Connecticut’s sports betting market has seen a staggering $6 billion in handle since its legalization in October 2021. Now, lawmakers are contemplating a bill, SB01464, that could introduce a cap on online sports betting wagers. This bill, introduced in the Senate’s Joint Committee on General Law, aims to join the Multi-State Internet Gaming Agreement (MSIGA), allowing online poker players to compete across state lines. However, it also includes a clause to limit online sports bets, with the specific cap to be determined by the Commissioner of Consumer Protection. This move could impact high-stake bettors and potentially reduce state tax revenues. The state’s betting sector has shown significant growth, with the top five monthly betting handles occurring between September last year and January this year. If passed, SB01464 could reshape Connecticut’s online gambling landscape.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
