Connecticut Processed 1.2 Million Sports Wagers in First Week

Regulated sportsbetting appears to be off on solid footing in Connecticut, as the state's casinos and books processed 1.2 million bets in the activity's first regulated week.

Geolocation company GeoComply is helping to facilitate those bets and to ensure that bettors are in Connecticut while the wagers are occurring. The state launched a soft market on October 12th and fully launched their full operations on October 19th. The only authorized groups to offer the services are the Connecticut Lottery, the Mashantucket Perquot Indians, and the Mohegan Indian Tribe. These groups are licensing out to big names in the industry, with the Mohegans working with FanDuel, while the Mashantucket are working with DraftKings.

GeoComply said that 8% of traffic came from the side closest to New York, which the company claims shows the Empire State has a desire for regulated gaming.

Commenting on the results GeoComply's VP of Global Government Relations Chad Kornett said, "We've learned from the New Jersey experience that New Yorkers are clearly motivated to travel locally to bet on sites where proper consumer protections have been put in place that safeguard the integrity of their wager," said Kornett.

"Connecticut looks to be quickly following a similar pattern: Easily accessed from the New York City area, GeoComply's data shows 38% of Connecticut's wagering activity has originated from the southwestern corner of the state along the I-95 corridor."

Of course, no details on the amount wagered or winning percentage from the books was available as of press time.