Since it is not a casino game, there is no exclusivity and Connecticut has the right to decide who should offer legal Sports Betting. The only real hurdle in the way of progress remains insistence that the Tribes alone have the right to offer Sports Betting in Connecticut under a monopoly or duopoly. Without sufficient competition, the consumer will have to accept the price set by the sole operator.
Connecticut is fortunate to have four established, licensed gaming operators who can offer competitive Sports Betting options within the structures of their existing businesses and without a proliferation of new gaming operators in the State. The Compacts are not a one-way street. A broken Compact also could open the State to new in-state casino competition. The financial risks to the Tribes of breaking the Compacts are severe. For more on the topic of who should be allowed to offer legal sports betting in Connecticut, read our opinion piece.
Estimated amount spent every year on illegal Sports Betting in Connecticut. New tax revenue experts say could be generated by Sports Betting in Year 1. New tax revenue experts say could be generated in the first 5 years. The time to move on Sports Betting is now. New Sports Betting legislation will keep gaming tax revenue and jobs in the State. A history of support for Sports Betting in Connecticut.
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