Since sports betting has become legal in Connecticut End of 2021Its popularity has increased – especially online. More than $ 6.2 billion was bet on Sports in Connecticut, or about $ 5.9 billion in this online line and $ 338 million in people.
So far this year, online bets and “retail” bets in person, as we know, have beaten the bets of last year during the same period. During the first two months of 2025, online sports betting totaled $ 381.2 million and retail bets totaled $ 17.6 million.
But the increase in retail bets has been unstable: the totals of 2025 so far are lower than the totals in 2023 for the same period. The growth of online bets, on the other hand, has not let go.
The first two months of 2024 and 2025 saw total online bets exceeding $ 284.3 million placed in January and February 2023, according to the Connecticut consumer protection departmentwhich regulates the game in the state.
The sports game was billed, at least in part, as a means of Increase tax revenue. And he has. In online betting, out of the total gross game revenues during every month and license holders, around 13.3% go to the state, because tax revenue and 3.0% go to the federal government in taxes.
In retail betting, on the total gross game income during every month and license holders, around 13.4% go to the state, because tax revenue and 2.5% go to the federal government in taxes.
Mars is a popular month for sports betting. Many occasional throws fill with supports for male and female NCAA Division I basketball tournaments, and the fantastic leagues of Major League Baseball lead their sketches.
On average, online monthly bets have increased to $ 63.5 million so far this year, compared to $ 39.5 million per month in 2022, according to the Connecticut consumer protection department. Retail sports betting was on average $ 8.2 million per month in 2022. This fell to $ 4.4 million per month in January and February this year – but March numbers are not yet in place.
So who benefits from all these sports betting?
In online betting, each dollar bet, around 91.7% come back to customers as gains, 1.35% goes to federal and state payments, and 6.9% are kept by operators as net revenues of play.
In retail betting, of each dollar bet, 90% goes to customers as gains, 1.6% goes to federal and state payments, and 8.4% is kept by operators as net income income.