Connecticut Announces October Sports Betting, Casino Revenue

Connecticut Announces October Sports Betting, Casino Revenue
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The first month of legal sports betting in Connecticut saw its residents record a total handle of $54.6 million.

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October’s sports betting handle included the soft launch on Oct. 12 through the end of the month. Connecticut launched went live a week later. The state collected $513,000 in sports betting revenue, which will be used for the state’s general fund.

“This first revenue collection for our state reinforces the process and approach by my administration when it came to ensuring our sports betting and iCasino platforms worked seamlessly for consumers,” Governor Ned Lamont said in a media release. “We worked tirelessly with our casino and state partners to ensure Connecticut consumers would have positive user experiences across platforms and that is exactly what these results illustrate. We’re off to a great start with this new gaming marketplace and we’re looking forward to years of success.”

Connecticut Sports Betting

Total handle Mobile handleRevenue

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Online Operators

Mohegan Digital, which is partnered with FanDuel Sportsbook, recorded the highest online handle at $27.1 million.

The Mashantucket Pequot Tribe and DraftKings Sportsbook had a monthly handle of $23.8 million.

It’s clear the residents were drawn to the two well-known sports betting brands with the Connecticut Lottery Corporation and Sugarhouse Sportsbook only taking in $3.2 million in bets.

The retail sports betting handle from the Sugarhouse Sportsbook came to $541,846. Retail sports betting through the Connecticut Lottery started on Oct. 25.

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Online Casino Gaming

The state also launched its online casino platforms in October. Online casinos were more profitable than sports betting for the state, with $1.7 million in revenue generated during October.

Payments due to the state include 13.75% of gross gaming revenue for sports betting and 17% for online casino gaming until 2026 when it will go up to 20%. The state does not collect payments on sports bets on tribal lands.