The Nutmeg State’s legal sports betting numbers felt the end of March Madness and the University of Connecticut’s NCAA men’s basketball championship run in April.
Despite the Final Four and the Huskies winning it all early in the month, Connecticut’s April handle dropped 20.8% from $160 million in March to $126.6 million the following month, according to figures from the Connecticut Department of Consumer Protection.
It was going to be difficult, with just two games of the NCAA tournament landing in April, to match March’s fifth-highest revenue in Connecticut history, but it was still a good month for mobile betting and retail sportsbooks.
While gross gaming revenue slipped 20.4% month-over-month, the $13.1 million of profits for the sportsbook operators was up a whopping 42.1% year-over-year.
