Connecticut Senate passes online gambling and sports betting bill
The bill was passed by Senate on Tuesday.
Sports betting and online gambling could arrive in Connecticut after years of debate and many failed negotiations with tribal nations.
It was passed with a 28 to 6 vote in favor of the bill, and includes an agreement that Democratic Governor Ned Lamont reached with the Mashantucket Pequot and Mohgean tribes.
Just last week, the Connecticut House approved the gambling agreement that Lamont reached with the tribes in March, with the Senate now passing the bill, so all that remains is federal approval.
The US Department of Interior will need to approve the bill and lawmakers hope this can be done in time for the launch of the NFL season.
The legislation allows the Connecticut Lottery Corporation to offer online sports wagering and retail sports betting in 15 locations.
It also allows Lamont to alter the state’s compact with the tribes in exchange of gaining access to sports betting, online gambling and online fantasy sports.
The state will take a share of revenues.
For the first five years, the state’s tax rate on gross revenues for internet gambling will be 18%, which will increase to 20% for the next five years with an option to continue for another five.
Meanwhile, the tax rate on sports betting and fantasy contests will be slightly lower at 13.75%.
If the bill passes through the Federal Government, it will allow the state of Connecticut to catch-up with other states that have already legalized sports wagering.
“A little over three years ago the Supreme Court cleared the way for states to legalize sports betting,” said Democratic state Senator Cathy Osten. “Since that timeframe, more than half of the country has already taken action to legalize this.”
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