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Sports betting in Rhode Island was legalized in 2018 after the U.S. Supreme Court decision in Murphy v. National Collegiate Athletic Association. This study assessed the prevalence of sports betting among Rhode Island young adults, identified sociodemographic predictors of sports betting, and tested whether sports betting was predictive of gambling problems. 12.4% of participants (n = 540, 18-25 years old) participated in sports betting, with the odds 3x higher in men, and 2x higher in essential workers. Problem gambling was 2.4x higher among sports bettors. Greater prevention efforts are needed to limit sports betting and prevent problem gambling.