April Revenue Insights
HARTFORD, CT, July 11, 2025
Connecticut’s legal sports betting market generated a total of $685 million in wagers through the first four months of 2025, according to state-released figures. Despite a small month-over-month drop in handle, April delivered improved margins, higher revenue, and stronger tax contributions for the state.
In April, bettors placed $174 million in wagers, holding $14.6 million in gross gaming revenue (GGR) and $2.01 million in state taxes. The hold rate for the month rose to 8.39%, an uptick from March’s 6.6% and a sign of stabilization after several volatile months.
Connecticut Sports Betting – Jan to April 2025
| Month | Handle | Gross Revenue | Hold % | Tax Revenue |
|---|---|---|---|---|
| January | $218,919,224 | $21,593,565 | 9.86% | $2,969,115 |
| February | $92,923,610 | $16,685,505 | 17.96% | $2,294,257 |
| March | $199,292,267 | $13,153,273 | 6.60% | $1,808,575 |
| April | $174,041,192 | $14,604,748 | 8.39% | $2,008,153 |
| TOTAL | $685M | $66M | — | $9.1M |
All licensed operators are taxed at a flat 13.75%, with proceeds directed to the state’s general fund.
Limited Operator Market
Connecticut currently allows only three online sportsbooks, DraftKings, FanDuel, and Fanatics, to operate under exclusive agreements with the Mohegan Tribe and the Mashantucket Pequot Tribal Nation. This limited-competition model has enabled regulatory control and steady tax revenue, but critics argue that it restricts consumer choice and hinders market growth.
Retail betting remains available at the state’s tribal casinos and authorized off-track betting (OTB) sites.
Push for Policy Reform
As of June 2025, Legislative momentum is building to expand and refine Connecticut’s sports betting laws. Five new bills introduced in 2025, led by Rep. Tony Scott, aim to increase market flexibility and enhance consumer protection.
Key proposals include:
- Bill 5563: Legalizing bets on Connecticut-based college teams
- Bill 5564: Capping allowable sportsbook hold percentages
- Bill 5565: Requiring opt-out features for bettors
- Bill 5578: Mandating the availability of two-way betting markets
- Bill 5579: Implementing stronger bettor protections
None of the proposals have passed yet, but they reflect growing bipartisan attention on how the state’s betting framework can evolve without compromising oversight or tribal agreements.
Q3 and Onward
Connecticut's April performance suggests a more stable market environment as sportsbooks adjust to seasonal trends and bettor behavior. But the next phase of growth may depend on whether lawmakers open the door to more competition, new bet types, or betting on in-state college teams.
