The latest monthly revenue report from the Connecticut State Department for Consumer Protection reveals that online gambling operators reported combined revenues of $46.2 million for the month of October.
The latest figures represent an increase of 5.2% compared to the $43.9 million reported in the month of September.
Online Casino Gaming
Connecticut Reports Record Online Gambling Revenues in OctoberThe Mashantucket Pequot Tribe and its online partner DraftKings were the market leaders for the month of October generating $18.7 million in revenue from $688.3 million in wagers. Mohegan Sun and its partner FanDuel followed with $12.3 million in revenue from $458.8 million in wagers.
State taxes from CT online casino gaming for the month of October came to $5.6 million.
Sports Betting Sets All-Time Records
Sports betting operators reported taking in over $189.6 million in wagers during October, a 4.8% increase compared to September and a year-on-year increase of 15.5%. Of this figure, $177.1 million came through online sportsbooks. Both figures are all-time state records.
Retail and mobile sportsbooks combined to generate a record $16.3 million in revenues during the month of October. This marked a 10.1% increase on the previous month and a 29.3% increase year-on-year. Online sports betting revenues came to just over $15 million, another state record.
State taxes from sports betting came to $2.2 million, the highest total recorded since Connecticut sports betting launched in October 2021.
Year-to-Date Sports Handle, Revenues & Taxes in Connecticut
| Period | Total Handle | Sportsbook Revenue | Win % | Adjusted Win | Adjusted Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2023 | $167,673,044 | $17,562,322 | 10.47% | $13,958,469 | 8.32% | $1,919,290 |
| Feb 2023 | $136,508,300 | Connecticut Reports Record Online Gambling Revenues in OctoberConnecticut Reports Record Online Gambling Revenues in October$8,550,500 | 6.26% | $1,175,694 | ||
| Mar 2023 | $159,997,579 | $16,509,118 | 10.32% | $13,496,875 | 8.44% | $1,855,821 |
| Apr 2023 | $126,683,869 | $13,146,672 | 10.38% | $10,608,950 | 8.37% | $1,458,730 |
| May 2023 | $109,421,369 | $14,926,294 | 13.64% | Connecticut Reports Record Online Gambling Revenues in October10.94% | $1,645,394 | |
| Jun 2023 | $91,414,677 | $8,879,045 | 9.71% | $6,993,293 | 7.65% | Connecticut Reports Record Online Gambling Revenues in October|
| Jul 2023 | $91,512,897 | $10,624,363 | 11.61% | $8,838,636 | 9.66% | $1,215,353 |
| Aug 2023 | $91,316,807 | $9,251,937 | 10.13% | $7,470,338 | 8.18% | $1,027,171 |
| Sep 2023 | $180,954,946 | $18,784,334 | 10.38% | $14,899,707 | 8.23% | $2,048,710 |
| Oct 2023 | $189,626,160 | $18,969,777 | 10.00% | $16,313,761 | 8.60% | $2,243,142 |
| Totals | $1,345,109,648 | $139,520,398 | 10.46% | 11309702.40% | 8.47% | $15,550,882 |
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.