Connecticut Sportsbook Signed, Fed Approval Pending Still
The legislative process to legalize sports betting in Connecticut is finally finished, but the story is not quite finished yet.
Governor Ned Lamont signed HB 6451 into law Thursday Afternoon. The bill allows Lamont to submit updated compacts with that Mashantucket Pequot and Mohegan Indians to the Home Office for federal approval.
In addition to CT sports betting, iGaming and online lottery are also legalized under the extended gaming agreements. Lamont’s signature comes a week after the bill is passed House and two days after it was over senate.
“With the signing of this bill, Connecticut is now on the cusp of delivering a modern, technologically advanced gaming experience that is competitive with our neighbors and positions us for future success,” said Lamont.
The bill also puts fantasy sports, including daily fantasy sports competitions, at risk for the remainder of 2021. It will force fantasy operators to stop bringing customers into the state until they can reapply for a license tied to one of the tribal partners.
Details for Sports Betting in Connecticut
In the game agreement, some basics for sports betting were listed:
- Income from sports betting is also taxed 13.75%.
- There will be three Online skins. DraftKings Sports Betting is partner of the Mashantucket Pequot warehouse is partner of the Mohegan. The CT lottery controls the third skin and is about to choose a partner.
- The lottery can be operated together with his online skin fifteen Sports betting for retail. Two of them must be in Bridgeport and Hartford. The lottery may outsource some of these operations to Sportech, the state’s OTB operator.
- Sports betting licenses run for 10 Years.
It is planned to start sports betting in time for the coming year NFL Season.
The official timeline of the CT Lottery begins
Operators interested in sports betting for the Connecticut Lottery have 15 days starting Thursday to table their final proposals, now that the bill has been signed.
With that final proposals are due by June 11th, according to an updated timeline from the lottery. The winner will be selected June 28th.
The lottery specifically asked four operators to apply for the license after seeing preliminary presentations.