Connecticut Sportsbooks Hit Record March

Data from the Connecticut Department of Consumer Protection shows that the state’s three licensed sportsbooks generated a combined $217 million in handle and $17 million in gross gaming revenue in March 2026, marking one of the strongest months on record for the market.

At operator level, FanDuel, operating via Mohegan Digital, edged ahead of DraftKings in what became one of the closest monthly contests in the state’s history. The gap between the two was just over $3 million. Meanwhile, Fanatics Sportsbook, which partners with the Connecticut Lottery Corporation, recorded $50 million in wagers for the month.

The state also collected approximately $2 million in tax revenue, based on its 13.75% rate applied to adjusted gross revenue. March capped off the strongest first quarter for Connecticut since the launch of legal sports betting in October 2021, with online betting accounting for more than 96% of total activity.

The competition between FanDuel and DraftKings stands out for its narrow margin. The difference between the two operators represented less than 2% of their combined $158.9 million handle, a level of parity rarely seen in larger U.S. markets where the gap is typically far wider.

Connecticut’s structure contributes to this dynamic. The market operates with just three online licences, each tied to key partners: the Mohegan Tribe (FanDuel), the Mashantucket Pequot Tribal Nation (DraftKings), and the Connecticut Lottery Corporation (Fanatics). This setup creates a more balanced competitive environment compared to states with a larger number of operators.

Geographic and brand influence also play a role. FanDuel benefits from Mohegan Sun’s presence in the southeastern part of the state, while DraftKings leverages the reach of Foxwoods and its proximity to the Boston market. As a result, both operators maintain closely matched market shares.

The limited number of licences stems from the state’s legal framework, established under a tribal-state agreement approved in 2021. Any expansion of operators would require renegotiation of that agreement, making changes to the current structure unlikely in the short term.

Looking ahead, March’s figures highlight a highly competitive market entering the second quarter. Fanatics continue to build its share, while the close race between FanDuel and DraftKings may be influenced by seasonal factors such as major sporting events. Hold rates, which stood slightly above recent averages in March, are also expected to remain a key variable in overall performance.