In its first full month of operation, CT sports betting is already booming.
Books held 12.6% of that for $15.8 million in revenue.
Who led CT sports betting?
DraftKings Sportsbook was the largest operator in the state by handle, with $60 million. FanDuel Sportsbook was just behind with $59 million, followed by Rush Street Interactive‘s PlaySugarHouse with $7.7 million.
As a recap:
- Draftkings is partnered with Foxwoods
- FanDuel is partnered with Mohegan Sun
- PlaySugarHouse is partnered with the Connecticut Lottery
Better hold for FanDuel?
However, FanDuel actually generated higher gross revenues at $6 million, compared to $5.1 million for DraftKings.
The three online operators generated just under $1.6 million in taxes for the state, while dishing out around $3.9 million in promos.
Additionally, retail betting through the Connecticut Lottery did $4.2 million in handle and $750,000 in revenue.
Serving Connecticut, New York and Massachusetts?
The figures would make Connecticut around the eighth-largest US state by sports betting handle, judging on October numbers. That is just ahead of New England neighbor New Hampshire and behind Iowa.
That is not bad after one and a half months of operation, with just three online operators.
Of course, the state is likely benefiting from betting tourists. Geocomply estimates that more than one-third of CT sports betting volumes came from the southwestern border with New York.
That may change next year when New York sports betting comes online.
Plenty of visitors for CT sports betting
Likewise, CT probably sees plenty of traffic from Massachusetts.
That is because sports betting in Massachusetts was ignored for another year by the Senate. The House passed sports betting legislation by a 156-3 vote over the summer, but that bill was never entertained by the Senate.
There simply was not enough bandwidth in the Senate to handle sports betting, President Karen Spilka said in October.
After rejecting a sensible proposition approved by the House for the second straight year, the Senate appears responsible for sending taxable sports betting revenue to multiple border states including: