Connecticut Sports Betting Soars in November, Led by Mobile Wagering

Connecticut Sports Betting Soars in November, Led by Mobile Wagering
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The amount of money bet on sports in Connecticut topped $131.7 million during November, with the majority coming from bets placed on mobile devices such as smartphones and computers.

The November overall sports betting total is up 141.1% from October’s handle of $54.6 million, according to figures from the state Department of Consumer Protection.

 

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Governor Places First Sports Bets

Gov. Ned Lamont, a Democrat, placed the first-ever legal Connecticut sports bets on Sept. 30 in temporary spaces at Foxwoods Resort Casino and the Mohegan Sun.

A short time after that, the Mashantucket Pequot Tribe opened a permanent DraftKings Sportsbook at Foxwoods.

The Mohegan Sun has a temporary FanDuel Sportsbook, but the Mohegan Tribal Nation plans to open a permanent site at the casino before the NFL’s Super Bowl in February, according to The Day newspaper. The Super Bowl is scheduled to be played on Feb. 13 at SoFi Stadium in Inglewood, California, just south of Los Angeles.

 

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Wagering at casino sportsbooks in Connecticut reached $4.18 million in November, an increase of 671% from the $541,846 in bets placed one month earlier.

Connecticut Sports Betting, November vs. October

Total handle Mobile handleRevenue
November$131.729M$127.549M$12.452M
October$54.641M$54.100M$3.731M
ChangeUp 141.1%Up 135.8%Up 233.8%

Mobile Wagering Dominates Connecticut Sport Betting

When retail and mobile sports betting numbers are combined, mobile wagering makes up 96.8% of the money bet on sports in the state. Nationwide, the majority of sports bets are made on mobile devices.

In November, mobile sports betting soared in Connecticut, compared to the previous month.

November’s mobile sports wagering handle topped $127.5 million, or 135.8% more than the October amount of $54.09 million.

In addition to FanDuel’s mobile wagering alliance with the Mohegan Sun and DraftKing’s with Foxwoods, the Connecticut Lottery manages a PlaySugarhouse Sportsbook.

 

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Low Tax Rate

In its region, Connecticut has a comparatively low tax rate on mobile sports betting, at 13.75%. The rate is 51% in New Hampshire and New York, where mobile wagering is set to begin next year. The nationwide average is 11%.

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