Ganim Deals Gambling Proposal
BRIDGEPORT – Bridgeport Mayor and Democratic candidate for Governor Joe Ganim today called for the Connecticut General Assembly to pass Senate Bill No. 540, AN ACT AUTHORIZING SPORTS WAGERING AND ONLINE LOTTERY DRAW GAMES IN THE STATE. The bill sets up legal, highly regulated, taxable sports betting in Connecticut. If enacted, it is estimated that legalizing sports betting could bring the state another $44 million in annual revenue. Gaming industry estimates in Connecticut currently show that state residents spend more than $600 million in illegal sports betting, generating some $36 Million in profits for illegal sports bookmakers. Introducing legal sports wagering that could be taxed by the state at a rate of 15% could significantly eat into that black market. Mayor…