Online Sports Betting Regulations Approved In Connecticut

Online Sports Betting Regulations Approved In Connecticut
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Connecticut moved one step closer to sports betting reality on Tuesday as the state General Assembly’s Regulation Review Committee approved regulations for sports wagering and online gaming.

“The passage of the regulations for sports wagering and online gaming is a significant step forward for Connecticut and our partners in this new marketplace," Gov. Ned Lamont (D) said in a statement regarding ER2021-031. "In working collaboratively with the Mohegan Tribe, the Mashantucket Pequot Tribe, and the Connecticut Lottery Corporation, Connecticut has crafted nation-leading legislation, which will position our state as a leader in this space and will provide an elevated user experience for eligible residents."

“I want to the thank the members of the Regulation Review Committee for their thoughtful debate, commitment to this process, and passing these regulations today.”

Connecticut Law Signed In May

Gov. Lamont signed sports betting into law on May 27, allowing the Mohegan Tribe and Mashantucket Pequot Tribe, along with the Connecticut Lottery, to expand Connecticut gambling to offer online gaming and sports wagering.

Sports betting in Connecticut could launch in the fall, an ambitious timeline promoted by lawmakers and other stakeholders. Going live by the end of the year or early in 2022 is probably more realistic.

The two previously announced tribal gaming compacts still have to be approved by the U.S. Department of the Interior, which could be after NFL betting goes full speed ahead with the season opener on Sept. 9 between the Dallas Cowboys and defending Super Bowl champion Tampa Bay Buccaneers.

On Aug. 12, the Connecticut Lottery Corp. announced that Chicago-based Rush Street Interactive would be the state’s third and final sports betting platform.

Rush Street operates SugarHouse Sportsbook and BetRivers Sportsbook.

The 10-year agreement includes $170 million in guaranteed minimum revenue share for the CLC from retail and online sports betting. Rush Street will also team with Connecticut-based Sportech to offer sports betting at 10 of the 15 retail sports betting locations authorized statewide.

Rush Street joins DraftKings Sportsbook (Mashantucket Pequot) and FanDuel Sportsbook (Mohegan Sun Uncasville) as the three online sports wagering operators in Connecticut.