CT Sports Betting Bills Would Cap Hold, Require 2-Way Markets


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Connecticut sports betting

With five bills taking aim at the Connecticut sports betting industry, CT sportsbooks might soon have new rules to follow. 

Rep. Tony Scott introduced multiple pieces of legislation last week that would implement varying levels of rules for Connecticut sports betting. To the north, a Massachusetts bill introduced last week also aims to put tighter guardrails on the industry, similar to proposed national legislation.

Unlike the bill in Massachusetts, Scott’s bills would largely clean up the initial sports betting act rather than bring about sweeping reform. The Massachusetts bill appears based on the SAFE Bet Act, which is co-sponsored by Sen. Richard Blumenthal, who is from Connecticut.

Tightening CT sports betting

Scott’s bills include several instruments to rein in the sports betting industry: 

Loosening up a bit

Scott also introduced House Bill 5563, “an act concerning sports wagering on Connecticut intercollegiate teams.”

The bill would allow Connecticut sportsbooks to offer wagers on in-state college teams. Current law only allows betting on in-state teams during tournament play.

CT sports betting history

Connecticut sportsbooks launched in October 2021 with three options: BetRiversDraftKings and FanDuel. DraftKings and FanDuel are partnered with tribes in the state.

Fanatics began taking bets in the state in 2023 after Rush Street Interactive’s BetRivers withdrew as the Connecticut Lottery’s sports betting partner

From $578 million in sports betting revenue, the state has collected $61.4 million in taxes.

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