HARTFORD, Conn — Gov. Ned Lamont and Mohegan Tribe Chairman James Gessener Jr. announced on Monday they have reached an agreement for the state that would allow sports wagering and online gaming.
The Governor's office said this agreement will generate tens of millions of dollars in revenue for Connecticut and keep the state competitive with the game changes currently offered in other states.
“This agreement represents months of hard work and dedication to getting a deal that’s best for the residents of Connecticut and moves our state forward when it comes to the future of gaming,” Governor Lamont said. “We are incredibly fortunate to have such a devoted partner in these efforts like the Mohegan Tribe, as they have been open to negotiation, honest discussion, and a positive path forward that is beneficial for both their tribe and the State of Connecticut.”
The agreement also will include the Connecticut Lottery Corporation as a partner in an effort to modernize CT's gaming landscape.
“The Mohegan Tribe is proud to have reached this agreement with Governor Lamont and the State of Connecticut,” Chairman Gessner said. “This path will allow Connecticut to generate tax revenues from sports and online gaming that are competitive with other states, and help keep Connecticut with those states when it comes to growing our economy and benefiting the state budget. We’re thankful to Governor Lamont and his team, and we look forward to continued work with the General Assembly as this process continues.”
Below are some of the components of the agreement:
- A 20 percent tax rate on new online gaming, or “iGaming,” offerings
- A 13.75 percent tax rate on sports wagering
- Connecticut Lottery shall have the right to operate 15 retail sports betting locations, as well as operate an online sports betting skin
The agreement does not include the Mashantucket Pequot Tribal Nation.
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