Connecticut State Department for Consumer Protection reveals that online gambling operators have posted combined revenues of $46.2 million for the month of October, as per the latest monthly revenue report. This marks a 5.2% increase compared to the $43.9 million reported in September.
Online casino gaming revenues for the month of October reached $31.1 million, which is a 2.6% increase from the $30.3 million reported in the previous month. The total wagers for the month amounted to $1.14 billion, slightly up from the $1.12 billion in September.
The Mashantucket Pequot Tribe and DraftKings emerged as the market leaders for October, generating $18.7 million in revenue from $688.3 million in wagers. This was followed by Mohegan Sun and FanDuel with $12.3 million in revenue from $458.8 million in wagers. State taxes from online casino gaming in October amounted to $5.6 million.
In terms of sports betting, operators reported a record $189.6 million in wagers for October, marking a 4.8% increase from September and a 15.5% year-on-year increase. Of this amount, $177.1 million came from online sportsbooks, setting new state records. The combined retail and mobile sportsbooks generated a record $16.3 million in revenues, a 10.1% increase from the previous month, with online sports betting revenues reaching just over $15 million, also a state record. State taxes from sports betting totaled $2.2 million, the highest since Connecticut sports betting launched in October 2021.
Jenny Tang, an experienced iGaming commentator and analyst based in New York City, reports on regulation and gambling industry news and events.