Similar to other states across the country, Connecticut saw an increase in sports betting activity because of March Madness.
Connecticut reported a monthly handle of $140.7 million, an increase of 21.7% from February’s $115.6 million.
$1,000 No Sweat First Bet
Online betting made up $131.9 million of the handle, up 21.3% from February’s $108.8 million. Retail bets accounted for $8.8 million of the handle, an increase of 28.5% from February’s $6.8 million.
The total taxable gaming revenue from Connecticut sports betting was $7.5 million in March ($6.7 million online, $827,609 retail), up 106.9% from February’s $3.6 million.
The state’s revenue share for March came to $1 million ($923,774 online, $113, 796 retail) an increase of 106.9% from February’s $501,516.
Connecticut Sports Betting, March vs. February
|Total handle||Mobile handle||Revenue|
|Change||Up 21.7%||Up 21.3%||Up106.9%|
2nd Chance Free Bet Up To $500
Connecticut’s Online Casino Numbers
Online casinos in Connecticut took in $820.9 million in bets, 10.4% higher than February’s $743.9 million.
The state’s online casino total taxable gaming revenue was $18.3 million, up 6.9% from February’s $17.1 million.
Connecticut’s state revenue share from online casinos was $3.3 million, up 6.9% from February’s $3.1 million.
Connecticut Problem Gambling Hotline Sees Increased Call Activity
Since Connecticut went live with its online sports betting and internet casino platforms, calls to the state’s problem-gambling hotline have risen 203% since Oct. 12.
Diana Goode, the council’s executive director, told CT Insider that in order to take the increased calls, she’s had to hire two more workers, giving her a staff of five to assist problem gambling calls.
“I kind of was blindsided by that because normally it takes a little while for problem gamblers to hit rock bottom and to think that they have a problem,” Goode told CT Insider.
$1,000 No Sweat First Bet
Not all the calls have been about problem gambling. Some have been attempting to log into their accounts, and other calls have not pertained to any issues about addictive gambling behavior.
But, according to stats from the Connecticut Council on Problem Gambling, the number of people seeking help controlling their gambling has risen 126% over the last six months.
“We believe that ultimately, the most effective programs stop problem gambling behaviors before they start,” Annika Howard, the president of Mashantucket Pequot Interactive, told CT Insider. “To that end, we are developing a comprehensive plan covering education, prevention and treatment.”
Those with a gambling problem can apply for voluntary self-exclusion. Since the list started taking applicants on Sept. 24, 739 people have decided to self-exclude from gambling activities.
Source: Read Full Article