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Connecticut Gaming Revenues Dip Due to Competition

3 January 2020 by Dustin Jermalowicz

This story was published more than 4 years ago.

The two operational casinos in Connecticut saw their revenues dip during 2019 due largely to increased competition in neighboring Massachusetts.

The Mohegan Sun saw net revenues of $992 million, which was down about 7% from the $1.1 billion brought in the year before. The Foxwoods Resort Casino's revenues were down 5% to $787.8 million. Both of the spots said that the drops in revenue were due to less gambling money. This is due in large part to two new casinos that opened in Massachusetts.

Connecticut is working to legalize sportsbetting, but has yet to do so, further hampering the bottom lines of the casinos.

We'll see how the state does in 2020, and whether they can change things up to boost revenues.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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14 January 2020 - 8:55pm
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Yeah, according to the numbers there is a bit of dip but not exactly like the Vermont casinos going to close the doors...aren't they, the competition is something usual and they'll handle it I believe...it's still an amazing $992 million number in revenues for just a two working casinos I think.