{"id":63402,"date":"2024-10-23T07:37:39","date_gmt":"2024-10-23T07:37:39","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=63402"},"modified":"2024-10-23T07:37:39","modified_gmt":"2024-10-23T07:37:39","slug":"connecticut-sports-betting-breaks-records-for-september","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/connecticut-sports-betting-breaks-records-for-september\/","title":{"rendered":"Connecticut Sports Betting Breaks Records For September"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-34758\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/03\/Connecticut-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/03\/Connecticut-300x300.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/03\/Connecticut-150x150.jpg 150w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/03\/Connecticut-50x50.jpg 50w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2018\/03\/Connecticut.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Connecticut&#8217;s sports betting market achieved impressive numbers for September, breaking previous records for both handle and revenue.<\/p>\n<p style=\"text-align: left;\">The Nutmeg State&#8217;s sports betting industry has been on an upward trajectory since its launch in October 2021. However, September stands out as a landmark month, with operators reporting\u00a0 figures that surpassed expectations. The rise in betting activity coincided with the start of the NFL season.<\/p>\n<p style=\"text-align: left;\">September will go down in Connecticut&#8217;s sports betting history as a month of unprecedented success. The state&#8217;s sportsbooks collectively reported a handle of $174.1 million, shattering the previous record set in January 2023 by a significant margin. This figure represents a remarkable 30.5% increase from August 2023 and a 15.2% year-over-year growth compared to September 2023.<\/p>\n<p style=\"text-align: left;\">The rise in betting activity translated into equally impressive revenue numbers. Operators generated $19.7 million in revenue, marking a new monthly record for the state. This represents a\u00a0 43.8% increase from the previous month and 61.5% jump from the same period last year.<\/p>\n<p style=\"text-align: left;\">Key highlights of September&#8217;s performance include:<\/p>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Total handle: $174.1 million (new state record)<\/li>\n<li class=\"pb-1\">Total revenue: $19.7 million (new state record)<\/li>\n<li class=\"pb-1\">Month-over-month handle increase: 30.5%<\/li>\n<li class=\"pb-1\">Year-over-year handle increase: 15.2%<\/li>\n<li class=\"pb-1\">Month-over-month revenue increase: 43.8%<\/li>\n<li class=\"pb-1\">Year-over-year revenue increase: 61.5%<\/li>\n<\/ul>\n<p style=\"text-align: left;\">Based on the current tax rate of 13.75% on sports betting revenue, the state collected approximately $2.7 million in taxes from September&#8217;s operations.<\/p>\n<p style=\"text-align: left;\">Connecticut&#8217;s\u00a0 September performance in sports betting is impressive when viewed in the context of its neighbouring states. While Connecticut has a smaller population compared to some of its neighbours, its per capita betting handle and revenue figures are highly competitive.<\/p>\n<p style=\"text-align: left;\">Connecticut&#8217;s September performance with that of neighbouring states:<\/p>\n<h3 style=\"text-align: left;\">New York<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Population: 19.8 million<\/li>\n<li class=\"pb-1\">September Handle: $1.68 billion<\/li>\n<li class=\"pb-1\">September Revenue: $143.3 million<\/li>\n<li class=\"pb-1\">Per Capita Handle: $84.85<\/li>\n<li class=\"pb-1\">Per Capita Revenue: $7.24<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">Massachusetts<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Population: 6.98 million<\/li>\n<li class=\"pb-1\">September Handle: $514.8 million<\/li>\n<li class=\"pb-1\">September Revenue: $51.3 million<\/li>\n<li class=\"pb-1\">Per Capita Handle: $73.75<\/li>\n<li class=\"pb-1\">Per Capita Revenue: $7.35<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">Rhode Island<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Population: 1.1 million<\/li>\n<li class=\"pb-1\">September Handle: $52.7 million<\/li>\n<li class=\"pb-1\">September Revenue: $5.1 million<\/li>\n<li class=\"pb-1\">Per Capita Handle: $47.91<\/li>\n<li class=\"pb-1\">Per Capita Revenue: $4.64<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">Connecticut<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Population: 3.6 million<\/li>\n<li class=\"pb-1\">September Handle: $174.1 million<\/li>\n<li class=\"pb-1\">September Revenue: $19.7 million<\/li>\n<li class=\"pb-1\">Per Capita Handle: $48.36<\/li>\n<li class=\"pb-1\">Per Capita Revenue: $5.47<\/li>\n<\/ul>\n<p style=\"text-align: left;\">While Connecticut&#8217;s total handle and revenue figures are lower than those of larger states like New York and Massachusetts, its per capita performance is strong, particularly in terms of revenue.<\/p>\n<p style=\"text-align: left;\">The breakdown of mobile vs. retail betting for September:<\/p>\n<h3 style=\"text-align: left;\">Mobile Betting<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\" style=\"text-align: left;\">\n<li class=\"pb-1\">Handle: $162.9 million<\/li>\n<li class=\"pb-1\">Revenue: $18.3 million<\/li>\n<li class=\"pb-1\">Market Share (Handle): 93.6%<\/li>\n<li class=\"pb-1\">Market Share (Revenue): 92.9%<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">Retail Betting<\/h3>\n<ul class=\"!whitespace-normal list-disc ml-5\">\n<li class=\"pb-1\" style=\"text-align: left;\">Handle: $11.2 million<\/li>\n<li class=\"pb-1\" style=\"text-align: left;\">Revenue: $1.4 million<\/li>\n<li class=\"pb-1\" style=\"text-align: left;\">Market Share (Handle): 6.4%<\/li>\n<li class=\"pb-1\" style=\"text-align: left;\">Market Share (Revenue): 7.1%<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Connecticut&#8217;s sports betting market achieved impressive numbers for September, breaking previous records for both handle and revenue. The Nutmeg State&#8217;s sports betting industry has been on an upward trajectory since its launch in October 2021. However, September stands out as a landmark month, with operators reporting\u00a0 figures that surpassed expectations. The rise in betting activity [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":59480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,18,132],"tags":[],"class_list":["post-63402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-n-america","category-sportsbetting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Connecticut Sports Betting Breaks Records For September - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/connecticut-sports-betting-breaks-records-for-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connecticut Sports Betting Breaks Records For September - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Connecticut&#8217;s sports betting market achieved impressive numbers for September, breaking previous records for both handle and revenue. 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