CT lawmakers on the brink of approving legalized sports betting
Connecticut lawmakers are on the brink of approving legalized sports betting in the state.
When the expected final approval is given by state lawmakers, the measure will be off to Gov. Ned Lamont, who went into overtime to negotiate the deal with the state's two tribal casinos.
Bettors won't have to drive all the way to Foxwoods or Mohegan Sun. The Connecticut Lottery can also offer sports wagers at up to 15 locations across the state.
One of them is likely to be Bobby V’s – an off-track betting bar in Stamford.
People in the state will also be able to bet on cellphones, including table games like poker and blackjack.
For sports wagers, the state gets an almost 14% cut. For online games, it's 18% at first, then 20%.
Fantasy sports apps, such as FanDuel, may be shut down in a few months, since the state will now require a license.
"Who knows how long that's going to take,” says Peter Schoenke, of the Fantasy Sports and Gaming Association. “It could take six months. It could take two years. So everybody that enjoys playing fantasy football on DraftKings and FanDuel and these other contests, they might be locked out of the whole football season."
Gov. Lamont's office is working to find a solution. Paul Mounds, his chief of staff, has been speaking to Draft Kings directly.
Once Gov. Lamont signs the law, the feds will have to approve it too. If all goes as planned, Connecticut residents could be placing sports wagers by Labor Day.