- Connecticut sportsbooks handled $54 million in sports wagers, much of which came from online wagers.
- The first month of Connecticut sports betting was the fourth-highest first-month wagering handle in the industry.
- Connecticut sports betting generated over $4 million in sports betting revenue despite only operating for half a month
HARTFORD, Conn. – Connecticut’s first month of an active sports betting market demonstrated potential for a robust wagering market.
Fourth Biggest First Month Betting Handle
Throughout October, Connecticut residents took advantage of the nine available sportsbooks that were recently launched in their state.
In the first month of active Connecticut sports betting, the books’ reportedly handled over $54 million in sports wagers. This is the fourth highest handle for a first month of sports betting since 2019.
Top Five Highest First Sports Betting Months
- Nevada: $286,548,295
- Tennessee: $131,444,523
- Virginia: $58,896,564
- Connecticut: $54,099,628
- Indiana: $35,215,416
This is an impressive betting handle, considering that sportsbooks weren’t even able to begin receiving wagers until October 12.
With a full month of available active sports betting in November, it’s likely that handle will double into over $100 million.
Connecticut Sports Betting Revenue
Connecticut sportsbooks brought in nearly $4 million in sports betting revenue, $1.1 million of which went straight to state taxes.
Retail sports betting brought in $212,705 via the CT Lottery Corp, while online sportsbooks took in $3,517,849.
Reported Sportsbook Revenue Breakdown:
- CT Lottery Corp: $212,705
- Mashantucket Pequot: $2,694,029
- Mohegan Digital: $609,530
- CT Lottery Corp: $214,290
This marks a very solid first month of Connecticut’s legal sports betting market, going forward will likely see Connecticut become a very profitable wagering state.
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News tags: Connecticut | Indiana | Nevada | Tennessee | Virginia
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