Connecticut saw record numbers of online gambling and sports betting in October 2023.
The newest monthly sales report from the Connecticut State Department for Consumer Protection found that online gambling operators had total revenue of $46.2 million. This value increased by 34.7% year-on-year and by 5.2% month-on-month.
Online casino gaming profits totaled $31.1 million in October, up 2.6% from $30.3 million in the previous month. Meanwhile, total stakes were $1.14 billion, slightly up from the $1.12 billion reported in September.
The online gaming market leader in Connecticut remains DraftKings and its regular partner Mashantucket Pequot, which had revenue of $18.7 million with stakes of $688.3 million. FanDuel and Mohegan Sun followed with $12.3 million in revenue on $458.8 million in bets.
FanDuel and Mohegan are the leading sports betting providers in Connecticut
Sportsbooks in Connecticut reported $189.6 million in wagers in October, up 15.5% from a year earlier. About $177.1 million, or 93.7%, of that total came from online sports betting, with the remainder coming from retail.
FanDuel and Mohegan were market leaders with revenue of $7.6 million. DraftKings and Mashantucket posted $6.3 million.
Connecticut sportsbooks generated record revenue of $16.3 million in October, up 29.3% from a year earlier. Online sports betting revenue was just over $15.0 million, another national record.
Sports betting generated $2.2 million in state taxes, the highest amount since sports betting was introduced in Connecticut in October 2021.