- The two licensed online casinos in the state, DraftKings and FanDuel, each generated north of $3 million in revenue.
- DraftKings and FanDuel were roughly equal in sports handle, each well north of $20 million.
- DraftKings did $3.6 million in revenue last month, or $2.7 million adjusted—a hold of 11%.
The Connecticut Department of Consumer Protection (CDCP) has published market data from the first month of regulated online casino gaming and sports betting in the state.
The dataset, representing 20 days of regulated in-state igaming, shows that the two licensed online casinos—DraftKings and FanDuel—each generated north of $3 million in revenue, after adjusting for promotional spend.
The former had the slight market lead, claiming a 54% market share with $3.6 million to FanDuel’s $3.0 million.
In sports, it is a three-horse race, with the Connecticut Lottery (under the PlaySugarHouse brand) also permitted to offer sports wagers online. However, in terms of handle, it only attracted $3.2 million in bets, just 6% of bets placed during the three-week period.
Again, DraftKings and FanDuel were roughly equal in handle, each well north of $20 million in sports betting, though this time it was FanDuel who claimed the market lead, with $27.1 million and a 50.1% share.
In terms of revenue, however, the picture is very different. FanDuel only posted $812k of unadjusted revenue and $610k after adjusting for promotional spend—a very slim hold of just 2.3%.
To compare, DraftKings did $3.6 million in revenue last month, or $2.7 million adjusted—a much healthier hold of 11%. In terms of adjusted revenue, DraftKings carved out an impressive 77.5% market share.
