Connecticut Considers Sports Betting

Lawmakers in the US state of Connecticut are to consider the legalisation of sports betting in the state. Several new bills are being discussed in the state legislature, though the fate of the legislation will ultimately depend on when the Governor Ned Lamont is able to reach agreement with the relevant native American tribes, the Mohegan and the Mashantucket Pequot.

 

One bill, named House Bill 5168, which has been sponsored by representative Joseph Gresko, allows for both tribes, which are currently the only bodies allowed to provide gambling services in Connecticut, to apply for sports betting licenses in the state.

 

Operators would be allowed to offer both mobile and online sports betting, without having to show a presence in the state, although retail sports betting facilities would have to be based on tribal lands. The bill proposes a licence cost of $100,000 in initial application fees and then another $750,000 if the application if successful. Licenses would run for five years.

 

The bill also proposes that operators could co-operate with a third-party to provide sports betting services in the state. Applications for licences would be considered by the state Commissioner of Consumer Protection. It has also been proposed that the industry would be taxed at a rate of 10% on land-based sports betting and 14.75% of gross revenue from online or mobile betting. There would also be an age limit of 21, along with provisions for self-exclusion and deposit limits.

 

But House Bill 5168, along with two other bills currently being considered in the Senate, will require the agreement of the Mohegan and Mashantucket Pequot tribes on the amendment of their existing arrangement. Currently, the two tribes are granted the exclusive rights to offer sports betting services and products in the state. Any changes will also have to adhere to the terms of the Indian Gaming Regulatory Act. But assuming that agreement can be reached, sports betting fans in Connecticut could be able to bet on their favourite sports from July 1, this year.

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