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A bill has been tabled in Delaware that would open the state’s online sports betting market to additional competitors.

The First State is considering whether to open its OSB market following the January launch of regulated online gambling.

Rush Street Interactive, through its BetRivers brand, is currently the state’s sole online operator through a contract with the Delaware Lottery.

RSI also powers the three statewide online casinos in partnership with the state’s racetracks: Delaware Park, Bally’s Dover Casino, and Harrington Raceway & Casino.

Up to six licences up for grabs

Representative Franklin D. Cooke (D) proposed legislation which aims to establish the framework for a competitive mobile betting market in Delaware.

House Bill 365 would allow each racetrack to partner with up to two sports betting operators, meaning a maximum of six in total.

“It’s important that Delaware remains competitive and responsive to the preferences of its residents,” co-sponsor Rep. William Bush said to Delaware Business Now.

“By providing Delawareans with a larger mobile sports wagering market, similar to those thriving in neighbouring states, we can level the playing field and bring in a new source of revenue for our state.”

Licences would cost mobile operators $500,000 for a five-year term, with a tax rate set at 18% of sports betting revenue.

An additional 1.5% revenue charge would be directed to either the Delaware Thoroughbred Racing Commission or the Delaware Harness Racing Commission.

Operators active in the state would also be required to make up any losses for the racing funds in the previous 12 months prior to the launch of the competitive market.

Final regulations for the new system would be required to be issued within one year of the bill’s passage.

If the bill is successful, it would mark a major shake-up to Delaware’s online sports betting regulations just months after the launch of its online market.

Delaware was originally the second state in the union to accept retail bets after Nevada in 2018 in the wake of the US Supreme Court striking down PASPA.

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