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Online sports betting started in Connecticut on Oct. 19th, 2021. In-person sports betting commenced on Sep. 30

This page tracks and projects the Connecticut sports-betting revenue.

Connecticut Sports Betting Revenue: Month-by-Month Data

The table below will display official figures reported by the state government.

Month/Year Betting Handle Revenue Hold Percentage  State Tax Revenue
October 2021 $54,641,474 $4,903,171 9.0% $1,201,864
November 2021 $131,729,179 $16,655,205 12.6% $596,018
December 2021 $150,073,755 $8,879,733 5.9% $929,336
January 2022 $158,092,481 $11,187,162 7.1% $1,142,510
February 2022 $115,619,953 $4,749,489 4.1% $501,516
March 2022 $140,747,137 $9,785,420 7.0% $1,037,570
April 2022 $116,465,199 $9,235,020 7.9% $988,263
Total (since launch) $867,369,178 $65,395,200 7.5% $5,678,917

CT Market Overview

State Population (2020 Census): 3,605,944

Regulator: Department of Consumer Protection

Biggest Monthly Handle: $158,092,481 (January 2022)

Platforms: Online and retail

Tax Rate: 13.75% on sports betting and fantasy sports; 18% on online casino gambling

The industry is growing and the operators are becoming more efficient and more aggressive.

Connecticut Sports Betting Revenue Expectations

PlayCT projections have the betting handle in the state growing to over $1.5 billion annually and the state bringing in well over $100 million in annual revenue by the third year of operations.

If that’s the case, the annual state tax revenue will grow to about $14 million by 2024.

Connecticut Revenue Challenges

One of the main challenges compared to other states is the relatively small number of licenses available. Connecticut has 15 retail sports-betting locations and only three online operators (DraftKings, FanDuel, and SugarHouse). By comparison, Maryland is offering up nearly 40 retail licenses and 60 online licenses. 

That said, DraftKings and FanDuel are industry giants. Anyone looking to place an online wager in the state of Connecticut will find it pretty easy to do so.

Connecticut Revenue Advantages

Connecticut has the distinct advantage of being right next to Massachusetts and Rhode Island (populations of 6.84 million and 1.06 million, respectively), which do not currently offer legal sports betting. Anyone in Boston or Providence looking to make a legal sports bet can drive to Hartford in well under two hours.

Local Pro Teams to Bet On

Team Sport League
Bridgeport Islanders Hockey AHL
Connecticut Sun Basketball WNBA
Hartford Athletic Soccer USL
Hartford Wolf Pack Hockey AHL
Hartford Yard Goats Baseball AA Eastern League

More About Connecticut Sports Betting

To learn more about the history and current status of sports betting in the Constitution State, check out SBD’s main Connecticut sports betting page.

The state-by-state sports betting revenue tracker displays up-to-date data for all states that currently offer legal sports betting.