Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(117,050 posts)
Thu Dec 2, 2021, 11:42 AM Dec 2021

A Month of Online Gambling Has Netted Connecticut $1.7M in Revenue

Less than a month of newly-legalized sports betting and online gambling in Connecticut generated more than $1.7 million in revenue for the state’s coffers, Gov. Ned Lamont announced this week.

From the soft launch in mid-October through the end of that month, the state recorded about $513,000 in sports betting revenue and $1.2 million from online gambling, all bound for Connecticut’s General Fund.

The number offers the first glimpse of state proceeds from a deal negotiated this year between the Lamont administration and the two federally-recognized tribes that operate casinos in Connecticut, which cleared the way for legalized sports wagering and online casino games.

In a press release, Lamont said the early revenues validated his administration’s efforts to ensure seamless consumer access to the new forms of gambling.

Read more: https://ctnewsjunkie.com/2021/12/02/a-month-of-online-gambling-has-netted-connecticut-1-7m-in-revenue/

Latest Discussions»Region Forums»Connecticut»A Month of Online Gamblin...