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Connecticut Approves Online Betting on Horses
Connecticut Approves Online Betting For Horse Racing, Set To Launch In April
Connecticut has told the operator of 15 off-track betting locations that it can launch online wagering for horse racing, ushering in the era of state-approved and -taxed Internet gambling even as lawmakers debate its broader future.
Sportech Venues Inc., based in London, England, said Tuesday that it's aiming to begin offering online betting in April. Wagers would be limited to registered, adult Connecticut residents, for parimutuel betting on horse racing only.
Sportech, with its North American headquarters in New Haven, holds the exclusive right to run parimutuel betting in Connecticut on horse racing, jai alai and dog racing at tracks around the world. That right includes bets taken in person and over the telephone — which is crucial, because the state's approval of the Internet platform is an extension of the phone operations.
he approval by the state Department of Consumer Protection, which regulates legal gambling, will add a relatively small amount of revenue to the state's coffers, as the state collects about 3.5 percent of all in-state wagers from Sportech — in person at the 15 Winners locations, by telephone and starting soon, online. In fiscal year 2009, the state and towns netted $7.6 million; there's no estimate of the expected amount with online betting added.
By DAN HAAR, Courant Columnist
Connecticut Approves Online Betting For Horse Racing, Set To Launch In April
Connecticut has told the operator of 15 off-track betting locations that it can launch online wagering for horse racing, ushering in the era of state-approved and -taxed Internet gambling even as lawmakers debate its broader future.
Sportech Venues Inc., based in London, England, said Tuesday that it's aiming to begin offering online betting in April. Wagers would be limited to registered, adult Connecticut residents, for parimutuel betting on horse racing only.
Sportech, with its North American headquarters in New Haven, holds the exclusive right to run parimutuel betting in Connecticut on horse racing, jai alai and dog racing at tracks around the world. That right includes bets taken in person and over the telephone — which is crucial, because the state's approval of the Internet platform is an extension of the phone operations.
he approval by the state Department of Consumer Protection, which regulates legal gambling, will add a relatively small amount of revenue to the state's coffers, as the state collects about 3.5 percent of all in-state wagers from Sportech — in person at the 15 Winners locations, by telephone and starting soon, online. In fiscal year 2009, the state and towns netted $7.6 million; there's no estimate of the expected amount with online betting added.
By DAN HAAR, Courant Columnist
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