Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch

Retail and mobile sports betting also dipped in February

Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch - Monday, March 28th, 2022 8:55

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Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch revealing that the state’s licensed sportsbooks and online casinos saw revenues drop for the month of February.

Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch reported accepting $743.8 million in wagers during the month. This was a drop of 4.64% on the previous month’s total of $780 million. Payments to players amounted to $722.2 million while GGR for the month was $17.1 million, down from the $18.8 million reported in January. This resulted in payments to the state of just over $3 million.

Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch

Meanwhile the state’s one retail sports betting operator, CT Lottery Corp, reported accepting $6.8 million in wagers down from the $8.7 million wagered in the previous month. GGR for the month amounted to $341,076 resulting in payments to the state of $46,898 less than half the amount collected in January. Overall mobile and retail sports betting in Connecticut combined to generate just $2.9 million in revenue during the month of February.

In total, the state collected just over $3.5 million in taxes from online casino gaming, retail sports betting, and mobile sports betting combined.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.