Connecticut sports betting
Connecticut sports betting is a popular activity for residents and visitors to the state. There are many major sporting events taking place in Connecticut every year. Hence, it is no wonder that many people want to get in on the Connecticut sports betting action.
In this article, we will be discussing how you can find out more about Connecticut sports betting, who regulates it, and what types of games you can bet on. Learn more about the Connecticut sports betting bill below:
Is online sports betting legal in Connecticut?
Yes, sports betting on the internet is legal in Connecticut. The state of Connecticut officially went live with legal online sports betting and casino games on October 19, 2021. While the launch process was smooth, that doesn’t quite tell the story of how the state arrived with legal iGaming.
Connecticut became the first American state to legalize online sports betting and casino games in a landmark ruling. The move will benefit the state’s 22 casinos and its residents and visitors.
The passage of SB-898 has brought with it many benefits for both residents and visitors alike. First of all, anyone 21 years old or older can now place legal bets from their desktop computers, smartphones, or tablets without leaving the comfort of their home or hotel rooms.
Secondly, this means that online bookmakers will offer better odds on major sporting events like the NCAA Tournament, Super Bowl, and NFL Season than they could before because they could no longer rely on offshore operators for liquidity (betting volume).
And lastly, CT residents who live near casinos can now use their mobile devices to play casino games at any time of day or night without driving anywhere.
What is the legal age to bet on sports online in CT?
The legal age to bet on sports in Connecticut is 21 years old. To play at a licensed Connecticut sportsbook, you must be a state resident and have reached the age of majority in your jurisdiction (21 years old). This is based on the previous HB 7051 bill passed in Connecticut.
The bill made it legal for all adults over 21 years old who are physically present in Connecticut to gamble online at any licensed casino or poker room within the state borders.
Additionally, the bill also allows businesses like casinos and racetracks to operate their own online gaming websites and mobile sports betting apps. This means that you can play games like blackjack, baccarat, and poker right from your phone or tablet device if you live in CT.
As long as you’re over 21 years old and physically located within CT borders when you play games like slots and roulette at our sponsor casinos
Best online sports betting sites in Connecticut
Connecticut residents have access to a variety of online sports betting options. Here are the best online sportsbooks for CT residents:
Tipico is one of the biggest betting sites in Germany and Europe. It has been operating for years but only recently opened its doors to US customers. The site is operated by Tipico Ltd, based in Malta, and has been licensed by the Malta Gaming Authority since 2011.
The website offers a wide range of sports betting options, including the NFL, NBA, MLB, NHL, soccer, etc. You can place wagers on individual games or tournaments and bet on various futures markets.
The site has an excellent mobile app for iOS and Android devices available for download from the Google Play Store or Apple App Store. You can also access your account from any device through their website.
BetRivers Connecticut is a leading online sportsbook that offers the most comprehensive selection of sports betting products to players in the state.
In addition, BetRivers offers a wide range of sports betting options, including baseball, basketball, football, hockey, and tennis. Moreover, they also offer horse racing and mixed martial arts (MMA).
They offer both live betting and in-game betting on all of these sports. The live betting options include odds on who will win each game, who will score first, how many goals will be scored during the game, etc.
Live betting is available for most games, but not all games are available for live betting at BetRivers. The availability depends on which sport you are following. Some sports have fewer live games than others. You can check their website to see if any live games are available for a specific sport before placing a bet with them.
PointsBet is an online sportsbook that offers extensive betting options on major sporting events. This includes the NFL, NBA, NHL, MLB, and College Football. There are also weekly specials available for international football matches, horse racing, and MMA.
PointsBet offers a wide range of specialty bets, including parlays and teasers. The site also offers a variety of props such as over/under, first-half bets, moneylines, and more. Other forms of wagering include prop bets, which are available for every major sport.
The website features a mobile-friendly design to place your bets from anywhere. It also includes an app for iOS and Android devices to stay connected to the action no matter where you are at any time of day or night.
FanDuel is one of the leading sports betting sites in the Connecticut. It is owned by the same company that owns DraftKings and operates under a similar betting model.
FanDuel allows players to place single bets on events. Moreover, it also offers them a chance to enter multiple-player leagues where they can win more money by beating their opponents.
FanDuel has been around for years, and it has grown steadily ever since then. The site has more than 10 million members, and it continues to add new ones each year.
Additionally, the site offers a wide range of games, including football, basketball, hockey, soccer, and baseball. The site also offers other types of contests, such as golf and motorsports. Players can choose to play in head-to-head contests or join private leagues sponsored by other players. There are no fees for joining these leagues, though you will have to pay a fee every time you want to bet on an event.
DraftKings is one of the best sports betting sites in the country. It has a variety of games and sports to bet on, and it offers great deposit bonuses for new players.
DraftKings offers a wide range of daily fantasy sports contests that include NFL, NBA, NHL, and MLB games. It also has PGA Golf and NASCAR contests on Sundays. The site has weekly tournaments as well as nightly contests that are based on real-time stats. Also, you can play head-to-head or against other players in large groups or leagues.
You can make deposits using your credit card or Paypal at DraftKings’ website or mobile app. Furthermore, you can also use Bitcoin to remain anonymous while making payments online. The minimum deposit amount is $5. However, there are no limits on how much money you can deposit into your account each month.
PlaySugarHouse is one of the most popular online casinos in the United States. It’s also a sportsbook featuring all major US sports leagues and most international sports. In addition, it’s one of the few sites that include horse racing at its main site.
The site has many promotions to offer its players, but these are mostly for new members. SugarHouse also has an app for mobile devices, which allows you to bet on sports from anywhere in the world with just a few taps on your phone or tablet.
A history of online sports betting in Connecticut
In 2010, Connecticut legalized sports betting at licensed casinos and racetracks in the state. This was done as part of an effort to raise money for education spending by charging a tax on every single wager placed on any sporting event played in the United States.
However, this law wasn’t without its problems. Namely, it didn’t allow for online gambling at all. This meant that if you wanted to place a wager on your favorite team, you had to drive out to a casino or racetrack and place your bet there in person. This is not exactly convenient for most people.
Fast forward another few years and things started changing again in regard to online gambling in Connecticut.
In 2017, the state legislature passed another bill that opened up sports betting opportunities for residents of Connecticut once again. Under this new law, licensed lottery agents were able to accept wagers on professional football and baseball games and other sporting events such as horse racing or boxing matches. This was thanks to a grandfather clause that was written into the legislation by lawmakers at the time.
The story began in 2019 when Connecticut legalized sports wagering at its casinos and racetracks. The state’s first sportsbook was opened at Mohegan Sun in 2020, followed by a second location at Foxwoods Resort Casino. Both casinos began offering sports betting without any issues.
On January 1st, 2021, the state legislature passed a bill authorizing the governor to create an independent commission to regulate iGaming. The law also established fees for operators and players alike. Gov. Ned Lamont signed the legislation on July 1st, 2021, and appointed members to the commission shortly afterward.
The commission held its first meeting on August 20th, 2021, and began accepting applications for licenses immediately after that date. The first round of licenses went out in November 2021, with another round following in February 2022 (which included slot machines).
After months of preparation and testing, online gambling sites were finally allowed to go live on October 19th, 2022 (just shy of two years from when they began accepting applications).
What is the Connecticut sports betting tax rate?
The income tax rate for sports betting for CT residents is 6.99%. If you are playing online sports betting in Connecticut, you will be paying taxes on your winnings and losses. In addition to paying income tax, you also have to pay sales tax on your wagers. If you live in one of the other states, you may be able to deduct gambling losses from your other income.
Gambling income is considered personal and not business-related. You’ll need to report all of your earnings on Schedule C – Profit or Loss From Business (Sole Proprietorship) if you own a business or Schedule E – Supplemental Income and Loss (Partnership) if you’re part of a partnership or LLC.
If you’re self-employed, all of your gambling wins will be taxed as ordinary income at your marginal rate here in Connecticut. Gambling losses can be deducted from any other type of income that you might have earned during the year. However, there is an overall limit for itemized deductions.
Locations of retail sportsbooks in Connecticut
Connecticut is one of the few states where residents can legally bet on sports. The following are the locations in Connecticut where residents can bet on sports: