Dark Mode
Connecticut Online Gaming Revenue Metrics
Data Science and Analytics
Tags and Keywords
Trusted By
"No reviews yet"
Free
About
This data product provides detailed financial metrics related to online casino gaming revenue within Connecticut. It is designed for public access and use, offering insight into the economic activity generated by licensed online gaming operators. The metrics track revenue, player spending, and regulatory payments made to the State. The operational commencement of online casino gaming activity dates back to October 2021. Key financial items, such as promotional deductions and the calculation of required payments, are dictated by state legislation, with rates adjusting over specified fiscal periods. The data allows users to monitor the evolution of the gaming market and the subsequent revenue accrued by the state.
Columns
- Fiscal Year: Identifies the financial year associated with the recorded monthly data, such as 2022/23 or 2023/24.
- Month Ending: Specifies the closing date for the reported monthly period, spanning from late October 2021 through November 2024.
- Licensee: Identifies the specific online casino operator submitting the data, including entities like Mohegan Digital, LLC and MPI Master Wagering License CT, LLC.
- Wagers: The total monetary amount placed by patrons in bets during the reported period. Values range up to approximately 784 million.
- Patron Winnings: The total monetary return paid out to winning players.
- Cancelled Wagers: The value of bets that were cancelled or voided.
- Online Casino Gaming Win/(Loss): The net result of patron activity before promotional adjustments.
- Promotional Coupons or Credits Wagered (3): The value of credits or coupons issued specifically for gaming use within Connecticut and redeemed by players.
- Promotional Deduction (4): An amount deducted from the revenue calculation, which is legally limited, based on a percentage of the online casino gaming Win/(Loss) or the actual credits wagered, with limits decreasing in subsequent fiscal years.
- Total Gross Gaming Revenue: The final revenue figure after calculating the promotional deduction.
- Payment (5): The amount due to the State, calculated using the prescribed tax rate (currently 18%, increasing to 20% later) applied to the Total Gross Gaming Revenue, ensuring the payment is never negative.
Distribution
The revenue figures are available in a CSV file format, roughly 16.9 kB in size. It currently contains 143 valid records across 11 columns, with no identified mismatched or missing entries. This dataset is expected to be updated annually.
Usage
Potential applications include tracking the financial performance of online gaming operators, analysing the effectiveness of promotional strategies, calculating the state's tax intake from legalized betting, and modelling trends in patron spending and winnings. It is valuable for studying the regulatory impact of Public Act 21-23 on the industry's financials.
Coverage
This data specifically covers online casino gaming activities originating in Connecticut. The time range starts with the beginning of operations in October 2021 and extends through November 2024, detailing monthly results. Regulatory notes are provided concerning the staggered start dates for on-reservation online casino gaming by the Mohegan Tribe and MPTN. Financial rules regarding payment rates and promotional deductions are clearly delineated for specific time frames.
License
CC0: Public Domain
Who Can Use It
- Financial Analysts: For market sizing, revenue forecasting, and investment analysis in the regulated online gambling sector.
- Government Regulators/Policymakers: To audit payments, verify gross gaming revenue calculations, and assess the effectiveness of the current tax structure.
- Journalists and Researchers: For reporting on state revenue streams, tracking gaming legislation impacts, and analysing consumer trends in legalized betting.
- Operators and Licensees: To benchmark performance against aggregate industry data and understand regulatory reporting standards.
Dataset Name Suggestions
- Connecticut Online Gaming Revenue Metrics
- State of CT Casino Financial Data
- Licensed Online Gaming Wagers and Revenue
- Fiscal Report: CT Casino Gaming
Attributes
Original Data Source: Connecticut Online Gaming Revenue Metrics
QUALITYLoading...