Recent figures released by the Connecticut Department of Consumer Protection have shown that legal sports betting is continuing to grow — if only by the thinnest of margins.
The state's three regulated operators generated just under $165 million in handle for November — a slight increase from October's figure of $164.2 million but well above September ($130.5 million) and August ($80 million)
The win rate for the state's retail and online sports betting sites was a disappointing 8.5%, however, with the $14.1 million in Gross Gaming Revenue also a marginal increase from October's $12.6 million results.
A decline in retail sports betting (GGR dropped 19.9% despite the handle declining only 2.6%) offset the minimal gains made in mobile betting (GGR up 3.3%, handle up 0.5%) as Connecticut sports betting for the month resulted in $1.9 million worth of taxes paid to the state's general fund — a 9.2% monthly increase.
DraftKings and FanDuel battle yet again
The leader in terms of handle switched in November, as FanDuel finished barely ahead of DraftKings ($69.1 million to $69 million, respectively), after DK was $7 million in the clear in October
Despite the drop in wagers, DraftKings' revenue actually increased by about 14% MoM (to just under $5 million)... but it was well behind FanDuel's GGR of $7.3 million (a 14.1% increase over October).
SugarHouse, which offers mobile betting but is also the sole retail sports betting operator in the state (via the Connecticut Lottery) was a distant third with $16.3 million in online wagers... but also chipped in $10.6 million in retail handle — the second consecutive month Connecticut was above $10 million in retail wagers — and posted $1.9 million in total GGR.
