The deal represents a step towards legal sports betting and igaming in Connecticut.
US.- The state of Connecticut has reached an agreement with the Mohegan Tribal Nation, paving the way for a gambling expansion that could generate tens of millions of dollars in state revenues.
The agreement covers online gambling and sports betting, Governor Ned Lamont said. The tax rate would be 13.75 per cent on sports betting and 20 per cent on online gambling.
As part of the agreement, the Connecticut Lottery Corporation will be able to operate up to 15 retail sports betting locations as well as an online sports betting brand.
The entity may also sub-license some of its retail sportsbooks to Sportech, the state-licensed pari-mutuel operator.
Governor Lamont said in a statement: “This agreement represents months of hard work and dedication to getting a deal that’s best for the residents of Connecticut and moves our state forward when it comes to the future of gaming.
“We are incredibly fortunate to have such a devoted partner in these efforts like the Mohegan Tribe, as they have been open to negotiation, honest discussion, and a positive path forward that is beneficial for both their tribe and the State of Connecticut.”
Last month, Connecticut lawmakers filed the sports betting and igaming bill with the legislature’s Joint Committee on Public Safety and Security, but sports betting and online gambling legislation must have the support of the state’s two tribes.
The Mohegan Tribe chairman, James Gessner Jr., said in a statement: “The Mohegan Tribe is proud to have reached this agreement with Governor Lamont and the State of Connecticut.
“This path will allow Connecticut to generate tax revenues from sports and online gaming that are competitive with other states, and help keep Connecticut with those states when it comes to growing our economy and benefiting the state budget.
“We’re thankful to Governor Lamont and his team, and we look forward to continued work with the General Assembly as this process continues.”