Connecticut’s gaming landscape witnessed unprecedented growth in September, as reported by the Connecticut Department of Consumer Protection. Players in the state placed remarkable wagers of $130.5 million on sports, marking a staggering 63% increase from the previous month’s figures. Concurrently, a state record was set with a staggering $943.5 million bet on online casino activities. Sportsbook operators experienced a boost in gross revenue, reaching over $16.9 million, while the state collected close to $1.8 million in taxes. With the gaming industry’s phenomenal performance over the past 12 months, Connecticut is poised to continue its trajectory as a prominent player in the US gaming market.
Soaring Sports Betting Handle:
Connecticut’s sports betting sector experienced a significant surge, with players wagering a total of $130.5 million on sports in September. This marked a remarkable 63% increase from the previous month’s handle of $80 million. Sportsbook operators witnessed a new record in gross revenue, surpassing the previous best of $16.3 million set in February. Adjusted revenue also reached an all-time high of $12.9 million, further solidifying the industry’s success.
Online Casino Sets State Records:
The online casino segment in Connecticut set unprecedented records in September, with an astounding $943.5 million in bets. This remarkable figure shattered the previous month’s record of $851.9 million. The online casino activities generated substantial gross revenue of $24.3 million, surpassing the previous best of $22.8 million from April. Adjusted revenue for the online casino segment amounted to $19 million, highlighting the sector’s robust performance.
Impressive Tax Receipts:
The thriving gaming industry in Connecticut also contributed significantly to the state’s tax revenue. The state collected close to $1.8 million in taxes from the sports betting sector, while the online casino activities contributed over $3.4 million in tax receipts. These impressive figures lifted the total tax revenue for the year to date to over $28.6 million, underscoring the positive economic impact of the gaming industry on the state.
Successful First 12 Months:
Over the first 12 months of regulated gaming activity, Connecticut’s sports betting handle reached an impressive $1.4 billion, with $114.3 million in gross revenue. Adjusted revenue amounted to $89.2 million, generating close to $12.3 million in tax receipts. These figures reflect the resilience and steady growth of the gaming industry in the state since its regulation.
Connecticut’s gaming industry achieved remarkable milestones in September, as evident from the record-breaking figures in sports betting and online casino activities. The substantial surge in the sports betting handle and gross revenue, along with the unprecedented online casino bets and revenue, underscore the industry’s phenomenal growth. The impressive tax receipts reflect the positive impact of the gaming sector on the state’s economy. As Connecticut continues to thrive as a prominent player in the US gaming market, it promises a bright future with sustained growth and dynamic gaming experiences for its residents and visitors alike.