Connecticut’s online sports betting industry made a strong comeback in August 2025, with a total handle — or amount wagered — of $141.7 million. That’s a big jump from July’s slump, mostly thanks to a burst of action across the state’s digital sportsbooks.
Gross gaming revenue (GGR) also ticked up, reaching $13.2 million. The growth wasn’t huge, though, which just shows how unpredictable betting margins can be.
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State tax revenue hit $1.82 million for the month, thanks to a 13.75% tax rate. Connecticut’s regulated market keeps trying to balance competitive conditions for operators with reliable state earnings.
August 2025: A Bounce Back for Connecticut Bettors
After a slow July, Connecticut’s sports betting handle jumped by 20% in August. That was a welcome relief for operators in places like Hartford, New Haven, and Stamford, where digital wagering keeps gaining steam.
Bettors got more active, but profit margins — measured by hold rate — stayed pretty average at 9.34%. That’s nowhere near the wild 17.96% hold from February 2025, but it’s solid.
Understanding the Handle, Hold, and Revenue
The handle is just the total amount customers bet. Gross gaming revenue is what sportsbooks keep after paying out winners.
In August, the four licensed operators — FanDuel, DraftKings, Fanatics, and SugarHouse — together brought in $13.2 million in GGR. With the 13.75% tax, Connecticut collected $1.82 million for programs and services from Bridgeport to Waterbury.
How Connecticut Compares Nationally
Connecticut’s tax rate lands in a mid-tier spot compared to other states. It’s a bit higher than New Jersey’s 14.25%, but nowhere near New York’s whopping 51%.
This setup lets operators compete while still giving the state a steady income. That’s good news for folks in Norwalk, Danbury, New Britain, and beyond.
Neighboring State Comparisons
Take New York — its aggressive tax policy brings in over $50 million in taxes each month, thanks to its massive market. Massachusetts, with a smaller handle but a 20% tax rate, pulls in $7 to $10 million monthly.
Connecticut’s August numbers were smaller but similar in hold rate and tax receipts to Massachusetts. The state seems to care more about sustainable performance than chasing huge numbers.
Stability Over Flashy Numbers
Connecticut’s betting setup shows you don’t need blockbuster stats for a healthy marketplace. With a smaller population spread from Greenwich to Middletown, the state focuses on steady regulation.
This approach aims to protect bettors and support responsible gambling. It lets the industry run smoothly without wild swings.
- Handle: $141.7 million (up 20% from July)
- Gross Gaming Revenue: $13.2 million
- Hold Rate: 9.34% (way below February’s 17.96% record)
- State Tax Revenue: $1.82 million at 13.75% rate
- Four main operators: FanDuel, DraftKings, Fanatics, SugarHouse
- Competitive environment with an eye on fiscal responsibility
Looking Ahead
With football season ramping up and NBA and NHL games on the horizon, betting activity should climb. Towns like West Hartford and Milford might see more casual bettors and die-hard fans jumping in.
The real challenge? Keeping people engaged while making sure the market stays sustainable. That’s always the trick, isn’t it?
Why This Matters for Connecticut Residents
The sports betting industry isn’t just about numbers. It’s about bringing in steady revenue for the state without putting too much pressure on operators or fueling risky habits.
Connecticut’s careful approach has turned the state into a bit of a role model for other mid-sized states trying to strike that same balance in sports wagering.
As new data comes in over the next few months, cities from Stamford to Waterbury will probably keep seeing the benefits of this balance. The focus here is on stable, long-term growth—not chasing wild surges in betting activity.
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Here is the source article for this story: Connecticut Online Sports Betting Revenue August 2025
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