Connecticut Online Gaming & Sports Betting Numbers Down in June
June was a down month for Connecticut online casinos as well as for sports betting in the state.
The iGaming handle last month in the state was $675,500,739, down 12.7% from the $774.15 million reported in May.
The online casino total taxable gaming revenue in June also declined, but not as much. It went down 1.7% from the $16,575,801 in May to $16,299,190 in June. The state revenue share dropped from $2,983,644 to $2,936,382.
Here are three takeaways from Connecticut gaming in June.
Connecticut iGaming Options Expand
The summer might be a down time for revenue and handle numbers reported by the Connecticut State Department of Consumer Protection, but that does not mean the news is all bad in the Nutmeg State.
Far from it.
The DraftKings Casino in Connecticut is offering the state’s online players new gaming options from the Bragg Gaming Group, it was announced this month.
Connecticut became the sixth state where Bragg has real money online gaming options available. Bragg released an initial output of 11 games in Connecticut with plans to launch more.
Live Studio Opens in Fairfield
Gov. Ned Lamont announced this month that Evolution Gaming launched a live studio operation in the state, another step toward Connecticut gaining some of the online wagering options that more mature markets such as New Jersey and Pennsylvania can boast.
Evolution’s live studio had a full launch July 18 after a week-long soft launch.
The studio offers FanDuel Casino games as well as DraftKings options. Evolution said in a news release that it already had hired 140 workers, with plans to hire about 400 total.
Connecticut Sports Betting, June vs. May
Connecticut Sports Betting Dips Below $100M
Sports betting dipped under $100 million in a month for the first time in a full month since Connecticut launched its market in mid October 2021.
The previous low for a full month was $115.1 million in May.
These kinds of drops are standard procedure nationwide at a time of year when there is no NFL or college football and no March Madness. Look for a big spike in September when football returns.
In the meantime, June’s total sports betting handle was $94,924,541, down 17.6% from May ($115,180,155). The mobile handle once again accounted for the vast majority of the action (93.1%) and reported at $88.36 million, a drop from $107.75 million in a month-over-month comparison.
The retail sports betting handle fell 11.8%, from $7.43 million in May to $6.56 million.
The total taxable gaming revenue from sports wagering in June was $4,868,746 ($4,347,493 online, $521,253 retail), down 31.8% from May ($7,136,757). The state revenue share fell by the same percentage, from $981,304 to $669,453.