In May 2021, Gov. Ned Lamont signed a tribal gaming compact, solidifying an agreement between the state government and the Mashantucket Pequot and Mohegan tribes.
Both land-based and online sports betting were introduced a few months after this compact was signed.
Online sports betting is operational across the Nutmeg State, with players free to register and wager with three authorized Connecticut sportsbooks.
Connecticut sports betting revenue
Connecticut sports betting began on Sept. 30, 2021 with retail betting, and online betting began a few weeks later on Oct. 19. The Nutmeg State generated $2.18 billion in total sports betting handle in 2024.
Below is an outline of Connecticut's sports betting figures over the years:
Connecticut annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $2,116,630,000 | $232,567,000 | 11.1% |
| 2024 | $2,188,729,409 | $224,648,054 | 10.3% |
| 2023 | $1,762,933,823 | $174,817,802 | 10.10% |
| 2022 | $1,518,393,076 | $135,523,218 | 8.9% |
Connecticut 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $229,341,717 | $26,875,682 | 11.7% |
| Feb | $169,389,080 | $20,418,665 | 12.1% |
| Mar | $207,660,971 | $16,428,185 | 7.9% |
| Apr | $181,821,330 | $18,523,786 | 10.2% |
| May | $183,947,658 | $22,396,339 | 12.2% |
| June | $140,533,729 | $17,863,454 | 12.7% |
| July | $123,505,445 | $15,863,238 | 12.8% |
| Aug | $148,602,691 | $16,836,949 | 11.3% |
| Sept | $221,564,000 | $19,424,000 | 8.7% |
| Oct | $247,341,000 | $25,740,000 | 10.4% |
| Nov | $262,923,000 | $32,197,000 | 12.2% |
Connecticut 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $202,752,249 | $24,844,848 | 12.3% |
| Feb | $162,841,632 | $13,978,597 | 8.6% |
| Mar | $187,815,980 | $16,502,976 | 8.8% |
| Apr | $156,782,839 | $18,138,789 | 11.6% |
| May | $163,648,829 | $17,121,303 | 10.5% |
| June | $148,557,056 | $14,765,758 | 9.9% |
| July | $121,808,571 | $15,853,217 | 13.0% |
| Aug | $129,150,001 | $13,656,125 | 10.6% |
| Sept | $214,394,512 | $26,586,419 | 12.4% |
| Oct | $229,151,493 | $18,509,469 | 8.1% |
| Nov | $228,155,465 | $30,310,967 | 13.3% |
| Dec | $243,670,782 | $14,379,586 | 5.9% |
Connecticut 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $167,673,044 | $17,562,322 | 10.5% |
| Feb | $136,508,300 | $10,866,536 | 8.0% |
| Mar | $159,997,579 | $16,509,118 | 10.3% |
| Apr | $126,600,000 | $13,146,672 | 10.4% |
| May | $109,421,369 | $14,926,294 | 13.6% |
| June | $91,414,677 | $8,879,045 | 9.7% |
| July | $91,512,897 | $10,624,363 | 11.6% |
| Aug | $91,316,807 | $9,251,667 | 10.1% |
| Sept | $180,954,956 | $18,718,687 | 10.3% |
| Oct | $189,626,160 | $19,428,117 | 10.2% |
| Nov | $205,736,989 | $12,524,037 | 6.1% |
| Dec | $212,171,045 | $22,380,944 | 10.5% |
Connecticut 2022 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $158,092,481.00 | $11,187,162.00 | 7.10% |
| Feb | $115,619,953.00 | $5,028,912.00 | 4.30% |
| Mar | $140,747,137.00 | $10,130,861.00 | 7.20% |
| Apr | $116,465,199.00 | $9,519,496.00 | 8.20% |
| May | $115,180,155.00 | $9,353,193.00 | 8.10% |
| Jun | $95,421,852.00 | $6,398,056.00 | 6.70% |
| Jul | $78,316,775.00 | $7,743,423.00 | 9.90% |
| Aug | $78,539,367.00 | $10,091,279.00 | 12.80% |
| Sep | $130,547,719.00 | $16,989,682.00 | 13.00% |
| Oct | $164,170,106.00 | $15,898,881.00 | 9.70% |
| Nov | $165,026,282.00 | $17,414,783.00 | 10.60% |
| Dec | $160,266,050.00 | $15,767,490.00 | 9.80% |
Connecticut sports betting at a glance
- Launch date: October 2021
- Regulator: Connecticut Department of Consumer Protection (DCP), Gaming Division
- Latest reported month: September 2025
- Lifetime handle: $7,420,497,780
- Lifetime revenue: $773,489,650
- Last updated: December 24, 2025
Note: Connecticut reports sports betting revenue on a monthly basis. Figures below reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in Connecticut
Connecticut legalized sports betting in May 2021, with both online/mobile and retail wagering officially launching in October 2021 under the oversight of the Connecticut Department of Consumer Protection.
The state’s sports betting market operates under a tribal-led model, with Connecticut’s federally recognized tribes holding primary authority to offer sports wagering through their casinos and affiliated online sportsbook partners. Retail sportsbooks are located at tribal casino properties, while online and mobile betting accounts for the majority of statewide activity.
Each month, the Connecticut Department of Consumer Protection publishes official sports wagering reports detailing handle, gross gaming revenue, and tax collections. These reports combine online and retail results and serve as the authoritative source for tracking market performance.
Because Connecticut’s sports betting ecosystem is built around a limited number of tribal operators and a tightly controlled licensing structure, its market figures are best evaluated within the context of its compact, highly regulated framework rather than through direct comparison with broader or more competitive state markets.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
Home team advantage: CT sports
Backing your hometown professional sports teams feels good, but it can cause serious damage to your bankroll. Read over our how to bet guides before backing your favorite team on CT sports betting sites.
Although no scheduled fights are coming to the Nutmeg State, the best UFC betting sites and top boxing betting sites allow you to easily browse the markets and back fighters you can cheer on as passionately as your hometown teams.
Connecticut sports betting law
When Gov. Lamont signed the tribal gaming compact with two local tribes in May 2021, both land-based and online sports betting followed shortly after.
Here's how the legal Connecticut sports betting market looks in 2026:
- The Connecticut State Department of Consumer Protection (CTDCP) is responsible for the regulation of sports wagering.
- Only individuals 21 and older can legally wager on sports in Connecticut.
- Retail sports betting is active at two locations: Foxwoods and Mohegan Sun, respectively. The Connecticut State Lottery has a runway to operate 15 retail sportsbooks.
- Three betting licenses have been issued with three accompanying online betting sites: DraftKings, FanDuel, and Fanatics Sportsbook.
- Connecticut sports betting revenue is taxed at 13.75% (retail) and 18% (online).
- Connecticut law allows wagering on esports and online casinos.
- College sports betting is allowed, except for wagers on Connecticut-based teams.
- Horse racing is legal, but there are no CT horse racetracks currently in operation.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
Pages related to this topic
