A strong summer for iGaming in Connecticut continued into August.
Online gambling handle (amount wagered) in Connecticut increased 20.5% from July, the fifth time in six months that the handle has increased from the previous month.
Revenues also rose, but not as much, rising 6.4% from July to August.
Sports betting handle and revenue also rose in August compared to Connecticut’s revenue report for July.
Connecticut Online Gambling Breakdown
The online casino‘s handle for August was $851,911,027, an increase of more than $145 million from July’s $706.7 million.
Popular gambling options such as online roulette, blackjack, and poker have kept Connecticut’s online operators’ momentum going.
About $449.5 million in the handful came from the Mashantucket-Pequot Tribe, then Mohegan Digital at $398.9 million. Mobile bets made on bookings accounted for approximately $3.5 million combined.
Total taxable gambling income from online gambling was $17,726,085 in August, up 6.4% from July ($16,655,426). The state’s share of revenue increased by the same percentage, from nearly $3 million to $3.19 million, according to figures from the Connecticut State Department of Consumer Protection.
Connecticut is one of six states with the best US online casinos. The Nutmeg State was the most recent market to launch, starting in October 2021. Other states that have legal and regulated iGaming include Michigan, New Jersey, Pennsylvania, Virginia- Western and Delaware.
These states plus Nevada have online poker.
August was the first full month with Evolution Gaming’s live studio in Fairfield. This facility launched on July 18 with access to DraftKings Casino and FanDuel Casino games.
Connecticut Sports Betting, August vs July
Connecticut sports betting rebounds
Last month ended a four-month streak of declining sports betting management. Total sports betting last month was $80,037,045, up 2.2% from $78.3 million in July.
The mobile sports betting component was almost identical – increasing 0.1% from $72.94 million in July to just over $73 million.
An interesting development was that retail sportsbook management rose 30.5% in August to just over $7 million from $5.38 million in July. Maybe the Connecticut Sun’s run to the WNBA playoffs has something to do with attracting more physical sports betting bets. The Sun went to the WNBA Finals before losing the best of five series 3-1 to Las Vegas, with the Aces winning Game 4 on Sunday.
The Sun play their home games at Mohegan Sun Arena, inside the Mohegan Sun Casino in Uncasville.
Total taxable gambling income for sports betting in August was $8,386,361, of which $7,407,202 was online, up 34.2% from $6.25 million in July. State tax revenue was just over $1.15 million in August.