PROVIDENCE, R.I. (WLNE) - Cadillac Lounge is trying its hand at sports betting. The Providence strip club is hoping that adding the elements of sports and gambling, will attract a new generation to the club, and bring in some much-needed revenue for the state.

"You can wager on a game, you can have drinks, and in the company of beautiful women. What's better than that?"

Owner Dick Shappy is opening up "Overtime Sports Bar" inside the lounge, where customers can make bets with Rhode Island's new mobile sports betting app.

"I think it's a chance to save the state of Rhode Island. Twin River, I mean, they're experiencing a 30 percent decline in revenue just in the month of July alone," said Shappy.

Sports betting kicked off last year, and mobile betting started just last week. In its first few days, it raked in around $400,000.

Shappy, who is now in his 51st year in the adult entertainment business, hopes sports betting will be a win for the club that opened in 2001.

"Business, it was better in the older days. It seems that the millennials are more interested in staring at their cell phones."

Overtime Sports Bar will have mobile sports betting stations, over a dozen televisions to watch the games, cell phone charging spots and private sections.

"It's definitely gonna add a little element that no other club really has right now. Guys will always love women, booze, food, and sports," said the manager and Shappy's son, Brandon Calicchia.

Paul Grimaldi of the Rhode Island Department of Revenue said to us in a statement, that they're not at all surprised that bars and restaurants would take advantage of mobile sports betting as a marketing tool, as "anyone who properly registers and activates a Rhode Island mobile sports betting account can place a wager anywhere within the state’s boundaries."

Grimaldi said the Rhode Island Lottery does not endorse visits to particular establishments, apart from the casinos.

The sports bar is set to open in a week and a half.

© WLNE-TV 2019