Sports Betting at the Mohegan Sun

The Mohegan Sun is likely to offer legalized in-person sports betting some time in 2019.

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Lawmakers in Connecticut were set to push ahead with legalizing sports gambling in the new legislative session that began January 9.

The Mohegan Sun is one of two state casinos that would get legalized sports betting.  Offshore sportsbooks are already accessible to Connecticut residents 18 years or older and do not report winnings to tax authorities such as the IRS.

House Minority Leader Themis Klarides, R-Derby, said on January 8 that many details need to be ironed out before a decision can be made as to what path Connecticut will take when it comes to sports betting. The list includes things like protecting college sports and children, deciding whether it should be allowed on smart phones and whether people can bet on just a game or something very specific like a pitch in a baseball game. There have also been questions about whether allowing someone other than the tribes to offer sports betting would violate a revenue-sharing agreement they have with the state.

“We will get it done. We have to get it right,” said Klarides, adding, “I’m more than happy to sit down and negotiate what it looks like without having a full-blown study on it.”

The state would also decide upon a tax for operators.  Neighboring Rhode Island has two sportsbooks that pay over half their revenue in a form of taxation (not specifically classified as a tax however, but it essentially is).  New Jersey taxes at 11% for in-person betting, slightly more for online.

Gamblers would be expected to pay as much as 24% in taxes to the federal government and potentially more to the state of Connecticut.

- Aaron Goldstein, Gambling911.com