Online Sports Betting In Connecticut Could Soon Become A Reality March 2, 2021 By: Travis Pulver Update: New details about Connecticut’s sports betting strategy have been revealed by Governor. The sports wagering business isn’t just about bookmakers and bettors handicapping games these days. It’s about casino operators, strategic alliances, broadcast and podcast partners, sports teams, sports leagues, stadiums, technology and being the official “fill-in-the-blank” of a gaming company. Every state is different. There are different rules and regulations, a wide array of tax.
Legal Sports Betting In Connecticut. Land-based sports wagering was legalized in CT in 2017, before the overturn of PASPA. However, the state must carefully decide how to implement the new industry, as it has to balance commercial interests with the tribal interests already established in the state. Ned Lamont’s office announced Tuesday it has reached an agreement on sports wagering and online gaming with the Mohegan Tribe and the Connecticut Lottery Corp., angering the state’s two.
Connecticut has reached an agreement with the Mohegan tribe on how sports betting would work if it were to become legal in the state.
Governor Ned Lamont wants the state’s second federally recognized tribe, the Mashantucket Pequot tribe, to join the agreement. Connecticut has long-established compacts with the tribes to operate casinos in the state.
The Mohegan tribe would give Connecticut a 13.75% cut of sports betting revenue under the new deal.
The agreement paves the way for Lamont to bring in revenue from online sports betting known as iGaming. The state could get 20% of all iGaming revenue.
Sports Betting Legal In Connecticut
The Connecticut Lottery would also have rights to offer sports betting at new brick-and-mortar facilities in Bridgeport and Hartford, a position long fought by the tribes.