Online casino

Connecticut Betting and Gaming Revenue Hits $25.0 Million in March – Online Casino

The Connecticut betting and gambling market saw monthly revenue growth in March.

Gross gaming revenue for the market reached $25.0m (£19.1m/€23.0m) in March, a 45.4% increase from 17.2 million posted in February. Year-on-year comparisons are not yet available, as legal online gambling only launched in October last year.

Connecticut Gaming Gross Revenue (GGR) is calculated net of promotions. Before these deductions, revenues were $30.1 million, a monthly increase of 39.4%.

The online casino was the main draw for consumers in the state, with players wagering $568.3 million with FanDuel and DraftKings. Before promotions deductions, revenue totaled $22.6 million, falling to GGR of $18.6 million after bonuses and free bets were removed.

The Mashantucket Pequot Tribal Nation, which operates Foxwoods Casino and is associated with DraftKings for online betting and gaming, retained its top spot in the market with $10.2 million in online casino revenue after promotional deductions.

Consumers bet $540.3 million via Foxwoods and DraftKings, although $32.2 million of that sum was credited as promotional bets.

The Mohegan Tribe, which operates Mohegan Sun and is in partnership with FanDuel, recorded igaming revenue of $8.1 million, after processing $271.6 million in online casino bets. A total of $903,992 in promotional coupons and credits were recorded for the month.

In sports betting, GGR’s combined online and retail revenue for the month was $7.5 million after promotional deductions. Before deductions, sports betting revenue was $9.8 million, while the total amount for March was $140.7 million.

The online sports betting GGR after the promotions was $6.7 million, while for the retail market, which had no promotional offers, the GGR reached $827,609.

Mohegan Sun and FanDuel took the top spot in the online betting vertical, posting $3.5 million in GGR after promotional deductions. That was ahead of the Foxwoods-DraftKings with $2.5 million and the Connecticut Lottery, in partnership with Rush Street Interactive, with $717,667.

In terms of player spending, DraftKings and Foxwoods processed $61.5 million in total bets for the month, with $829,706 credited in promotional bets. Players wagered $56.3 million in wagers through Mohegan Sun and FanDuel, of which $1.2 million were promotional credits, and the CT Lottery $13.2 million, with $307,246 noted as promotional.

The CT Lottery’s retail betting operation processed $8.8 million in wagers for March and posted $827,609 in GGR for the month.