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Connecticut gives OK for Legal Sports Betting

Connecticut senate

The NFL regular season is scheduled to begin on September 9, 2021, when the Buccaneers host the Cowboys. Since football season is the largest legal betting period in the United States, many jurisdictions have been rushing to pass betting legislation.

The state of Connecticut legalized sports betting earlier in 2021 and is currently undergoing the implementation process. The state’s implementation has been relatively slow, but online gambling took a huge step forward following a legislative committee approving emergency regulations for the new market.

Legislative committee approves emergency regulations

Following the Tuesday approval of the emergency sports betting regulations, Connecticut is in good shape to launch sports betting at some point during football season. The state is now awaiting the U.S. Department of the Interior’s approval of the sports betting agreements.

The Mashantucket Pequots and Mohegans will run sports betting through their casinos. The Pequots have paired with DraftKings, and the Mohegans have signed with FanDuel. The tribes played major roles in the legalization of sports betting.

The other step that needs to be completed before sports betting begins is the Federal Register must approve licenses for operators and the key employees in the state.

Rodney Butler, the Mashantucket Pequots’ tribal chairman, spoke following the legislative approval on Tuesday, he said:

We expect action from the federal Department of Interior within the next two weeks on the compact amendments submitted in late July, and it is our understanding that once that approval comes, the state Department of Consumer Protection will issue master wagering licenses. With the NFL season kickoff fast approaching, we are working to launch online gaming and sports betting as soon as we are legally allowed to do so

Connecticut sports betting details

The Department of Consumer Protection has been working for months to complete the sports betting guidelines. This extended period forced the General Assembly’s Regulations Review Committee had to complete a fast-tracked approval.

Governor Ned Lamont and the tribes have the desire to launch sports betting by the beginning of the NFL season. However, this is unlikely based on the timeline. The approval from the Department of the Interior will not possibly be returned by September 9, making sports betting impossible by kickoff.

DCP Commissioner Michelle H. Seagull wrote to the committee that, “The purpose of this regulation is to create a licensing structure and implement provisions for responsible gaming and data privacy protections in order to ensure consumer safety and gaming integrity for new gaming markets in our state.”

The panel approved the rules by a 9-4 margin. The emergency regulations will be valid for 180 days, and then a final regulations vote will have to occur in the state. There is a possibility that a public hearing will be held to examine the rules.

Yet, the final draft will likely resemble the emergency regulations. There have been some lawmakers who have opposed the emergency regulations. The alternative forms of payment like PayPal and Venmo were the biggest issues with the rules.

These details are things that could change on the final draft. Nevertheless, the emergency rules will help the state generate tax revenue quicker.

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