Yet again, we are seeing another uptick in the Connecticut sports betting handle in December. The state regulator reports $150.1 million in total handle for the month, which is $13.9 million higher than November’s $131.7 million. Connecticut’s numbers are consistent with other states as you could read in the best sportsbook pay per head blog.
When becoming a bookie, its also important to take a closer look at where the numbers are coming from. In Connecticut’s case, majority of wagers are online. $143.6 million worth of wagers are coming from online sportsbooks. This is 12.6% higher than November’s $127.5 million. Meanwhile, retail sports betting is at $6.5 million, which is a whopping 55% higher than November’s $4.2 million.
Connecticut Sports Betting Handle and Gaming Handle
The Connecticut online sports betting market is relatively new. It only launched last October 19, although they did have a soft launch starting October 12. It is remarkable to see how these sportsbooks are growing, despite the challenges of just starting out. For instance, many sportsbooks would be offering various sportsbook promotions to introduce their brands to the betting public.
And online sports betting is not the only industry that has benefited from the convenience of online gambling. Online casinos in the state are also reporting an increase in December, which is a great way to end the year. The total monthly handle for online gaming is at $814.9 million, which is 17.9% higher than that of November’s $691.3 million. Clearly, offering online channels for people to bet on is working well in Connecticut’s favor. It is, after all, well known in the betting industry that states who embrace online sports betting tend to see a huge increase in their handle that before.