Foxwoods Resort Casino and Mohegan granted betting licenses
Gov. Ned Lamont places his first ceremonial bet
Expected state revenue $100 million
Now that betting legalization is getting a lot of attention in the US, most states are now scrambling to join and give punters like you an opportunity to bet, watch and promote your gaming in a legal manner.
First things first, this is a new dawn to Connecticut State as Gov. Ned Lamont gave a nod to sports betting in Connecticut. Even more, the governor placed his first ceremonial bet.
For gamblers, it is time to wager on games and win like never before.
The Beginning Of Gambling
Making the whole process real began with Foxwoods Resort Casino and Mohegan Sun acquiring their first licenses by the Department of Consumer Protection. The Connecticut Lottery Corporation reviews that it aims to roll out retail and online sports betting in the first week of October 2021.
As such, the market for sports betting widens allowing more punters to bet on a variety of games. Once the regulatory approvals are in progress, Foxwoods plans to roll out statewide
What Legalization Means To SportsBetting In Connecticut
Legalizing Betting in Connecticut is to allow the people of this state to bet on sports. It also allows for a person who has been convicted of gambling-related crimes to be able to get back into society and work again.
This would mean that they could go out, buy food at the store, or even pay their bills with money earned from betting. They can then use these funds to help them live a better life.
This is also a boom for the Connecticut States economy where it is projected that it will generate over $100 million in revenue if legalized. Another reason punters should celebrate this legalization is that no more shady bookmakers taking advantage of your hard-earned cash.
Also, since the government takes care of paying off any debts owed to the casinos, you don’t need to worry about getting scammed like before. In addition, you won’t have to deal with the stress of being arrested for something as simple as placing a wager.
Who Grants The Betting Licenses?
The state’s betting licenses are granted by the state Department of Consumer Protection. The department is responsible for licensing and regulating all forms of gambling, including sports wagering in New Jersey.
Additionally, it has jurisdiction over pari-mutuel horse racing tracks, casinos, bingo halls, lotteries, raffles, and other gaming activities that involve a prize or chance element. Apart from granting licenses, the department also enforces laws against illegal gambling operations.
Sports have always impacted our society. Whether we like it or not, they can make us feel better about ourselves when things aren’t going well at home or work.
Now that sports betting is legal in Connecticut, the state’s casinos are looking to capitalize on this new market. Even more, the gaming industry is set to benefit in many ways.
More sports that were dying out are now being played and bets placed for real money. You can now bet legally and win. Therefore, begin your journey