Asset 1

Connecticut Want to Legalize Sports Betting and Online Gambling

The Supreme Court’s ruling marked an end to a federal ban on sports betting, which was in effect for a quarter of a century, allowing states to independently decide whether to offer sports betting or not.

The vast majority of states have already expressed their intention to legalize sports betting, which is seen as good way to boost income and bring much-needed funds to state coffers. But before they are in a position to offer betting on sports, some sort of legal framework for this is needed.

Since in this case, time definitely means money, many states are in a hurry to adopt a sports betting law and start drawing customers as soon as possible. Some states are still considering this option, and some, like New Jersey and Delaware, have already officially legalized sports betting.

Making an Important Decision

There are those who believe that the legalization of sports betting should go together with allowing online gambling as well. Although they are different in more than one way, they share certain similarities, so it doesn’t come as a surprise that legislators across the United States regard them as a package deal.

Lawmakers in Connecticut also share such an opinion. According to available information, Governor Dannel Malloy hopes to make sports betting and online betting legal in the near future, and has already scheduled a series of discussions with the state’s two tribal nations which have a monopoly on legal gambling in the Constitution State.

The tribes were given the monopoly by the state, in exchange for 25% of the total revenue made by slots, which experts estimate could be around $270 million this year alone.

Commenting on the governor’s initiative, Lori Potter, spokeswoman for the Mashantucket Pequots said the tribe was looking forward to productive discussions with both him and the state’s legislative leadership.

The Mohegans’ spokesman Charles Bunnes, said the Mohegan Tribal Council appreciated the governor’s respect for the agreements in place and his willingness to work together with all parties to find the best path forward. He also emphasized the Council shared that very same commitment.

Waiting for a Deal

It’s likely any legislation will have to wait until the governor reaches a deal with the tribes, but nevertheless, the thing has begun moving forward, not only when sports betting is in question, but online gambling as well.

Speaking about online gambling, Governor Malloy said he had a realistic approach. He explained he was well aware there were sites that people placed bets with on an out-nation basis.

Malloy pointed out this was a common practice, as well as placing bets using the telephone. The governor said the plans to legalize sports betting and online betting were crucial for the regulation of a rapidly growing industry.

All in all, Connecticut has a long road ahead. It will need to pass a law and then come to terms with the tribes. That will require both time and a certain level of trust from both sides.  Gaming expansion in states with tribal casinos has proven tricky, but not impossible. We guess the time will tell.