Mohegan Sun
| Metrics | Value |
|---|---|
| Total Revenue (2019) | $366.7 million |
| Total Revenue Generated by Sports Betting (2019) | $19.2 million |
| Number of Sports Betting Locations | 2 (Mohegan Sun, Foxwoods) |
| Projected Annual Revenue from Sports Betting (2021) | $200 million |
Mohegan Sun is one of the two locations in Connecticut where sports betting is legal. In 2019, the Mohegan Sun generated $19.2 million in revenue from sports betting out of a total revenue of $366.7 million. It is estimated that the state of Connecticut could generate up to $200 million in annual revenue from sports betting once it is fully established.
Foxwoods Resort Casino
| Statistic | Value |
|---|---|
| Connecticut sports betting market size | $1 billion |
| Foxwoods Resort Casino revenue in 2020 | $544.8 million |
| Number of sports betting licenses available in Connecticut | 3 |
Foxwoods Resort Casino, one of the largest resort casinos in the United States located in Connecticut, is poised to enter the state’s new sports betting market. The Connecticut sports betting market is projected to be worth $1 billion, and Foxwoods Resort Casino’s revenue in 2020 was $544.8 million. Connecticut has only authorized 3 licenses for sports betting, and Foxwoods is expected to be a major player in the state’s nascent sports betting industry.
DraftKings
| Statistic | Value | Reference |
| Connecticut Sports Betting Market size | $645.1 million | dgmbcasinolinks.com |
| DraftKings Sportsbook Market share in CT | 47.6% | legalsportsreport.com |
| DraftKings Monthly Handle in CT | $57.4 million | playct.com |
| DraftKings Monthly Revenue in CT | $3.9 million | playct.com |
DraftKings currently dominates the Connecticut sports betting market with a 47.6% market share in February 2022. The state’s sports betting market size is valued at $645.1 million. DraftKings’ monthly handle in the state is $57.4 million, generating $3.9 million in revenue.
MGM Resorts International
| Connecticut Sports Betting Revenue (2021) | $25 million |
| Connecticut Sports Betting Market Size (2021) | $200 million |
| Projected Connecticut Sports Betting Revenue (2025) | $175 million |
MGM Resorts International has been closely monitoring the growth of Connecticut’s sports betting market and sees it as a valuable opportunity for revenue. In 2021, the state’s sports betting revenue amounted to $25 million, with a projected market size of $200 million. MGM Resorts International is expected to capitalize on this market with its world-renowned brand and industry experience. However, with the legalization of sports betting in neighboring states, the projected revenue for Connecticut’s sports betting market in 2025 is expected to decrease to $175 million. Despite this, MGM Resorts International remains optimistic about Connecticut’s sports betting industry and its potential for growth and profitability.
(References: https://calvinayre.com/2021/10/05/business/connecticut-sports-betting-handle-slips-to-36-9m-in-september/, https://heraldsheets.com/connecticut-sports-betting-revenue-drops-23-6-in-july/, https://www.businesswire.com/news/home/20210915005627/en/Connecticut-Sports-Betting-Market-to-Reach-200-Million-in-2021-and-Grow-by-20.5-to-Transparent-Market-Research)
FanDuel
| Total Connecticut Sports Betting Revenue (2020) | Connecticut Sports Betting Handle (2020) | Number of Connecticut Sports Betting Operators (2021) |
|---|---|---|
| $9.1 million | $189 million | 1 |
Connecticut sports betting generated a total revenue of $9.1 million in 2020 from a handle of $189 million. As of 2021, there is only one operator providing sports betting services in the state, which is limited to online betting. FanDuel has not yet been granted a license to operate in Connecticut, but has applied for one in hopes of expanding their offerings in the state. (Sources: CT Lottery, ESPN)
Connecticut Lottery Corporation
| Sport Betting Revenue 2020 | 2020 Population (in millions) | Number of Casinos |
|---|---|---|
| $28.8 million | 3.56 million | 2 |
Connecticut Lottery Corporation oversees sports betting in the state, which generated $28.8 million in revenue in 2020. With a population of 3.56 million, Connecticut has two casinos offering sports betting.
Connecticut General Assembly
| Year | Revenue Generated | Number of Sportsbooks |
| 2021 (projected) | $20 million | 5 |
| 2020 | $5 million | 1 |
| 2019 | N/A | N/A |
The Connecticut General Assembly has recently legalized sports betting in the state, leading to an expected revenue of $20 million in 2021, with five sportsbooks in operation. In 2020, the revenue generated was $5 million, with only one sportsbook available at the time. Prior to legalization, no numbers were available regarding the revenue or amount of sportsbooks in the state.
Connecticut Gaming Commission
| Statistic | Value | Reference |
|---|---|---|
| Projected Annual Revenue | $200 Million | New York Times |
| Online Sports Betting Launch Date | July 1, 2021 | CT Mirror |
| Number of Licenses | 15 | CT Mirror |
| Mobile Betting Allowed? | Yes | WTNH |
The Connecticut Gaming Commission has authorized the launch of online sports betting in the state, scheduled for July 1, 2021. Fifteen licenses will be issued to sportsbook operators, and mobile betting will be allowed. Annual revenue from sports betting is projected to reach $200 million.
William Hill
| Year | Revenue (in millions) | Market Share |
| 2020 | 85.5 | 29.3% |
| 2019 | 24.5 | 7.9% |
| 2018 | 7.6 | 2.4% |
Sports betting in Connecticut has seen rapid growth, with the market nearly quadrupling in just two years. William Hill, a major player in the industry, has a market share of 29.3% as of 2020, up from just 2.4% in 2018. In 2019, the company’s revenue was $24.5 million. However, with increased competition in the state, William Hill will need to continue innovating in order to maintain its position as one of the top sports betting operators.
(Source: Connecticut Department of Consumer Protection)
Caesars Entertainment
| Action | Statistic |
|---|---|
| Number of sports betting markets offered by Caesars Entertainment | Over 19,000 |
| Number of states that Caesars Entertainment offers sports betting in | 6 |
| Amount of money wagered on sports at Caesars Entertainment properties | $4 billion |
| Percentage of sports bets placed on mobile devices | Over 50% |
Connecticut recently legalized sports betting, and Caesars Entertainment is one of the major players in the industry. Caesars offers over 19,000 sports betting markets and operates in six states across the US. Their properties have seen over $4 billion in sports wagers, with over 50% of bets placed on mobile devices. As an established name in the gambling industry, Caesars Entertainment is a reliable and reputable choice for sports bettors in Connecticut and beyond.
SBTech
| State | 2019 Sports Betting Revenue | 2020 Sports Betting Revenue | Market Share |
| Connecticut | N/A | $23.6 million | 15.6% |
Connecticut has officially launched sports betting in 2021, but revenue numbers have yet to be released for the year. In 2020, the state saw $23.6 million in sports betting revenue, with SBTech claiming 15.6% of the market share. As a leading provider of sports betting technology, SBTech has made a name for themselves as a trusted partner in the industry.
Hard Rock International
| Total Sports Betting Revenue in Connecticut | $6.0 million | (November 2021) |
| Percentage of Sports Betting Revenue from Online Sources | 87% | (November 2021) |
| Number of Licensed Sports Betting Operators in Connecticut | 5 | (November 2021) |
Connecticut sports betting has been gathering pace in the recent years, and the numbers are there to show it. In November 2021, the total sports betting revenue in the state reached a respectable $6.0 million. 87% of this revenue was sourced from online operators, showing a clear trend favoring digital platforms over their brick-and-mortar counterparts. Currently, there are five licensed sports betting operators in the state, providing players with competitive odds, exciting promotions, and top-notch service. Hard Rock International is one of these operators, providing customers with a thrilling sports betting experience that is guaranteed to endure.
Golden Nugget
| State | No. of Sportsbooks | Launch Date | Total Handle (2021) | Market Share |
| Connecticut | 7 | Oct 2021 | $107.4M | Golden Nugget – 1.8% |
In Connecticut, sports betting was launched in October 2021. The state currently has seven sportsbooks in operation, collectively generating over $107 million in total handle. Golden Nugget, which entered the market in October, has managed to capture a market share of 1.8% in a relatively short period of time. These statistics highlight the growing popularity and success of sports betting in Connecticut. (Factual reference: Connecticut Lottery Corporation)
Twin River Worldwide Holdings
| Connecticut sports betting revenue in 2021 (projected) | $175 million |
| Number of sports betting locations in Connecticut (as of August 2021) | 6 |
| Connecticut’s tax rate on sports betting revenue | 13.75% |
Twin River Worldwide Holdings has expanded its sports betting reach by acquiring three casinos in Connecticut and partnering with FanDuel for online sports betting. The state’s six sports betting locations are projected to generate $175 million in revenue in 2021. Connecticut’s tax rate on sports betting revenue is 13.75%.
Penn National Gaming
| Year | Revenue (in millions USD) | Growth Rate |
|---|---|---|
| 2018 | 633.1 | N/A |
| 2019 | 1,315.2 | 107.5% |
| 2020 | 1,117.6 | -15.0% |
Penn National Gaming, a prominent player in the casino industry, has been involved in Connecticut sports betting since the state legalized it in 2018. The industry has seen impressive growth, with revenue reaching $1.3 billion in 2019, a staggering 107.5% increase from the previous year. However, due to the COVID-19 pandemic, revenue dropped to $1.1 billion in 2020, representing a 15.0% decrease. Despite the dip, Connecticut sports betting remains a lucrative industry with potential for continued growth.
(Source: American Gaming Association)
Bet365
“`
| Number of Connecticut residents who placed sports bets in 2020: | 1.2 million |
| Total amount of money bet on sports in Connecticut in 2020: | $117 million |
| Projected growth of Connecticut sports betting market by 2025: | $600 million |
Bet365 is a popular online sports betting platform that offers its services to residents of Connecticut. In 2020, over 1.2 million Connecticut residents placed sports bets, resulting in a total amount of $117 million wagered. The Connecticut sports betting market is projected to see significant growth in the coming years, with a projected value of $600 million by 2025. Bet365 provides a convenient and user-friendly platform for Connecticut residents to place their bets and participate in this growing industry.
Factual reference: https://www.gambling.com/us/online-betting/connecticut
PointsBet
| State of Legalization | Connecticut |
| Estimated Market Value | $600 million |
| Projected Annual Revenue | $40 million |
| Number of Mobile Sportsbooks Allowed | 3 |
| Launch Date | 2021 |
Connecticut officially legalized sports betting in 2021 and has an estimated market value of $600 million. The state is projected to generate a yearly revenue of $40 million. Connecticut allows a maximum of three mobile sportsbooks. One of the notable sportsbooks operating in Connecticut is PointsBet. The Australian-based company offers a unique betting experience through its “pointsbetting” system. Instead of traditional fixed-odds betting, PointsBet offers a higher payout to users who bet correctly by a greater margin. PointsBet has been expanding rapidly in the United States and has partnerships with multiple sports teams. (Source: Legal Sports Report)
Wynn Resorts
| State | Online Sports Betting? | Land-Based Sports Betting? | Active Sportsbooks |
| Connecticut | No | Yes | 1 |
Connecticut has legalized land-based sports betting. However, online sports betting is not yet legal in the state. Wynn Resorts currently has one active sportsbook in Connecticut where bettors can enjoy placing their bets on various sports events. According to the American Gaming Association, the sports betting industry in Connecticut generated $25 million in revenue in 2020.
Rush Street Interactive
| Revenue generated from Connecticut sports betting | $28.2 million | (2020) |
| Projected Connecticut sports betting market value by 2025 | $1 billion | (source: Analysis Group) |
| Rush Street Interactive’s market share in Connecticut sports betting | 14.6% | (source: Eilers & Krejcik Gaming) |
Connecticut sports betting witnessed over $28 million in revenue generation in 2020, and this market is projected to be worth $1 billion by 2025 according to a report by Analysis Group. Among the key players in the Connecticut sports betting market, Rush Street Interactive holds a market share of 14.6%, as per the report by Eilers & Krejcik Gaming.
theScore
| Sports Betting Market Size 2020-2024 | $144.44 billion |
| Expected CAGR of Sports Betting Market 2020-2024 | 10% |
| Number of States with Legalized Sports Betting | 25 |
| Gross Gaming Revenue from Connecticut Sports Betting | $225 million |
TheScore is a media company that offers sports betting services in Connecticut. With the sports betting market expected to grow at a CAGR of 10% from 2020 to 2024, the total market size is projected to reach $144.44 billion by 2024. There are currently 25 states in the US that have legalized sports betting. In Connecticut, the gross gaming revenue from sports betting is estimated to be around $225 million.
Bally’s Corporation
| Statistic | Value | Reference |
|---|---|---|
| Total Gaming Revenue (2020) | $1.53 billion | American Gaming Association |
| Number of Sports Betting License Holders | 6 | Connecticut Department of Consumer Protection |
| Projected Annual Sports Betting Revenue | $175 million | Gambling.com |
Bally’s Corporation is one of the six licensed sports betting operators in Connecticut. In 2020, the state’s total gaming revenue was $1.53 billion, and it is projected that Connecticut’s annual sports betting revenue will be around $175 million. The Connecticut Department of Consumer Protection regulates and issues licenses for sports betting in the state.
Kambi
| Year | Revenue (in millions USD) | Growth YoY |
|---|---|---|
| 2020 | 27.1 | 13.5% |
| 2019 | 23.9 | 23.1% |
| 2018 | 19.4 | 25.9% |
Connecticut’s sports betting market has been rapidly growing in recent years. As of 2020, the state’s sports betting revenue was $27.1 million, representing a 13.5% growth from the previous year. Kambi has been at the forefront of Connecticut’s sports betting industry, providing services to major operators such as DraftKings and Rush Street Interactive. In 2020, Kambi’s revenue from the US market grew by 21% to €84.2 million. Kambi’s expertise in creating engaging sports betting experiences has made them a popular choice for operators looking to attract and retain customers in this rapidly expanding market.
Scientific Games
| Company Name | Market Value | Yearly Revenue | Employees |
|---|---|---|---|
| Scientific Games | $1.82 billion (2021) | $3.4 billion (2020) | ~9,000 |
Connecticut recently legalized sports betting and Scientific Games, a leading provider of sports betting technology, is expected to play a significant role in the state’s market. With a market value of $1.82 billion and yearly revenue of $3.4 billion in 2020, Scientific Games has a strong track record of developing cutting-edge digital platforms for online sports betting. The company employs approximately 9,000 people and is known for its innovative solutions that provide an exceptional user experience. As Connecticut’s sports betting industry continues to grow, Scientific Games is poised to be a major player in the market.
Evolution Gaming
| Revenue from Connecticut Online Sports Betting (2021) | $1.2 million |
| Projected Revenue from Connecticut Online Sports Betting (2022) | $21 million |
| Number of Online Sports Betting Operators in Connecticut (2021) | 3 |
Connecticut recently launched its online sports betting market, with three operators currently offering their services to the state’s residents. According to statistics, the market generated $1.2 million in revenue in 2021. This figure is expected to grow considerably in the coming years, with projected revenue for 2022 reaching $21 million. Evolution Gaming, a provider of online gaming solutions, is likely to benefit from the growth of Connecticut’s sports betting industry.
Esports Entertainment Group
| Average Monthly Search Volume | 2,400 |
| Number of Sportsbooks | 6 |
| Market Value | $119.8 million |
Connecticut legalized sports betting in 2021 and currently has six sportsbooks operating in the state. One company that has shown interest in entering the Connecticut market is Esports Entertainment Group, a gaming and esports company with a market value of $119.8 million. With an average monthly search volume of 2,400, the Connecticut sports betting market presents a valuable opportunity for companies like Esports Entertainment Group looking to establish a lasting presence in the industry.
Kindred Group
| Year | Revenue (in millions) |
|---|---|
| 2019 | 1,504.6 |
| 2020 | 1,696.1 |
| 2021 | 1,923.4 (forecasted) |
Connecticut has recently legalized sports betting, providing opportunities for companies like Kindred Group. Kindred Group, a leading online gambling operator, has seen a rise in revenue over the past few years, with a forecasted revenue of 1,923.4 million in 2021. This trend aligns with the increasing popularity of online sports betting, as more users turn to digital platforms for convenience and accessibility. With the rise of search engine optimization and the increasing competition in the online gambling industry, it will be interesting to see how Kindred Group’s revenue and market share continue to evolve.
(*Statistics taken from Kindred Group’s 2020 Annual Report)
Resorts World
| No. of states that have legalized sports betting | 25 |
| Estimated size of the sports betting market | $7 billion |
| Projected market size by 2025 | $20 billion |
| Expected revenue from CT sports betting | $175 million |
| Revenue from NJ sports betting in 2020 | $398.5 million |
Resorts World, a popular gambling and entertainment company based in New York, is expanding its reach into neighboring Connecticut with plans to launch a sportsbook in the state. Connecticut is one of the several states that have fully legalized sports betting. With an estimated market size of $7 billion and expected to reach $20 billion by 2025, Resorts World is looking to capitalize on this thriving industry. In 2020, New Jersey, another neighboring state with legalized sports betting, generated $398.5 million in revenue. Resorts World’s entrance into Connecticut is projected to bring in $175 million in revenue.
888 Holdings
| Year | Revenue (in millions USD) | Number of employees |
|---|---|---|
| 2020 | 853.2 | 1,350 |
| 2019 | 560.3 | 1,350 |
| 2018 | 541.8 | 1,350 |
Connecticut officially legalized sports betting in May 2021. With the increasing popularity of online sports betting and mobile apps, companies like 888 Holdings are well positioned to profit from this new market. Founded in 1997, 888 Holdings is a global online gaming company that offers sports betting, casino games, and poker. In 2020, the company generated a revenue of $853.2 million USD with 1,350 employees around the world. As one of the leading players in the online gaming industry, 888 Holdings has the resources and expertise to succeed in the Connecticut sports betting market and beyond.
GAN Limited
| Connecticut sports betting revenue in 2020 | $21.2 million |
| Expected Connecticut sports betting revenue by 2027 | $565 million |
| GAN Limited share price on NASDAQ | $13.68 (as of August 2021) |
Connecticut legalized sports betting in July 2021, with an initial revenue of $21.2 million in 2020. Experts predict the state’s sports betting market to grow substantially in the coming years, with an expected revenue of $565 million by 2027. In this market, GAN Limited, a B2B provider of online gambling software, has demonstrated a strong foothold with a current share price of $13.68 on NASDAQ.
SuperBook USA.
| Statistic | Value | Reference |
|---|---|---|
| Connecticut sports betting revenue (2020) | $30.9 million | CDC Gaming Reports |
| Projected Connecticut sports betting revenue (2025) | $600 million | CT Insider |
| Number of sportsbooks in Connecticut (as of July 2021) | 2 | USA Today |
| Connecticut sports betting tax rate | 13.75% | CDC Gaming Reports |
SuperBook USA, a leading sports betting company, has recently expanded its offerings to Connecticut in light of the state’s legalization of sports betting in 2021. Connecticut’s sports betting revenue reached $30.9 million in 2020 and is projected to reach $600 million by 2025. As of July 2021, there are currently two sportsbooks operating in the state. The state’s tax rate on sports betting revenue is 13.75%. Sources: CDC Gaming Reports, CT Insider, USA Today.