Connecticut Readies for Online Sports Betting
September 22, 2021
Sports bettors in Connecticut will soon be able to wager online. The very first online sportsbooks in Connecticut will go live on October 7, 2021. This marks the first opportunity for Connecticut residents to legally bet sports online or to make wagers in live betting venues.
Governor Ned Lamont announced the October 7 launch on a local radio program. The arrival of sports betting marks the end of a long legislative journey. The process was also marked by unique restrictions on sports betting.
One such restriction is that no bets may be made on in-state college teams. College betting is allowed on out-of-state teams. There is an exception that would allow betting on Connecticut college teams when those teams are engaged in tournaments like March Madness.
Online sports betting in Connecticut is a part of a new tribal compact with the Mashantucket Pequots and the Mohegan. The Mohegan operate the Mohegan Sun while the Pequots run the Foxwoods casino. Both tribes will now be permitted to offer retail sports betting at their live facilities in addition to online sports wagering.
Both tribes have enjoyed success with their land-based casino operations. The casinos bring many tourists to Connecticut each year.
The sports betting menu for the Nutmeg State is expected to be vast. Wagering will be allowed on many professional sporting events. These will include basketball, baseball, and football. Sporting events from other countries will also be available.
Bettors will have to meet certain requirements before they can open an account. They will need to 21 years or age or older, and bettors must also be physically located in Connecticut. Verification measures will be in place to guarantee that these requirements are met.
Money line betting and points betting will both be offered. Bettors will also have the opportunity to wager on teasers and parlays. Tournaments are expected, and the online sportsbooks will likely offer loyalty programs for frequent bettors.
Online sports betting in the United States continues to expand at a rapid pace. Colorado, Iowa, Indiana, and Michigan have become some of the most recent states to allow online betting. Other states like Louisiana are in the process of setting up the framework for online betting following last year's approval of sports wagering.
Tax revenues from online sports betting have the ability to create needed funds for states. Some states have included wording in the sports betting laws which defines how the gaming revenues can be spent. Common interests include childhood education and infrastructure programs.
Connecticut is home to several successful college athletic programs. It is also the home of World Wrestling Entertainment.
The online sports betting in the state will be merged with retail betting shops. This will allow Connecticut residents to fund their online accounts or make withdrawals at a live facility. It is expected that numerous cities in the state will offer retail live sports betting.