The Connecticut Department of Consumer Revenue has just revealed that iGaming in the state experienced another surge last August. The total revenue for CT last August was up to almost $38 million from the July revenue of $35.6 million, marking robust and steady growth for the state.

August marked another strong month for Connecticut's online gaming market, with total gross gaming revenue rising to $37.9 million from $35.6 million in July, according to the Connecticut Department of Consumer Protection. This continued growth shows the success of the state's online casino industry, which launched in full just under three years ago.

Online gaming market launched in 2021

Connecticut's sports betting and online casino gaming market officially went live in October of 2021, and since then, it has steadily gained traction. The market currently features two major online casino operators: DraftKings, in partnership with Foxwoods Resort Casino, and Mohegan Sun, operating through FanDuel. These platforms provide a wide variety of gaming options, including slots, table games, and live dealer games.

With both of these giants leading the way, players in Connecticut have flocked to the digital gaming space, resulting in robust monthly revenue figures. The steady growth suggests that online gaming has become a key component of the state's entertainment landscape.

DraftKings and Foxwoods continue to dominate

DraftKings Casino, partnered with Foxwoods, has consistently held the top spot in the Connecticut iGaming market, and August was no exception. DraftKings reported over $20.6 million in gross online casino revenue, a notable increase from $19.1 million in July. The platform has been able to capture a large portion of the market, partly due to its extensive range of games, including over 300 titles. In addition, some of its exclusive offerings include DraftKings NHL Slapshot, DraftKings Rocket, Assassin Moon, and DraftKings Bingo Blackjack, which have proven popular among players looking for unique gaming experiences.

Mohegan Sun, operated by FanDuel, also saw a slight increase in revenue, generating more than $17.1 million in August, up from $16.3 million in July. Though it trailed behind DraftKings in terms of total revenue, Mohegan Sun remains a strong player in the market with a loyal customer base.

State reaps benefits from online casino revenue

As online gaming revenue grows, so do the benefits to the state. Connecticut levies an 18% tax on gross revenue, which means significant contributions to state coffers each month. In August alone, DraftKings generated over $3.7 million in tax revenue, while FanDuel brought in $3.08 million. These funds are crucial for state programs and initiatives, making online gaming an important revenue source for Connecticut's government.

The total wagers across both online casinos for the month amounted to $1.23 billion, showcasing the massive scale of the state's online gaming market. With a consistent upward trajectory in both participation and revenue, the sector continues to demonstrate its potential for long-term growth.

Expanding gaming options in the state

One of the reasons behind the success of Connecticut's online gaming market is the wide variety of games available to players. Both DraftKings and FanDuel have invested heavily in their gaming libraries, offering players numerous options to choose from, whether they prefer classic table games, live dealer interactions, or exclusive slot titles. The growing selection of games has helped the platforms retain players and attract new users, contributing to the revenue increases seen in recent months.

Moreover, the ease of access to online gaming has played a critical role. Players can participate from the comfort of their homes or on the go, making it a convenient entertainment option for many. This convenience, coupled with the allure of exclusive games, has kept players engaged and the market thriving.