#Mashantucket Pequots

CTPost

Online gambling in CT brings uptick in revenue, problem betting

Connecticut legalized online and in-person sports betting and online casino games last October. The state has received more than $45 million in revenue since then. Online casino gaming has brought more monthly payments than online sports wagers. However, the state's revenue from retail sports bets was $193,000 in September. The number of problem gamblers in Connecticut has increased since the legalization. Calls to the problem-gambling hotline have increased 134 percent since. It's because of the ease of betting being at your fingertips. Health experts predict it has led to an increase in gambling addictions.
Finance
The Hartford Courant

CT’s two casinos generate $175M million in online and sports gambling revenue

CT's two casinos generate $175M in online and sports gambling revenue. Foxwoods Resort and Mohegan Sun casinos have expanded gambling since expanded gaming was established in Connecticut last year. The two forms of gambling represent a 31% premium to slot revenue of nearly $559M. The state has a stake in casino revenue, claiming more than $30M from October through May for online gambling, sports betting and retail sports bets run by the Lottery. David Sacco, an instructor in finance and economics, says the threat of recession could have a greater impact on casinos than inflation.
Sports
CT’s two casinos generate $175M million in online and sports gambling revenue
Wild Casino
Yabby Casino

$75 Free Chip (Code: LIVE75)

1. Open an Account, 2.Make a deposit and, redeem Bonus, 3. Play & Have fun!
RELATED TOPICS
The Day

Magnitude of increase in calls to problem gambling 'helpline' took many by surprise

There has been a huge increase in the number of calls to the Connecticut Council on Problem Gambling's helpline. The council's executive director, Diana Goode, made news last month when she described the increase. She told the legislature's Public Safety and Security Committee that the helppline calls had quadrupled. From October through January, calls were up 122% over the same period a year ago. Gooder worries that problem gamblers have the highest suicide rate. They lose all their money in a weekend. Some Monday mornings, people had "lost everything" betting on sports the previous weekend, so the line could be busy the day after Super Bowl.
Gambling Addiction
Magnitude of increase in calls to problem gambling 'helpline' took many by surprise
SportsBetting Casino

50% bonus up to $1,000

SportsBetting.ag is your ‘top spot’ for the best in sports betting excitement. No matter what your favorite game might be you’ll find it on the board along with a huge variety of sports and betting options.
RELATED LOCATIONS
The Hartford Courant

CT tracks online gambling closely

Connecticut's problem-gambling hotline is busiest on Mondays. The hotline's operator, the Connecticut Council on Problem Gambling, took two calls on the same Monday last month. In less than three months of online gambling, Connecticut gamblers have wagered $2.6 billion. The state collected its cut of nearly $10 million. It is funded by voluntary contributions from the two tribal casinos, CT Lottery and the state Department of Mental Health and Addiction Services. They bet $325 million on sports and $ 2.3 billion on digital casino games since the soft launch in early October through Dec. 31.
Trust and Safety
CT tracks online gambling closely
The Hartford Courant

Expanded gambling raised $1.7 million in revenue for Connecticut since mid-October start

Expanded gambling in Connecticut has generated $1.7 million in state revenue since mid-October. Online casino gambling brought in $2.2 million and sports betting raised about $513,000. The money will be deposited into the state's general fund. The payment due the State is 13.75% of gross gaming revenue for sports wagering and 18% for online casino gaming until 2026. It will increase to 20% in 20 years. Foxwoods Resort Casino and Mohegan Sun casinos operate sports gambling parlors and the Connecticut Lottery Corp. operates gambling retail sites.
Finance
Expanded gambling raised $1.7 million in revenue for Connecticut since mid-October start
CT News Junkie

It’s a Good Bet That App-Based Gambling Will Cause Problems

"Squid Game" is the most popular Netflix original series to date. It's a dystopian allegory that criticizes a rapacious capitalistic society. South Koreans are desperate to rid themselves of debt. They're borrowing heavily to gamble on risky financial investments or cryptocurrencies.
Movies
It’s a Good Bet That App-Based Gambling Will Cause Problems
The Denver Gazette

With an explosion of sports betting and online gambling, Connecticut braces for a potential increase in problem gambling

Connecticut legalized online sports betting and casino gambling last week. The state's mental health agency warns that gambling addiction is a growing problem. Problem gamblers are particularly at risk on college campuses. The law is aimed at apportioning the millions of dollars in revenue from expanded gambling and changing the compacts governing casino betting in Connecticut. It is legal for those 21 and older. For those under 21, it is not. There are concerns about financial difficulties, troubled relationships, poor work performance, an increase in money-related crime and mental illness related symptoms.
Sports
With an explosion of sports betting and online gambling, Connecticut braces for a potential increase in problem gambling
Super Slots Casino

$6,000 Welcome Bonus

Players can claim the SUPER300 bonus code on their first three deposits only. The minimum deposit amount required to redeem each bonus code is $25. This bonus is not valid in the Live Dealer Casino. The deposit plus bonus amount is subject to a 45X playthrough requirement before any winnings can be withdrawn.
RELATED CATEGORIES
Cardschat

Connecticut Joins the Online Gambling Party, Poker Invited but Left at the Door

Connecticut joined the online gambling party this week with sports betting, casino, and slots games. Online poker players still have to wait before they can ante up online. The state's 2.4 million residents over the age of 21 are allowed to gamble online, but no online poker operators have stepped into the state yet.
Poker
Connecticut Joins the Online Gambling Party, Poker Invited but Left at the Door
Bakersfield

Unrestricted online gambling set to begin Tuesday in Connecticut, ushering in broadest expansion in decades

Connecticut's new online gambling system is available to adults 21 and older. The Lottery Corp. and Mohegan Sun partnered with FanDuel and Foxwoods Resort Casino with DraftKings. More than 130 games have been approved for both the Fanduel app and the Draft Kings app. Gov. Ned Lamont calls it the fastest implementation of online gaming and sports wagering in the nation.
Lottery
Unrestricted online gambling set to begin Tuesday in Connecticut, ushering in broadest expansion in decades
RELATED BRANDS
Poker News Daily

Connecticut Online Gambling Debut Delayed

Connecticut's online gambling launch has been delayed beyond the originally scheduled October 7 start date. The delay is due to the delay in the update of the federal regulations. There will be three online sports betting sites in Connecticut: Mohegan Tribe, FanDuel and Mashantucket Pequots, and the Connecticut Lottery. In the meantime, the Mohesh Sun and Foxwoods launched brick-and-mortar sports bets on September 30.
Sports
RELATED AFFILIATES
Casino News Daily

Mohegan, FanDuel Pen Connecticut Betting, Online Casino Deal

Mohegan Gaming & Entertainment has tapped FanDuel as its sports betting partner in Connecticut. Fanduel will provide online and mobile sports bets and daily fantasy sports in the state and operate a physical sportsbook at MGE's flagship casino, Mohegans Sun. The company expects to launch its digital and retail products in state this coming fall. In March, Gov. Lamont and Connecticut’s two federally recognized tribes – the Mogegans and the Mashantucket Pequots – signed a ten-year gambling compact that authorized the two tribes to conduct sports betting and online casino activities.
Sports
Mohegan, FanDuel Pen Connecticut Betting, Online Casino Deal
Casino News Daily

Casino Op Mohegan Unveils Online Gambling Arm

Mohegan launched Mohegans Digital, its interactive division, on Wednesday. Online casino gaming and sports betting have just become legal in the company's home state, Connecticut. The Mohes and Mashantucket Pequots agreed to provide sports gambling and online casino services for at least ten years. They agreed on 18% tax on their online gambling revenues for the first five years and 20% for next five. Sports betting will be taxed at 13.75% on all wagers taken.
Sports
Casino Op Mohegan Unveils Online Gambling Arm
The CT Mirror

Online gambling during COVID-19? Lamont: 'I must decline.'

Connecticut Gov. Ned Lamont rejects a request to allow online gambling during COVID-19. The request was made by the chairman of a regional council of governments in eastern Connecticut. The governor says it's not feasible or realistic during the crisis. He also says legalizing online gaming is a significant policy decision that needs legislative approval. It would have to be submitted to the U.S. Department of the Interior and the Connecticut General Assembly. They are currently in recess. "It's simply not possible or feasible during this crisis and while the legislature remains in session," he writes.
Covid
Online gambling during COVID-19? Lamont: 'I must decline.'