n the reviewed state, the regulatory body that takes care of the gambling market is the Connecticut Division of Special Revenue. It acts in accordance with the Connecticut General Statutes and the Tribal Gambling Expansion Bill.
Judging by the numbers that we had on our hands, the residents of the Constitution State are particularly fond of sports betting and games of chance. The gross gaming turnover for both of these activities grows by at least 200 million USD annually. The lottery also shows growth in ticket sales but it is not as dramatic.
Land-Based Casinos in Connecticut
In Connecticut, only tribal land-based casinos are allowed and the state is interested in collaborating with the tribes. It cannot legally impose taxes on the Tribal lands so instead, both of the tribal casinos pay a 25% fee on all the slot revenues. This is a deal that allows the tribes to keep any competition from other commercial casinos out. As long as the treaty between the state and the tribes exists, the legislators are not inclined to legalize commercial land-based gambling.
Two of the land-based gambling venues are the Foxwood Resort and the Mohegan Sun. Both venues are considered the biggest across the United States. They offer more than 5,000 slot machines, video keno, video pokers, and 250+ table games. From time to time, poker tournaments can be held.
Pari-Mutuel Betting in Connecticut
The state legalizes both simulcast and pari-mutuel betting. It also has several racetracks although it has been a while since live races were held. Connecticut is one of the few states to allow greyhound racing. There is even a Shoreline Star Greyhound Park — a track where this type of racing can be held but for a while now, the location offers only simulcast betting.
Lotteries in Connecticut
Lotteries are legal and are a state monopoly. They are operated by a Connecticut Lottery Corporation. Residents of the state can enjoy all the popular lottery activities, including the national jackpots Powerball and Mega Millions.
According to CT Lottery’s reports, instant ticket sales generate the highest revenue of over $700,000,000 per year. The RTP from instant tickets is around 70%. Following them in the second place in terms of popularity is Keno, which generates slightly over $100,000,000 per year in ticket sales. The RTP from Keno is around 65%.
