The latest monthly revenue report from the Connecticut State Department for Consumer Protection reveals that online gambling operators reported combined revenues of $46.2 million for the month of October.
The latest figures represent an increase of 5.2% compared to the $43.9 million reported in the month of September.
Online Casino Gaming
Online casino gaming revenues came to $31.1 million for October, an increase of 2.6% against the $30.3 million reported in the previous month. Wagers for the month totaled $1.14 billion, a marginal increase on the $1.12 billion reported in September.
The Mashantucket Pequot Tribe and its online partner DraftKings were the market leaders for the month of October generating $18.7 million in revenue from $688.3 million in wagers. Mohegan Sun and its partner FanDuel followed with $12.3 million in revenue from $458.8 million in wagers.
State taxes from online casino gaming for the month of October came to $5.6 million.
Sports Betting Sets All-Time Records
Sports betting operators reported taking in over $189.6 million in wagers during October, a 4.8% increase compared to September and a year-on-year increase of 15.5%. Of this figure, $177.1 million came through online sportsbooks. Both figures are all-time state records.
Retail and mobile sportsbooks combined to generate a record $16.3 million in revenues during the month of October. This marked a 10.1% increase on the previous month and a 29.3% increase year-on-year. Online sports betting revenues came to just over $15 million, another state record.
State taxes from sports betting came to $2.2 million, the highest total recorded since Connecticut sports betting launched in October 2021.
Year-to-Date Sports Handle, Revenues & Taxes in Connecticut
| Period | Total Handle | Sportsbook Revenue | Win % | Adjusted Win | Adjusted Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2023 | $167,673,044 | $17,562,322 | 10.47% | $13,958,469 | 8.32% | $1,919,290 |
| Feb 2023 | $136,508,300 | $10,866,536 | 7.96% | $8,550,500 | 6.26% | $1,175,694 |
| Mar 2023 | $159,997,579 | $16,509,118 | 10.32% | $13,496,875 | 8.44% | $1,855,821 |
| Apr 2023 | $126,683,869 | $13,146,672 | 10.38% | $10,608,950 | 8.37% | $1,458,730 |
| May 2023 | $109,421,369 | $14,926,294 | 13.64% | $11,966,495 | 10.94% | $1,645,394 |
| Jun 2023 | $91,414,677 | $8,879,045 | 9.71% | $6,993,293 | 7.65% | $961,577 |
| Jul 2023 | $91,512,897 | $10,624,363 | 11.61% | $8,838,636 | 9.66% | $1,215,353 |
| Aug 2023 | $91,316,807 | $9,251,937 | 10.13% | $7,470,338 | 8.18% | $1,027,171 |
| Sep 2023 | $180,954,946 | $18,784,334 | 10.38% | $14,899,707 | 8.23% | $2,048,710 |
| Oct 2023 | $189,626,160 | $18,969,777 | 10.00% | $16,313,761 | 8.60% | $2,243,142 |
| Totals | $1,345,109,648 | $139,520,398 | 10.46% | 11309702.40% | 8.47% | $15,550,882 |
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.