Connecticut Governor: Mohegan & Mashantucket Pequot Tribe Agreement

Connecticut Governor: Mohegan & Mashantucket Pequot Tribe Agreement

Governor Lamont, Mohegan Tribe, and Mashantucket Pequot Tribe Reach Agreement on the Modernization of Gaming in Connecticut

HARTFORD, CT (STL.News) Governor Ned Lamont, Mashantucket Pequot Tribe Chairman Rodney Butler, and Mohegan Tribe Chairman James Gessner Jr. announced that an agreement has been reached between the Lamont administration and both tribes that will allow the State of Connecticut to modernize gaming options available to state residents, including allowing for sports wagering and online gaming.

The agreement will generate tens of millions of dollars in new revenue for the state, while keeping Connecticut competitive with gaming currently being offered or considered in neighboring states.  The agreement also provides the inclusion of the Connecticut Lottery Corporation as a partner in the effort to modernize the state’s gaming landscape.

Key components of the agreement include:

  • An 18 percent tax rate for the first five years on new online commercial casino gaming (or “iGaming”) offerings, followed by a 20 percent tax rate for at least the next five years
  • A 13.75 percent tax rate on sports wagering
  • Connecticut Lottery shall have the right to operate 15 retail sports betting locations, as well as operate an online sports betting skin
  • Connecticut Lottery shall have the right to sublicense locations to the state-licensed parimutuel operator
  • Connecticut Lottery will undertake new retail sports betting venues in Hartford and Bridgeport
  • License agreement to be for ten years with a five-year extension option
  • Expansion of iLottery and Keno through the Connecticut Lottery Corporation, including the sale of draw tickets online
  • Both tribes agree to halt development of an East Windsor casino through the duration of this agreement

“Connecticut is on cusp of providing a modern, technologically advanced gaming experience for our residents, which will be competitive with our neighboring states,” Governor Lamont said. 

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Author: Publisher3