Connecticut bettors could see an upper limit to their sports betting wagers if a new bill passes through the legislature.
The House General Law Committee has filed SB 1464, which would allow the state to join the Multi-State Internet Gaming Agreement, allowing Connecticut bettors to play online poker with people in other states. It also, however, could set a maximum Connecticut sports betting wager.
The legislation is scheduled for a hearing on Wednesday.
No Connecticut sports betting max set in bill
At the moment, there is no number tied to the potential maximum wager.
The bill does include a note to “disclose the maximum sports wagers established for online sports wagering; and require the Commissioner of Consumer Protection to adopt regulations establishing maximum sports wagers for online sports wagering.”
One of Connecticut’s US senators, Sen. Richard Blumenthal, is a co-author of the SAFE Bet Act, which proposes guardrails for US sports betting.
CT sports betting market
Three online sportsbooks are available in Connecticut:
Since the market launched in October 2021, it has generated more than $6 billion in wagers. With sportsbooks hauling in $609.4 million in sports betting revenue, the state has taken $66.4 million in taxes.
MSIGA bill
The legislation’s meat is for the governor to join the interstate gaming pact. MSIGA allows bettors in states that have agreed to the pact to play peer-to-peer casino games with one another.
There are six states in the group:
The bill also would establish a toll-free telephone number for problems with online gaming platforms.
Other Connecticut legislation
Earlier this year, a lawmaker filed a bill to allow for sports betting in the skies over the Nutmeg State. That came on the heels of an announcement between Delta Air Lines and DraftKings. However, the bill has not moved.
There is also a package of bills that would establish a number of guardrails on the industry, including a maximum hold for sportsbooks, and require two-way markets.
Another bill would allow bettors to wager on in-state college teams.
