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Connecticut’s online casinos had a solid July, earning 5.5% more revenue than in June. July’s revenue growth reversed the steep losses Connecticut iGaming suffered in June.
The Mashantucket Pequot Tribe’s DraftKings Casino drove the month’s gains, increasing around $2 million from June, according to online casino gaming figures from CT.gov.
Key takeaways
- Connecticut online casinos generated $41.7 million in July.
- Revenue was up around $2.2 million month-on-month.
- July’s 5.6% monthly increase was the second-highest monthly rise this year.
DraftKings Casino leads CT iGaming out of the summer cellar
Connecticut’s online casino market was in bad shape in July.
After CT online casino revenue in May 2024 hit a record high of $46.2 million, revenue plummeted 14.5% to $39.5 million in June. It was the biggest monthly drop-off in the past year.
However, the state’s two online casinos, DraftKings and FanDuel (partnering with Mohegan Sun), rebounded in July. DraftKings’ revenue rose from $20.5 million to $22.5 million. Meanwhile, FanDuel Casino saw an uptick from $19 million to $19.2 million.
Combined, the two casinos brought home $41.7 million. While the total was a much-needed improvement over June’s numbers, it was also the fifth-highest monthly total over the past year:
| Month | Revenue | % change, monthly |
|---|---|---|
| July 2024 | $41,697,830 | 5.45% |
| June 2024 | $39,542,131 | -14.49% |
| May 2024 | $46,241,045 | 11.79% |
| April 2024 | $41,363,979 | -6.22% |
| March 2024 | $44,106,665 | 1.11% |
| February 2024 | $43,622,514 | 5.18% |
| January 2024 | $41,473,154 | -6.03% |
| December 2023 | $44,136,024 | 15.18% |
| November 2023 | $38,320,162 | 5.21% |
| October 2023 | $36,420,933 | -2.98% |
| September 2023 | $37,538,680 | 20.54% |
| August 2023 | $31,141,146 | 10.87% |
| July 2023 | $28,088,286 | N/A |
Of note is that Connecticut’s online lottery did a full launch on July 1, essentially introducing more competition for online casinos.
However, it’s too early to tell if the emergence of online lottery will impact online casinos. But it’s a possibility we’ll keep an eye on in the coming months.
CT regulators help online casinos by cutting out Bovada
While the jury’s still out on whether the iLottery will impact Connecticut iGaming, one thing is certain: Online casinos no longer have to worry about competing for revenue with illegal offshore operator Bovada.
Bovada placed Connecticut on its list of restricted jurisdictions after it received a cease-and-desist letter from two of Connecticut’s top gaming and consumer protection bosses.
That’s a significant win for the state’s legal online casinos, which will likely increase customer acquisition (assuming that some gamblers wagered exclusively at Bovada’s online casino).
