The state of Connecticut has officially surpassed $1 billion in all-time sports betting handle. The June revenue report shared by the Connecticut Department of Consumer Protection shows that, less than nine months after legalized sports betting launched in Connecticut in October 2021, that 10-figure benchmark has been cleared.

The Constitution State came close to reaching $1 billion in all-time handle in May, but fell about $18 million short. With a June handle of $95.4 million, legal sports betting platforms in Connecticut easily cleared that hurdle. 

Sports betting revenue details

DraftKings ($41.1 million) posted a higher monthly mobile betting handle in June than FanDuel ($38.8 million), but FanDuel posted a higher gross gaming revenue total and adjusted gross revenue total. FanDuel posted GGR of just over $3 million, while DraftKings checked in at $2.2 million. FanDuel’s adjusted total was $2.3 million, while DraftKings’ was $1.7 million. 

PlaySugarHouse, which is operated by the Connecticut Lottery, had a monthly online sports wagering handle of $9 million. PlaySugarHouse’s GGR was $421,591, and its adjusted GGR was $316,193. 

Connecticut’s retail sports betting locations reported a handle of $6.6 million — almost a full $1 million less than the prior month — and a GGR total of $521,253. The GGR figure is about $80,000 more than May’s total. 

The state received just under $600,000 worth of tax revenue from mobile sports betting operators in June. Retail operations brought in a shade over $70,000 worth of tax revenue. Based on the financial data, June was a relatively slow month for sports wagering in the state, which makes sense given the slower sports calendar as spring ends.

iGaming numbers

DraftKings reported an online casino handle of $421 million in June and an additional $671,843 worth of on-site iGaming handle was reported by Foxwoods Casino. FanDuel’s iCasino handle for June was $254.4 million, and there was an additional $379,023 of on-site iGaming wagers at Mohegan Sun. Connecticut is unique in revealing online casino handle; most states only report revenue figures for casino gaming.

Adjusted gross revenue for DraftKings’ online casino was $9.8 million, while FanDuel’s was $6.5 million. Mohegan Sun reported an additional $37,123 of adjusted gross revenue from on-site iCasino action, while on-site iGaming at Foxwoods Casino actually resulted in a revenue loss of $14,046. 

Connecticut received about $3 million worth of tax revenue from iCasino gaming in June.

Photo: Shutterstock