It has been a long time coming but finally, citizens of Connecticut can celebrate a legalized and regulated online sports betting marketplace this fall. Lawmakers in the Constitution State approved HB6451 back in May 2021, enabling a fully licensed iGaming sector for Connecticut, spanning sports wagering, online casino gaming, daily fantasy sports, keno, and lotteries.
Consequently, Connecticut has become the largest New England state to operate with a fully-fledged online sport betting marketplace, moving it ahead of neighboring states of New York and Massachusetts in the battle to increase state tax revenues.
What is the launch date for legalized sports betting online in Connecticut?
The launch of online sports betting in Connecticut was provisionally set for October 7. However, the state missed this date by several days due to a memorandum of understanding via the federal government.
Fortunately, sports fans didn’t have long to wait to start wagering online. The soft launch took place on October 12, followed by a formal launch of the sector on October 19.
Who will oversee Connecticut’s regulated sports betting industry?
The organization equipped with overseeing the online sports betting activity of Connecticut’s residents is the Connecticut Gaming Division of the Department of Consumer Protection (DCP).
What is the new legal age to gamble online or offline in Connecticut?
The legal age to wager on sports online or with retail sportsbooks is 21 or older. Horse racing betting is the only sports wagering activity where citizens aged 18 or older can get involved in Connecticut.
Online sports betting operators in Connecticut
As per Governor Ned Lamont’s agreement with Connecticut’s tribal gaming organizations, both the Mohegan Tribe and the Mashantucket Pequot Tribe have been afforded one online skin each, with the ability to partner with existing online sportsbook operators. FanDuel Sportsbook Connecticut will be operated in conjunction with the Mohegan Tribe, while the Mashantucket Pequot Tribe opted to partner with DraftKings Sportsbook CT. Both operators are well-established elsewhere stateside and can bring the most competitive sports betting lines and markets across all major league sports.
The Connecticut State Lottery Corporation was also permitted to partner with the third and final operator, with the Corporation eventually selecting Rush Street Interactive’s SugarHouse platform. Users will be able to bet on sports through native mobile apps from all three licensed operators in Connecticut. The Corporation has also been permitted to partner with up to 15 retail sports betting sites statewide.
The regulatory framework of online sports betting in Connecticut revealed
Governor Ned Lamont reached a consensus agreement with the chairmen of both the Mashantucket Pequot Tribe and the Mohegan Tribe to modernize Connecticut’s gaming industry. The regulatory framework is designed to earn the state millions of dollars in additional tax revenue while keeping pace with the respective gaming industries in nearby states.
As part of the agreement, the state of Connecticut will be charging online sportsbook operators a tax rate of 13.75%. This is somewhat lower than the 18% tax rate set for online casino operators in the state, which will rise to 20% after five years.
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