Connecticut joined the online gambling party this week with sports betting, casino, and slots games, but online poker players still have to wait before they can ante up online. Mohegan Sun is one of the Connecticut casinos to launch online gambling this week. (Image: mohegansun.com) The Connecticut Lottery Corp., the Mohegan Tribe, and the Mashantucket Pequot Tribe officials launched sites online gambling sites on Tuesday, bringing more than 130 digitalized games and sports betting to the state’s 2.4 million residents over the age of 21. Despite that, no player-vs.-player online poker sites were opened.
Although online poker is included in the largest gambling expansion residents have seen since tribes sued to be allowed to open brick-and-mortar casinos in the 90s, no online poker operators have yet stepped into one of the smallest markets in the country. Nutmeggers can’t go for the nuts
The Mohegan Sun is partnering with FanDuel to provide its online gaming offerings while Foxwoods, which is owned and operated by the Mashantucket Pequots, has partnered with DraftKings. DraftKings is trying to get into the online poker business by offering to buy partypoker’s parent company Entain for $20 billion. The Connecticut Lottery partners with Rush Street Interactive, which doesn’t offer online poker. “This is an exciting moment for our state and our tribal partners,” Governor Ned Lamont said in a press release. “Connecticut has proven to be a leader when it comes to the gaming economy going back decades, and that legacy will continue with the launch of these new online options for all eligible residents.” The tribes obtained exclusive online gambling rights in the state for 25% of their slots revenue.
Focusing on sports betting and online casino games, particularly slots, is a good bet for gambling corporations. With the online gambling launch, Connecticut connected its residents to an industry that’s expected to continue to grow significantly over the next half-decade.
According to Markets and Research , an investment research firm, the United States online gambling market was valued at $2.178. billion in 2020 and is projected to register a compound annual growth rate of 17.3% during the forecast […]
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