Connecticut Online Sports Betting
It has been a long and complicated battle to legalize and launch Connecticut sports betting. However, it finally appears that legalized sports betting will finally launch in October of this year.
Recent federal approval of revised gaming compacts have cleared the way. These amended compacts were negotiated between Connecticut Governor Ned Lamont and the Mashantucket Pequots and Mohegan gaming tribes. With the US Bureau of Indian Affairs signing off on these compacts, CT sports betting will be available in the near future.
Governor Lamont has always been a proponent of expanding gaming options in the state, but he met with plenty of resistance from Native American tribes. Now it appears that both the state and the two gaming tribes have a legalized sports betting system in place that meets everyone’s needs.
A bill was first introduced in 2021 by 17 different lawmakers, and it outlined the path for CT sports betting. The Native American tribes would benefit the most, but the state would be included as well.
Once the official legislative bill was signed, the next step in the process for legal sports betting was federal approval of the revised tribal gaming compacts.
When Connecticut sports betting does officially launch, all retail betting will be done at casino properties owned by the Mashantucket Pequot and Mohegan Indians. The Mohegan Sun and Foxwoods Resort Casino will be equipped with a retail sportsbook to offer sports betting.
The Mashantucket Pequot Indians announced that they would partner with DraftKings Sportsbook to offer both retail and CT online sports betting. The Mohegan Tribe have chosen FanDuel as their sportsbook operator.
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The Connecticut State Lottery is the third legal entity offering online sports betting. The Lottery announced an alliance with BetRivers as its sports betting operating partner. Remote registration for online mobile sports betting accounts is part of the new sports betting legislation.
CT Sports Betting Rules
The ongoing process to legalize sports betting included the formal rules to govern the industry. Before CT sports betting could be offered, a complete list of available betting markets had to be established.
Connecticut is not home to any professional sports teams, and that paved the way for legalized betting on collegiate sporting events. The UConn Huskies are extremely popular throughout the state and are very successful when it comes to basketball.
The state will also have to determine if it will allow betting on esports events.
CT Sports Betting Regulations
Proposed Bill No. 146 was filed in January by 17 lawmakers. It would seek to authorize legal sports betting in Connecticut. From the start, lawmakers pushed to let the Native American tribes take the lead on sports betting, but the state would still collect tax revenue and could offer online sports betting as well.
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Governor Lamont had been hesitant to give Native American tribes in the state more gaming opportunities, but it became evident that this was the only way a new deal would get done.
The Connecticut Gaming Commission will play a significant role in regulating and overseeing the CT sports betting industry. This group would work closely with the Native American tribes to ensure that all regulations are being met.
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Once the state was willing to give up gaming control to the two Native American tribes, the idea of legal Connecticut sports betting became a reality . Both the Mashantucket Pequot and Mohegan Indians fought hard for the right to offer sports betting, and that will likely occur sometime this October.
Connecticut sports betting will not be a large market, but some of the biggest names in the industry will offer legal betting. The Eastern portion of the United States has seen tremendous growth in sports betting in recent years, and Connecticut is set to join in.
Recent projections note that Connecticut’s legal iGaming and sports betting industry could grow to $450 million in revenue on an annual basis. Further estimates call for $1.5 billion in legal sports betting volume by state’s third year in business.
Both retail and online sports betting will be available when the industry launches, but all of the in-person betting must be done on tribal lands. The Connecticut State Lottery will be able to offer online betting, but the tribes will be in charge of the industry.