Menu

House of CardsĀ®

Blog

Connecticut Operators Generate $132 Million In Sports Betting Handle In First Full Month from US Bets Jill R Dorson

Connecticut’s Department of Consumer Protection on Thursday morning shared its revenue report for the first full month of digital sports betting and iCasino, and DraftKings led in November in terms of wagering handle on both fronts — but trailed rival FanDuel in sports betting revenue.

Get $9 Off Your Order of $35+ at Drizly Using Code TREATYOSELF!

Partnered with Foxwoods Casino (Mashantucket Pequot Tribe), Boston-based DraftKings took in $60 million in sports betting handle and came away with $5.1 million in gross revenue, compared to FanDuel’s $59 million in handle and nearly $6 million in gross revenue. The numbers were more lopsided in iCasino. Though casino handle is a rarely cited statistic, DraftKings outdistanced FanDuel (which is partnered with the Mohegan Sun Casino) $416 million to $275 million in dollars wagered, and came out ahead, $7.9 million to $5.9 million, in gross online casino revenue.

The Connecticut Lottery, which offers digital sports betting via Sugarhouse, took $8.5 million in wagers in November. By law, the lottery cannot offer iCasino.

All totaled, the three entities took $127.5 million in online sports wagers plus another $4.7 million retail, earned combined sports betting revenue of $12.6 million, and paid the state of Connecticut about $1.75 million in sports betting tax revenue, based on a tax rate of 13.75%.

CONTINUE READING

Go Back

Comment

Blog Search

Blog Archive

Comments

There are currently no blog comments.