Lamont Meets With Tribal Leaders To Discuss Legalized Sports Betting Details
Now that Connecticut has reached an agreement with the state’s two federally recognized Indigenous tribes, Governor Ned Lamont met with tribal leaders on Thursday to discuss the details for legalized sports betting and online gaming in the state.
“I think we put in place a deal that makes sense. It makes sense for the tribes. It makes sense for the taxpayers of the state of Connecticut and it’s built to last,” Lamont said.
The Mohegan tribe that runs Mohegan Sun Casino and Mashantucket Pequot tribe that runs Foxwoods Casino are expected to bring in hundreds of millions of dollars in revenue.
Rodney Butler is chairman of Foxwoods Casino, run by the Mashantucket Pequot tribe.
“Not only will we see an incredible reach to broader parts of the state with online gaming, but we will fully expect that it will drive additional foot traffic here to southeastern Connecticut,” Butler said.
The state will tax online gaming at 18% for the next five years, and then up to 20%. Sports betting will be taxed slightly lower.
The agreement still needs federal approval.