Connecticut Reports Hugely Successful First Month for Legal Sports Betting and iGaming

by Jenny Tang - Friday, December 3rd, 2021 1:47

Sports Betting Odds

The Connecticut Department of Consumer Protection has released revenue data for the state’s first month of sports betting revealing that the three licensed operators accepted over $54.6 million in wagers during October.

Connecticut currently has three sports betting operators in DraftKings, FanDuel, and SugarHouse who, in the three weeks following the industry launch on October 12th, generated combined gross gaming revenue (GGR) of $4.9 million.

The first 20 days of legal sports betting in Connecticut also saw operators contribute $512,951 in taxes to the state.

DraftKings reported the highest revenue generating $3.6 million from $23.8 million in wagers to account for about 75% of all revenue in the state.

In the online casino sector, the only two operators, DraftKings and FanDuel, reported accepting $312.9 million in bets through their respective iGaming platforms. This generated a combined total of $6.6 million in revenue resulting in state taxes of $1.2 million in taxes due to 25% of both operators revenue being set aside for promotional play.

In a statement following the release of October’s data, Governor New Lamont said:

“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.”

“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.”

Jenny Tang

Global iGaming Correspondent based in NYC.