Connecticut reaches deal with Mashantucket Pequot Tribe on sports betting, iGaming
Connecticut Gov. Ned Lamont finalized a gaming agreement with the Mashantucket Pequot Tribe that sets the stage for legalized sports betting and online gaming in the Constitution State.
The deal allows the Pequots’ Foxwoods Resort Casino to offer mobile iGaming and sports betting. Lamont reached a similar agreement with the Mohegan Tribe, operator of Mohegan Sun, earlier this month without involvement from the Pequots.
With both of Connecticut’s gaming tribes on board, the state appears certain to legalize sports betting and online gaming this year.
“Connecticut is on the cusp of providing a modern, technologically advanced gaming experience for our residents, which will be competitive with our neighboring states,” Lamont said. “Our state’s tribal partners have worked with my administration thoughtfully, deliberately, and in a constructive fashion for the past few months, and we have achieved an agreement that is best for Connecticut residents and their respective tribal members.
“We will work to see it ratified and look forward to doing so through a collaborative effort, to include working with elected leaders in the General Assembly.”
The agreement gives the Pequots, Mohegans and the state lottery rights to operate online sports betting. The Mohegans have partnership with Kambi, while the Pequots recently signed a deal with DraftKings.
The lottery, which has not yet partnered with a third-party provider, would be allowed to operate 15 retail sportsbooks across the state.
Online sports betting revenue would be taxed at 13.75%, and online casino revenue would receive a 18% tax for the first five years of launch and 20% for the following five years.
The Democratic-controlled legislature is expected to pass online gaming and sports betting bills in the coming months.
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