HARTFORD, CT) – Governor Ned Lamont and Mohegan Tribe Chairman James Gessner Jr. today announced an agreement that would allow the State of Connecticut to modernize gaming options available to state residents, including allowing for sports wagering and online gaming. The agreement would generate tens of millions of dollars in new revenue for the state, while keeping Connecticut competitive with gaming changes currently being offered or considered in neighboring states. The agreement also provides the inclusion of the Connecticut Lottery Corporation as a partner in the effort to modernize the state’s gaming landscape.
Key components of the agreement include:
- A 20 percent tax rate on new online gaming, or “iGaming,” offerings
- A 13.75 percent tax rate on sports wagering
- Connecticut Lottery shall have the right to operate 15 retail sports betting locations, as well as operate an online sports betting skin
- Connecticut Lottery shall have the right to sub-license some of those locations to the state-licensed pari-mutuel operator
- Connecticut Lottery will undertake new retail sports betting venues in Hartford and Bridgeport
- License agreement to be for ten years with a five-year extension option
“This agreement represents months of hard work and dedication to getting a deal that’s best for the residents of Connecticut and moves our state forward when it comes to the future of gaming,” Governor Lamont said. “We are incredibly fortunate to have such a devoted partner in these efforts like the Mohegan Tribe, as they have been open to negotiation, honest discussion, and a positive path forward that is beneficial for both their tribe and the State of Connecticut.”
“The Mohegan Tribe is proud to have reached this agreement with Governor Lamont and the State of Connecticut,” Chairman Gessner said. “This path will allow Connecticut to generate tax revenues from sports and online gaming that are competitive with other states, and help keep Connecticut with those states when it comes to growing our economy and benefiting the state budget. We’re thankful to Governor Lamont and his team, and we look forward to continued work with the General Assembly as this process continues.”
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