Another neighboring state is headed for legalized sports betting, while New York continues to hold out on an offer for an operator to begin operating in the state. Connecticut has passed a bill that would allow both retail and online sports betting before the 2021 NFL season. Daily fantasy sports (DFS) could take a hit because of this bill, as both companies might need to go through a regulatory process before they begin operating again.
Expanding Tribal Gaming Options
Connecticut will expand the state’s tribal gaming options to allow both retail and online sports betting. Back at the beginning of the month, the House passed this bill in favor of 122-21. At the Senate, t passed 28-6, as Gov. Ned Lamont signed it into place. The goal is now set on figuring out who will operate in the state and getting it up and running by the NFL season. There will need to be some more finalized regulations before anything takes shape, but this is a big step for launch in a few months.
Both Mohegan and Mashantucket Pequot tribes can open and regulate sportsbooks. Each can also open one online sportsbook and casino. This leaves a limited number of sportsbooks to open in the state, so it won’t be as friendly as other states. Mashantucket has already partnered with DraftKings, where Mohegan will partner with Kambi.
The Connecticut lottery can also open an online sportsbook and gaming site. They can also open 15 retail casinos across the state, which it is unclear if they would be able to partner with their own online sportsbook. Both tribes will also look to build a retail casino/sportsbook in Bridgeport and Hartford.
Daily Fantasy Sports
Within this bill, DFS operators will need to be licensed and go through regulations. This could create a stall for the upcoming football season. DraftKings and FanDuel would need to go through a new process and this could take some time. There is a good chance that the state will not allow either site to run while they are obtaining their license to operate in the state.