A sharp rise in handle led to the Nutmeg State’s fifth-highest total since legal sports betting arrived in October 2021.
Online sports betting sites and retail wagers combined hit $160 million, up 17.6% from February, according to figures from the Connecticut Department of Consumer Protection. That handle also represented a 14% year-over-year increase.
Connecticut sportsbooks also saw gross gaming revenue jump from a paltry $8.55 million in the previous month to a 2023 high of $16.5 million in March.
Sports bettors took a step back as the sportsbooks’ 10.3% hold dwarfed February’s 6.2%. It proved to be a much better month for the state’s general fund as operators shelled out $1.85 million in taxes, which was up 58% month-over-month.
