The Connecticut Department of Consumer Protection reported on Friday a record gross sports betting revenue total of nearly $24.9 million for January'as FanDuel bettered its own state record for monthly winnings.
The figure made December’s $22.4 million haul for operators — the first time it surpassed $20 million — a short-lived record. Gross winnings were up 41.5% from January 2023 and 10.9% from December as operators finished with a collective 12.3% hold.
Handle totaled close to $202.8 million, the third-largest in 28 months of wagering as the Nutmeg State cleared $200 million for the third consecutive month. It was a 20.9% increase from the first month of 2023, but 4.4% lower than the record $212.2 million worth of accepted wagers to close out last year.
The state was able to levy taxes on more than $20.8 million in adjusted gross revenue, generating close to $2.9 million in tax receipts. Total promotional spend from the three betting apps — which included Fanatics Sportsbook conducting its first full month of wagering — totaled more than $6.6 million.