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Sports wagering, online casino gambling nets state $1.7 million in revenue

Returns for the first month of sports wagering and online casino gaming have netted the state nearly $2 million in revenue.

Gov. Ned Lamont announced in a news release the state generated $1.7 million, with $513,000 generated from sports wagering and an additional $1.2 million in revenue coming from online casino games. The revenue will be placed into the state’s General Fund.

The gambling initiatives opened with a soft launch on Oct. 12.

“This first revenue collection for our state reinforces the process and approach by my administration when it came to ensuring our sports betting and iCasino platforms worked seamlessly for consumers,” Lamont said in the release. “We worked tirelessly with our casino and state partners to ensure Connecticut consumers would have positive user experiences across platforms and that is exactly what these results illustrate. We’re off to a great start with this new gaming marketplace and we’re looking forward to years of success.”

The Department of Consumer Protection reported that Mashantucket Digital and Mohegan Digital made payments to the state from online casino gambling in the amounts of $645,879 and $545,478, respectively.

Online sports wagering payments made to the state included $370,429 from the Mashantucket Pequot tribe, $83,810 from Mohegan Digital, and $29,465 from CT Lottery. Additionally, CT Lottery made a $29,247 payment to the state for retail sports wagering.

In addition, the department reported, slot revenue for the month of October was $11,065,548 for Mohegan Sun and $7,926,766 from Foxwoods. In 2020, Moeghan Sun made $95,976,606 in slot machine contributions to the state, while Foxwoods made $8,306,102 in payments to the state.

According to the release, the payments due to the state for gross gaming revenue for sports wagering is 13.75%, while online casino gaming will be placed at 18%. That percentage will increase by two points beginning in 2026. However, sports wagers placed on tribal land will not be collected by the state.

This article was originally posted on Sports wagering, online casino gambling nets state $1.7 million in revenue

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