New bill in Connecticut explores maximum sports wager option

A new bill in Connecticut introduced on Thursday, March 6, and pending a public hearing, explores the opportunity of introducing a maximum allowable sports wager. The draft law also explores gambling as a whole, with a particular focus on online poker

Limiting maximum online bets in CT, but not clear by how much

Titled An Act Concerning Sports Wagering and Multijurisdictional Internet Gaming and referred to the Senate’s Joint Committee on General Law, SB01464 is seeking to establish a maximum wager for online sports gambling specifically, while it also hopes to help the Nutmeg State become a part of the growing iGaming system in the country.

Specifically, the bill wants to explore the state’s chances of joining the so-called Multi-State Internet Gaming Agreement (MSIGA), which will allow local players in Connecticut and specifically those who play poker, to join larger online pools and Internet tournaments held across numerous states over the Internet.

Presently, there are six states that are part of the MSIGA and share their pools of online poker players, namely: Delaware, New Jersey, Pennsylvania, Nevada, Michigan, and West Virginia. In the meantime, the bill makes no mention of what a maximum sports wager would look like, with no specific amounts put forward.

Connecticut does offer regulated sports betting through three dedicated sportsbooks, specifically DraftKings, FanDuel, and Fanatics, with the companies helping bring in more than $6bn in total sports betting handle since the activity launched officially in 2021.

Connecticut focused on regulatory tweaks

Connecticut has been one of the states to take a firm-hand-at-the-rudder approach to gambling regulation. Although the state is one of a handful that allows iGaming, the Nutmeg State has similarly gone after companies such as VGW, asking the company to leave over its provision of sweepstakes social casinos.

The state similarly attacked Kalshi back in November and reminded residents to avoid participating in political prediction markets.

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