Connecticut’s gross gaming revenue climbs to $25m during March
The state continues to see increases in wagers and activity since the commercial market opened last October.
Connecticut’s Department of Consumer Protection has published its figures for March. The report showed significant growth in betting activity statewide during the month.
Overall gross gaming revenue in March climbed by 45.4% compared to February’s figures and reached a total of $25m.
Online casinos were responsible for a large amount of the state’s activity last month. Players wagered $568.3m with FanDuel and DraftKings during March.
Foxwoods Casino maintained its status at the top of the pack with $10.2m in online casino revenue. The casino is owned and operated by The Mashantucket Pequot Tribal Nation, who has partnered with DraftKings. The duo saw a total of $540.3m in wagers placed by Connecticut bettors.
Mohegan Sun reported $8.1m in iGaming revenue after taking in $271.6m in online casino wagers. The Mohegan Tribe operates the casino and is partnered with FanDuel.
Statewide sports betting yielded a combined total of $7.5m in gross gaming revenue from its online and retail sportsbooks. Sport betting in March generated a total handle of $140.7m.
The Connecticut Lottery’s retail betting operation took in $8.8m in bets during March, which generated $827,609 in gross gaming revenue.
Sports betting has been legal in Connecticut since last October. Governor Ned Lamont said that the state expects gambling revenue to generate $100m a year during the next four or five years. At least at the start, revenue from expanded gambling will be a small share of the two-year, $46bn budget enacted in June by the governor and the General Assembly.
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