Connecticut Sports Betting Alive and Well
Connecticut expanded gaming earlier this year by legislation that amended the state’s two tribal gaming compacts with the Mohegan Tribe and Mashantucket Pequot Tribal Nation. As a result, the tribes can conduct in-person and mobile sports betting, online slots, and table games. Here is Connecticut Sports-Betting Alive and Well.
The Brief Look at The Amendment That Paved the Path
The agreement reached in March of 2021 amended the state pact that gave Mohegan Sun and Foxwoods Resort Casino exclusive gambling rights in Connecticut for almost thirty years.
It will also allow the Connecticut Lottery to run sports betting only in cooperation with tribal entities. The Connecticut Lottery will have the right to operate 15 onsite retail locations and one online sportsbook. Hartford and Bridgeport will be home to two retail locations. Eventually, the CT Lottery and Rush Street Interactive will have 15 retail locations across the state.
Connecticut launched online sportsbooks in the state on Oct. 19. After a 7-day soft-launch period, players had limited access.
Connecticut doesn’t offer many online gaming vendors for a small state, but it has quality, with three sportsbooks at the top of the industry.
How Do They Compare?
According to Bart Shirley of PlayUSA (please see bio notes at the bottom), this is how the three online vendors in Connecticut compare:
DraftKings
DraftKings was the first of the “new” online sportsbooks after sports betting became legal across the US in 2018. Since then, the DFS titan has remained among the best with its innovative app features and software. For example, the DK app is one of the first to offer a live ticket system or Cash Out option, which allows you to close out your bets early if they meet certain conditions during the game. In addition, every player who logs onto the DraftKings app is also greeted with their betting carousel. This personalized rotating display offers active betting options based on your stated preferences and betting history.
FanDuel
FanDuel has risen from its DFS roots to become one of the top sportsbooks in the United States. Although the company often moves in tandem (and vice versa) with archrival DraftKings, FD has distinct features and attributes that set it apart from the competition. One of the biggest things to notice is somewhat intangible: the ease of navigation. You are never lost on the FanDuel app, and it’s easy to move from one type of wager to another. FanDuel also maintains one of the most active and generous slates of bonus offers and promotions, and there’s almost always a way to sweeten the bets you want to make.
PlaySugarHouse (Connecticut Lottery)
The Connecticut Lottery announced that it had selected Rush Street Interactive as its strategic sports betting partner in August 2021. The announcement came after roughly a month and a half of the agency’s radio silence about its cohort’s identity. PlaySugarHouse Sportsbook is a perfectly serviceable, if underwhelming, sportsbook app. Nothing is missing, but there’s also nothing that stands out as terrific or terrible, either. If you’re looking for a meat-and-potatoes sportsbook that will get you from A to B, then the SugarHouse app is a good option.
Together with our partners, Rush Street Interactive and Sportech Venues, we can offer bettors world-class, in-person sportsbooks at accessible locations throughout the state, and mobile sports betting under the PlaySugarHouse brand.
Greg Smith, president and CEO of the Connecticut Lottery Corporation
Connecticut Sports-Betting Alive and Well – What is iGaming?
iGaming or online gaming is wagering money or some other value on the outcome of an event or a game using the internet. The iGaming activities include poker, online casinos, sports betting, etc.; the largest market share comprises casino games and sports betting.
The ability to bet using a mobile device outside the sportsbook has been pivotal to sports betting in Rhode Island. But the ability to play casino games with real money anywhere in the state puts Connecticut on top in New England. So while legal sports betting brings more gamblers through the doors, iGaming provides a substantial financial benefit.
Sports betting is all the hype in the US gaming industry. This year, billions of dollars in legal bets are being legally placed across the country. It is a big topic of discussion, but not necessarily the big money-maker. Sports betting is considered a small-margin business by most of the casino industry. iGaming is not.
The tribes will share 18 percent of their iGaming revenue with the state of Connecticut. Their sports betting win will be taxed at 13.75 percent.” According to the American Gaming Association (AGA), “In the first nine months of 2021, iGaming generated $2.62 billion in revenue, growing 145.4 percent from the same period in 2020.”
Six states have legalized iGaming: New Jersey, Pennsylvania, Delaware, West Virginia, Nevada, and Michigan. Michigan recently launched iGaming and sports betting as the 6th state. Connecticut is the 7th.
Related Post – iGaming Will Put Connecticut On Top In New England
Summary
No doubt, legalized sports betting and gaming will vault Connecticut Casinos’ past pre-pandemic revenue reports. Connecticut Sports-Betting Alive and Well! And it will also give the Lottery and Rush Street (SugarHouse) an added boost.
For a gem of an article, go to “Connecticut Online Sports Betting“ by Bart Shirley. And please read about Bart and the company he writes for, PlayUSA. Now make those bets, but remember to be a responsible gambler.
Binbin
Bart Shirley is a senior evergreen content writer for PlayUSA. He’s been writing and reporting on the gambling industry since 2013. Before working for PlayUSA, Shirley was a feature writer for QuadJacks, a site covering issues in poker. He also writes for BonusCodePoker, a poker satire site that lampoons the lighter side of card games. Shirley graduated from the MBA program at Texas Christian University’s Neeley School of Business and has a degree in English from Texas A&M University. He grew up in Houston, TX, and lives in Katy, just west of Houston. Shirley is also a former high school teacher. He is married, has one daughter, and practices Brazilian jiu-jitsu in his spare time.
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