $400M in funding
Rhode Island faces an estimated $400 million loss in federal Medicaid and SNAP funding following Congress's "One Big Beautiful Bill Act." More than 10,000 residents have lost health coverage after enhanced premium tax credits expired. The General Assembly is considering a 3% surtax on the top 1% of earners (households above $640,000 taxable income), estimated to generate $203 million annually according to the Institute on Taxation & Economic Policy, writes Economic Progress Institute head in Boston Globe commentary.
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Bally's wins RI's second online sportsbook license, ending six-year single-operator market
Rhode Island Lottery selected Bally's Corporation to operate the state's second licensed online sportsbook, ending IGT's single-operator market since 2019. Bally's, which already operates RI's two physical casinos in Lincoln and Tiverton, is expected to launch in November when IGT's exclusivity period expires. The company will collect the full 49% operator revenue share as both digital platform and physical sportsbook rights holder, representing a significant revenue shift from its current 17% share.