According to the report, online casino revenues dropped for the first time since the industry launched as CT online casino operators 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.
The state’s three online sports betting operators reported accepting $108.7 million during the month. This was a drop of 27.2% on the previous month’s total of $145.3 million. Payments to gamblers through mobile sports betting apps for the month amounted to $103.3 million resulting in combined gross gaming revenue (GGR) of $2.6 million. This saw the state collect $454,618 in online sports wagering taxes.
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.
Connecticut Online Casino Gaming Revenues Drop for First Time Since Industry Launch