“We’re very pleased with the results we saw in year one,” he said. Ray Pineault, chief executive officer of Mohegan Sun, said the roll-out of expanded gambling has been a success. Revenue from online gambling and sports betting has helped make it possible for Foxwoods to reinvest in its Mashantucket site, including plans for an $85 million casino, Butler said. “Being online smooths out the bumps,” Butler said. Patron winnings accounted for more than 94% of bets.įollowing a difficult few years brought on by the COVID-19 pandemic that shut the two casinos and limited reopening, revenue from online gambling has made a difference. Underlying casino and state government money-making were online wagers of $7.9 billion and $1.1 billion in sports betting in the 11 months between October 2021 and August. Estimates show annual revenue nearly doubling to $52.9 million by 2026. Officials are optimistic about future tax revenue, which is based on bets placed online and at the casinos and Connecticut Lottery Corp.
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