The CT sports betting market finally has a target launch date following key federal approvals announced Thursday.
CT Gov. Ned Lamont and the state’s two tribes confirmed the US Department of the Interior had approved their revised gaming compacts. That marked the last major hurdle in the way of Connecticut sports betting.
The market is now on track to launch in October, Lamont said. That means the state can still capture more than three months of NFL betting.
What comes next for CT sports betting?
The Connecticut Department of Consumer Protection will continue the licensing process to certify the forthcoming gaming platforms.
The CT sports betting market will have three sportsbook options:
- Rush Street Interactive partnered with the CT Lottery.
- DraftKings Sportsbook partnered with the Mashantucket Pequot Indians.
- FanDuel Sportsbook partnered with the Mohegan Indians.
Lamont said in a statement: “Today’s announcement puts Connecticut on the cusp of providing a modern, technologically advanced gaming experience that will be competitive with our neighboring states. This positions us for success into the future.”
CT is a key market
The CT law, HB6451, also sets the stage for full-scale iGaming in the state.
Once launched, online sports betting in Connecticut could capture a significant portion of the tri-state area market. Many New York City commuters live in Connecticut and Massachusetts continues to drag its feet on sports betting legislation.
CT is also the sixth-wealthiest US state by median household income.
Tribal reaction to approval
“Today’s approval from the federal Department of the Interior is historic,” Chairman Rodney Butler said. “This begins an exciting new chapter for the Mashantucket Pequot Tribal Nation. This expansion will allow us to enhance investments in support of our tribe, to contribute additional revenue to the State of Connecticut, and to provide a new level of entertainment for our guests.
Mohegan Chairman James Gessner Jr. added:
“Modernizing our gaming industry will help protect and create Connecticut jobs. It will generate tax revenues to the benefit of both state and local municipal budgets, as well as our tribe’s members. This is not just a regional issue – it will have a statewide impact as Connecticut works to meet critical needs as it recovers from the pandemic. Today is a milestone achievement for Connecticut and its tribal nations.”