HB 7331: Sports Wagering Summary

• Establishes a licensing framework for sports wagering in Connecticut, effective July 1, 2019, contingent on new tribal-state compacts with the Mashantucket Pequot and Mohegan tribes authorizing sports wagering on Indian lands and through electronic platforms.

• Creates two types of licensed sports wagering operators: in-person operators (off-track betting system, casino gaming facilities, Connecticut Lottery Corporation) and platform operators (casino facilities, Lottery Corporation, and up to three additional licensed operators selected through a competitive request-for-proposals process).

• Imposes a 10% tax on sports wagering gross revenue, with funds deposited into a sports wagering account for regulatory costs and treatment of compulsive gamblers; establishes a sports wagering account requiring 2% annual contribution to gambling treatment programs.

• Establishes regulatory requirements including age verification (21+), integrity protections, betting data security, abnormal activity reporting, and prohibits sports participants, employees, and individuals with insider information from placing wagers.

• Excludes certain sporting events from wagering (horse racing, college/university sports, high school sports) and requires the Connecticut Lottery Corporation to operate sports wagering through dedicated channels with segregated financial tracking.