Daily Fantasy Sites Have Clearance To Stay In Connecticut
Daily fantasy sports will remain as online gambling Connecticut goes forward.
Gov. Ned Lamont announced Thursday that the Connecticut Department of Consumer Protection has issued provisional licenses for the operation of daily fantasy sports in the state as it moves forward with implementation of sports betting and online gaming under a law the governor signed in May.
The law is the result of an agreement with the Mohegan Tribe and Mashantucket Pequot Tribe that allows the tribes and the Connecticut Lottery Corporation to offer online gaming, sports wagering, retail sports wagering, and online daily fantasy contests.
“This short-term step allows for the continuation of fantasy sports in Connecticut as we continue to move forward to modernize our gaming landscape in Connecticut,” Lamont said in a statement. “Thanks to our partnership with the Mohegan Tribe, the Mashantucket Pequot Tribe, and the Connecticut Lottery Corporation, our state will have a competitive, and nation-leading model for wagering both in-person and online.”
The provisional licenses were issued to MPTN CT Fantasy, LLC, a wholly-owned affiliate of the Mashantucket Pequot Tribal Nation and has contracted with DraftKings; MGA Technology DFS, LLC, a wholly-owned affiliate of the Mohegan Tribe of Indians and has contracted with FanDuel; and the Connecticut Lottery Corporation.
Future Of The Licenses
The licenses, which will expire on Sept. 30 or the date on which the more comprehensive licenses provided for in the May legislation have been issued, authorize these entities to operate fantasy contests off the reservations of the tribes.
Each entity may contract with any individual or entity to operate fantasy contests in Connecticut, provided that entity holds a valid license in at least one other state and makes a payment to the State of Connecticut for past operations.
The Connecticut Lottery Corporation has not yet entered into a contract with a fantasy sports operator.
“We are proud to have been able to approve these provisional licenses, a process designed to protect consumers and create a fair marketplace, so that these businesses may legally operate fantasy contests in Connecticut,” said Michelle Seagull, the state’s Consumer Protection Commissioner. “We look forward to continued work with both tribes and the Connecticut Lottery Corporation.”
Mohegan Gaming & Entertainment and Kambi Group ended their sports betting supplier agreement, it was also announced on Thursday.
The new amendment to their agreement ensures Kambi will receive expected revenue for its five-year term ending in 2024, following its initial agreement that was signed in 2019.
This allows Mohegan Gaming to collaborate with other sports betting platforms to launch on-property and online sports betting in Connecticut. On Wednesday, Mohegan announced that it had created a new division, Mohegan Digital, to take advantage of legal online casinos and sports betting.
The Mohegan Sun has partnered with FanDuel since 2016 to offer co-branded daily fantasy sports contests. It’s possible they could extend that deal to include sports betting.
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