Connecticut has reported consistent sports betting results with the rest of the country for May, showing a decline in amount wagered but favorable results leading to higher revenue.
Handle was reported at $109.4 million, down 13.6% from April’s figure of $126.7 million. This is also a 5% decrease on April 2022’s handle of $116.5 million. It’s the lowest figure reported since August 2022.
On the other hand, revenue trended positively – owing to favorable sports results and vastly improved margins. Revenue was up 13.7% month-on-month, hitting $14.9 million (from $13.1 million) and up 60% year-on-year from $9.5 million in 2022.
