Connecticut Sports Betting Handle Falls 12.6% Month-on-Month in April

Connecticut’s three licensed online sportsbooks generated a handle of $174 million in April, a decline of 12.6% from nearly $200 million produced in March 2024.

Ziv Chen - News Editor at Covers.com
Ziv Chen • News Editor
May 21, 2025 • 13:45 ET • 4 min read
Aneesah Morrow poses with WNBA commissioner Cathy Engelbert after being selected with the number seven overall pick to the Connecticut Sun in the 2025 WNBA Draft at The Shed at Hudson Yards.
Photo By - Vincent Carchietta-Imagn Images

Legal online Connecticut sports betting generated a handle of $174 million in April 2025. That’s a decline of 12.6% from nearly $200 million that sportsbooks produced in March 2024.

Key Takeaways

  • The Connecticut online sports betting handle has dropped by 12.6% month-on-month to $174 million in April 2025 
  • All three sportsbooks saw sports betting handles decline month-on-month
  • FanDuel Sportsbook bucks the trend with a significant improvement in month-on-month revenues

Three sportsbooks operate Connecticut online sports betting: DraftKings, FanDuel, and Fanatics.

FanDuel, which is partnered with the Mohegan Tribe, had the most significant handle in April 2025, seeing $76.6 million in bets, accounting for 44% of the state total. That was a decline of 11.6% from March 2025. 

Meanwhile, the Mashantucket Pequot Tribal Nation partnered with DraftKings Sportsbook, which generated a sports betting handle of $65 million, a 13.2% drop.

Fanatics Sportsbook, the partner of the Connecticut Lottery, brought in $32.5 million, falling from $37.6 million the month prior.

Revenues paint positive picture amid handle drop

While Connecticut sportsbooks will be disappointed that the sports betting handle dropped in April, it’s hardly a surprise considering the drop-off in popular sports.

The majority of March Madness is played in April, while the NBA regular season is in full swing. The NBA playoffs start at the back end of April, reducing the number of NBA games for betting.

Therefore, it’s not surprising that the betting handle dropped month-on-month. Other states like Michigan, where the handle dropped from $487.1 million to $426.9 million, and New York, with a fall from $2.4 billion to $2.1 billion, experienced similar declines.

However, DraftKings and Fanatics' minor revenue declines will provide positives for operators, and FanDuel will be delighted to see an increase month-over-month in revenues. 

FanDuel’s revenues increased from $5.2 million to $7.3 million despite a fall in sports betting handle. Meanwhile, DraftKings’ revenues declined from $5.2 million to $5.1 million despite bringing in almost $10 million less in handle.

The numbers for Fanatics' Connecticut online sports betting painted a similar picture, with its $2.1 million in April 2025 revenues only an 11.8% fall from the month prior.

Connecticut betting handle falls amid Kalshi investigation

The April 2025 sports betting handle figures will add more urgency to the current investigation from the Connecticut Department of Consumer Protection into Kalshi.

The federally regulated predictions market allows players to profit from sports and pop culture predictions, effectively eating into the market of regulated sportsbooks.

While there is no date for this investigation, CT sportsbooks will hope for a positive result to help protect market share and continue producing healthy revenue figures.   

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Ziv Chen
News Editor

Ziv has been deep in the iGaming trenches for over 20 years, long before most people could spell "geolocation compliance." With a background in marketing and business development at some of the biggest names in gambling tech, Ziv knows the industry from the inside out. Since joining Covers, he's turned his sharp eye (and sharper keyboard) toward everything happening in the fast-moving world of online gambling. Whether it's new state launches, the latest twists in regulation, or what the big operators and game providers are cooking up next, Ziv breaks it all down with clarity, context, and just the right amount of snark. He covers the business side of betting, from affiliate trends and revenue reports to the tech powering your favorite slots. His motto in writing is “let’s make it make sense without putting you to sleep.”

When he’s not tracking gambling legislation or looking for the next breaking story, Ziv is living and dying with every pitch and play from his beloved Pittsburgh Steelers, Pirates, and Penguins. As a Pitt graduate, it’s a city loyalty forged in heartbreak, but one he wouldn’t trade for anything, except maybe a few more playoff wins.

When away from the keyboard, Ziv loves to hit the road and soak up the energy of casinos. Whether strolling the neon jungle called the Vegas Strip, or wandering into a smoky riverboat casino in the Midwest, Ziv’s in his element. He’s the guy chatting with players, blackjack dealers, and asking pit bosses way too many questions, all in the name of “research,” of course. The casino floor isn’t just his workplace, it’s a weird and wonderful ecosystem of flashing lights, wild characters, and pure sensory overload, and he wouldn’t have it any other way.

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