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October brings in $1.7m in online gambling and sports betting revenues for Connecticut

Connecticut’s online gambling and sports betting industry got started in mid-October, and we now know how the month faired. After starting on October 12, the online services generated around $1.7 million through October 31. This is a nice chunk of change for the new industry, and it is estimated to only grow from here.

A Breakdown from the Month

The majority of the revenues were generated from online casino gambling provided by the Mohegan tribe and the Mashantucket Pequot tribe. Services created around $1.2 million of the total. The remaining $513,000 came from sports betting operations via the tribes and the state Lottery.

The funds created from the new industry go toward the general fund of the state. Connecticut