October was the first month of sports betting and online betting in Connecticut, and the new industry took in $1.7 million in state revenue, according to Governor Ned Lamont. The figures were for October 12-31, after the soft launch of the services.
Department of Consumer Protection figures indicated that Connecticut’s three betting operators, DraftKings, FanDuel, and SugarHouse, took in more than $54.6 million in wagers during this period, reporting gross gaming revenue of over $4.9 million. DraftKings, partnered with Foxwoods, accounted for almost 75 percent of that amount.
All three operators set aside 25 percent of their revenue for promotional play.
Lamont said in a statement: “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.”
He added, “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.”
About $1.2 million came from online casino gaming revenues from the Foxwoods Resort Casino, owned by the Mashantucket Pequot tribe and the Mohegan Sun, owned by the Mohegan tribe, and about $513,000 came from sports betting revenues from both tribes and the Connecticut Lottery Corp.
Over $300 million in wagers were placed online.
The state collects 13.75 percent of gross gaming revenue from sports betting and 18 percent from online casino gaming. Those rates will increase to 20 percent in 2026. The tribes do not pay any state taxes on sports betting.
The state’s Office of Fiscal Analysis projects the state could collect a total of $30 million from sports wagering and online casino gaming by the end of the fiscal year, which ends next June 30.
The Connecticut Lottery Corp. is expanding venues that offer sports betting; a total of 15 are allowed by statute.
