Is Daily Fantasy Also Part of the Connecticut Online Betting Launch?

Is Daily Fantasy Also Part of the Connecticut Online Betting Launch?
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Fans of sports and online gambling in Connecticut can continue to enjoy daily fantasy contests as the state’s legal online gambling industry gets underway. You will be able to choose from a wealth of fixed-odds Connecticut sports betting markets plus DFS contests when FanDuel and DraftKings launch their new-look sites.

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The Status of Daily Fantasy Sports in Connecticut

DraftKings, FanDuel, Underdog Fantasy and PrizePicks were all operating in Connecticut before the state passed new online gambling legislation in May 2021. The operators were not licensed, as Connecticut had no such requirement. That all changed with the passage of HB 6451, which Gov. Ned Lamont signed into law on May 27. It created three master licensees for gambling in Connecticut: the Mohegan, the Mashantucket Pequot, and the Connecticut Lottery.

Each of those licensees is permitted to host one online operator on its master license. The Mohegan signed a deal with FanDuel DFS, the Mashantucket Pequot agreed to work with DraftKings DFS and the Lottery chose SugarHouse Betting.

Aside from DFS, each online operator is also allowed to offer sports betting, online casino gaming and online poker. No other companies can operate in the state. It means that FanDuel and DraftKings can continue to run DFS contests, but Underdog Fantasy and PrizePicks had to exit the market.

What Will Change for Connecticut DFS Players?

Some sports fans may be disappointed to see the Connecticut DFS market grow less competitive. However, it is worth remembering that DraftKings and FanDuel already accounted for the bulk of the DFS action in the state, and their competitors were relatively minor players.

The two companies will continue to engage in healthy competition with one another, ensuring that players enjoy a strong user experience. SugarHouse could even launch its own DFS platform to make the market a little more crowded.

Both DraftKings and FanDuel are determined to continue to operate DFS in Connecticut – they paid $832,383 and $325,914.91 respectively in back taxes to do so – meaning that anyone in the state can still enjoy exciting and potentially lucrative contests on NFL, MLB, college football, and lots of other leagues and sports.