Connecticut Sports Betting Revenue Insights August 2025

Revenue Insights

$134.8M Handle

Down 23% from May’s $175.7M, marking the state’s lowest monthly handle since February.

Revenue Trends

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$14.27M GGR

A 20.8% drop from May’s $18.02M, though still above March levels.

Revenue Trends

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10.58% Hold

Up slightly from May’s 10.25%, suggesting operators maintained strong margins despite lower betting volume.

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$2.48M Tax Revenue

Identical to May, indicating stability in state collections despite handle fluctuations.

Revenue Trends

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Sports Betting in Connecticut

Connecticut, one of the oldest states in the US, has a rich history dating back to its earliest days. Known as the “Constitution State” and for its role in the American Revolution, Connecticut has a long history of innovation and economic contributions. Today, its industries include aerospace manufacturing, finance, biotechnology, and maritime commerce.

Sports betting was legalized in May 2021 and launched in October 2021 following an announcement by Governor Ned Lemont (D). This marks a new chapter in Connecticut’s gaming industry. The Connecticut Department of Consumer Protection (DCP) regulates the market. The DCP works closely with the licensed operators, FanDuel, DraftKings, and Fanatics, to implement guidelines that aim to provide consumer protection and transparency in the online sports wagering space.

Connecticut has a dual sportsbook framework: retail at tribal casinos and online. The state’s agreements with the Mashantucket Pequot and Mohegan tribes made this possible.

Interested in how different operators compare? Read our in-depth reviews of businesses in Connecticut.

Annual Sports Betting Growth in Connecticut

Data is pulled directly from the CT Gaming Commission Annual Reports

Source:

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Monthly Sports Betting Growth in Connecticut

Taxes

Data is pulled directly from the CT Gaming Commission Monthly Reports

Source:

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Connecticut's Sports Betting Handle Performance

Connecticut’s sports betting market saw a rebound in June 2025 compared to the prior month, with hold percentage and GGR both climbing back toward typical levels.

Annual Revenue

Year	Handle	GGR	Hold %	Tax Revenue
2022	1,421,158,018	95,217,811	6.74%	13,235,612
2023	1,651,986,679	131,142,055	8.06%	18,032,034
2024	2,089,110,750	187,349,516	9.08%	25,760,559

2025 Revenue

2025 (Monthly)	Handle	GGR	Hold %	Tax Revenue
Jan	218,919,224	21,593,565	9.86%	2,969,115
Feb	92,923,610	16,685,505	17.96%	2,294,257
Mar	199,292,267	13,153,273	6.60%	1,808,575
Apr	174,041,192	14,604,748	8.39%	2,008,153
May	175,696,566	18,015,861	10.25%	2,477,181
Jun	134,795,187	14,267,537	10.58%	2,477,181

Latest Updates in the Connecticut's Sports Betting Sector

June 3, 2025: Governor Lamont signed SB 1235 into law. This bans online sweepstakes casinos in Connecticut, targeting unregulated platforms and reinforcing protections around licensed sportsbooks.
May 6, 2025: Push to tighten betting rules & in-state college bets. The state House passed H.B. 5269, which includes:
- A credit card ban for sports betting deposits (mirroring Illinois)
- Restrictions on marketing financial incentives (“deposit matches,” “bonus bets”) (Gambling Harm, 2025)
January 24, 2025: Legislation is proposed to allow betting on flights leaving from and entering Connecticut. (Fox News, 2025)
January 22, 2025: A new bill is proposed that would allow Connecticut sports bettors to wager on local college teams (New Haven Register, 2025)
November 21, 2024: Fanatics Sportsbook opens a retail location, giving the state 11 in-person betting options. (The Hour, 2024)
December 1, 2023: Fanatics Sportsbook secures deal to become the Connecticut Lottery's sports betting partner in the state. (SBC Americas, 2023)

Connecticut Snapshot

Key Aspect	Details
Population	Approximately 3,625,650 residents as of 2024. (World Population Review, 2024)
Political Affiliation	Predominantly Democrat, although there are many Republican voters in the state. (270towin.com, 2024)
Year Sports Betting Legalized	Permitted from May 21, 2021. After years-long negotiations with the Mohegan and Mashantucket Pequot Tribe, sports betting became legal. (CT Mirror, 2021)
Number of Sportsbooks Operating	Three licensed online sportsbooks: DraftKings, FanDuel, and Fanatics Sportsbook.
GGR 2025 (Jan-Jun)	$98,320,489
Handle 2025 (Jan-Jun)	$995,668,046
Professional Sports Teams	Connecticut does not have professional teams in the NFL, NHL, MLB, or NBA, but the Connecticut Sun, a WNBA team, is located there. The NCAA's UCONN Huskies are immensely popular.

FAQs

General Questions

When did sports betting become legal in Connecticut?

Sports betting became legal in Connecticut in May 2021 after years of negotiations with the Mohegan and Mashantucket Pequot tribes. It went live in October 2021 with both retail and online sportsbooks.

How does Connecticut’s sportsbook work?

Connecticut has a dual sportsbook: retail at tribal casinos and online. The state’s agreements with the Mohegan and Mashantucket Pequot tribes allowed for this setup with operators like FanDuel, DraftKings, and Fanatics.

What’s the tax rate on sports betting revenue in Connecticut?

The state collects its share of the gross revenue from sports betting through a 13.75% tax, which has been increasing since its launch in 2021.

What are the challenges for Connecticut with sports betting?

A small population is a long-term challenge for growth in sports betting. To stay competitive, the state may need to focus on marketing, promotions, and expanding betting options to attract more customers, especially from neighboring states.

What’s new in Connecticut sports betting?

In January 2025, legislation was proposed to allow betting on flights in and out of Connecticut, potentially the industry's first. Fanatics Sportsbook opened a retail location, bringing the total to 11 in-person betting options in the state.

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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