- Connecticut took $246.3 million in bets in September, but Vermont kept 2.7 cents per dollar for the state compared to Connecticut’s 1 cent.
- DraftKings passed FanDuel in Connecticut revenue, $7.32 million to $7 million, flipping last September’s results.
- Table tennis jumped to Vermont’s third most-bet sport at $1.28 million, more than doubling August.
HARTFORD, Conn. – Connecticut bettors wagered more than 12 times as much as Vermont in September. But for every dollar bet, Vermont kept nearly three times more for the state. Connecticut’s September sports wagering data shows $246.3 million bet across the state, up 7% from last year, producing $2.47 million in taxes. The Vermont Department of Liquor and Lottery’s September report shows just $19.8 million in bets, but a $542,813 return for the state.
That works out to roughly 2.7 cents per dollar bet in Vermont compared to 1 cent in Connecticut.
The difference is the model. Connecticut taxes online sportsbook revenue at 13.75%, while Vermont sports betting is a 31.7% revenue share from DraftKings, FanDuel and Fanatics. And in September, Vermont’s revenue climbed 17.6% to $1.71 million even as the amount of money bet on sports in the state slipped 1.4%.
Back in Connecticut, the bigger news came at the top of the market as DraftKings took the revenue lead from FanDuel. DraftKings, operating through the Mashantucket Pequot Tribe, handled $99.1 million, up 11.3%, while its revenue jumped 26.2% to $7.32 million. FanDuel, operating through the Mohegan Tribe, grew handle just 1.7% to $88.7 million as revenue fell 6% to $7 million.
Last September, FanDuel out-earned DraftKings by $1.64 million. This year, DraftKings flipped it by $328,000.
DraftKings now holds 41.6% of the legal Connecticut sports betting market online, up from 40.2%, while FanDuel fell from 39.4% to 37.2%. The CT Lottery’s online sportsbook also grew 11.3% to $50.5 million, despite cutting promos by 73%.
Table Tennis Takes Off
Vermont’s September report had one surprise as table tennis became the third most-bet sport at $1.28 million. That more than doubled August’s $601,564 and passed both soccer ($1.17 million) and tennis ($894,000), after not cracking the top five last September.
Football still led at $6.89 million, nearly matching last year’s $6.95 million despite one fewer NFL Sunday on the calendar. And Vermont isn’t alone in the ping pong boom, as table tennis came within $194,000 of the NFL in Colorado’s August report.
With a full slate of football ahead, legal sports betting in New England should keep climbing even if Vermont keeps getting more out of every bet.
