Connecticut's betting and igaming market reported month-on-month revenue growth in March.<\/p>\n
Gross gaming revenue for the market reached $25.0m (19.1m\/23.0m) in March a 45.4% rise from $17.2m posted inFebruary. Year-on-year comparisons are not yet available, as legal online gambling did not launch untilOctober of last year.<\/p>\n
Gross gaming revenue (GGR) in Connecticut is calculated after promotions are deducted. Before these deductions, revenue came to $30.1m, a month-on-month rise of 39.4%.<\/p>\n
Online casino was the main draw for consumers in the state, with players wagering $568.3m with FanDuel and DraftKings. Before deductions from promotions, revenue totalled $22.6m, falling to GGR of $18.6m after bonuses and free bets were taken out.<\/p>\n
The Mashantucket Pequot Tribal Nation, which operates Foxwoods Casino and is partnered with DraftKings for online betting and gaming, retained top spot in the market with $10.2m in online casino revenue after promotional deductions.<\/p>\n
Consumers wagered $540.3m via Foxwoods and DraftKings, though $32.2m of this sum was credited as promotional bets.<\/p>\n
The Mohegan Tribe, which operates Mohegan Sun and is partnered with FanDuel, posted igaming revenue of $8.1m, having processed $271.6m in online casino wagers. A total of $903,992 in promotional coupons and credits were recorded for the month.<\/p>\n
Turning to sports betting, combined revenue from online and retail GGR for the month was $7.5m after promotional deductions. Prior to deductions, sports wagering revenue was $9.8m, while total handle for March was $140.7m.<\/p>\n
Online sports betting GGR after promotions was $6.7m, while for the retail market, which did not have any promotional offers, GGR reached $827,609.<\/p>\n
Mohegan Sun and FanDuel claimed first place in the online betting vertical, posting $3.5m in GGR after promotional deductions. This was ahead of the Foxwoods-DraftKings on $2.5m and the Connecticut Lottery, partnered with Rush Street Interactive, with $717,667.<\/p>\n
In terms of player spending, DraftKings and Foxwoods processed $61.5m in total bets for the month, with $829,706 credited as promotional bets. Players staked $56.3m in wagers via Mohegan Sun and FanDuel, $1.2m of which were promotional credits, and the CT Lottery $13.2m, with $307,246 noted as promotional.<\/p>\n
The CT Lotterys retail betting operation processed $8.8m in bets for March, and posted $827,609 in GGR for the month.<\/p>\n
<\/p>\n
More here: <\/p>\n
Connecticut betting and igaming revenue reaches $25.0m in March - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Connecticut's betting and igaming market reported month-on-month revenue growth in March. Continue reading