Connecticut Reaches Deal With Mohegan Tribe to Enable Sports activities Betting, On-line Gaming – NBC Connecticut

Connecticut Reaches Deal With Mohegan Tribe to Allow Sports Betting, Online Gaming – NBC Connecticut

The state of Connecticut has reached an settlement with the Mohegan Tribe, homeowners and operators of the Mohegan Solar on line casino in Uncasville, to permit new gaming choices, together with on-line wagering and sports activities betting, Gov. Ned Lamont introduced Monday.

The governor’s workplace stated this new settlement will generate “tens of tens of millions of {dollars}” in extra income for Connecticut.

The brand new deal features a 20% tax charge on new on-line gaming and a 13.75% tax charge on sports activities wagering, in response to the governor’s workplace.

“This settlement represents months of exhausting work and dedication to getting a deal that’s greatest for the residents of Connecticut and strikes our state ahead on the subject of the way forward for gaming,” Lamont stated in a written assertion. “We’re extremely lucky to have such a faithful associate in these efforts just like the Mohegan Tribe, as they’ve been open to negotiation, sincere dialogue, and a optimistic path ahead that’s helpful for each their tribe and the State of Connecticut.”

“The Mohegan Tribe is proud to have reached this settlement with Governor Lamont and the State of Connecticut,” Mohegan Tribe Chairman James Gessner Jr. stated in a press release. “This path will enable Connecticut to generate tax revenues from sports activities and on-line gaming which can be aggressive with different states, and assist maintain Connecticut with these states on the subject of rising our economic system and benefiting the state finances. We’re grateful to Governor Lamont and his group, and we stay up for continued work with the Normal Meeting as this course of continues.”

As a part of the brand new deal, the Connecticut Lottery will be capable to function 15 retail sports activities betting areas, together with new ones in Hartford and Bridgeport.

The settlement is for 10 years with a five-year extension choice.

Whereas Rodney Butler, chair of the Mashantucket Pequot Tribal Nation, acknowledged his tribe has not but agreed to the phrases of the deal, he stated the negotiators are “actually on the one-inch line.” He stated the sticking level has to do with a income challenge that’s “a rounding error” for the state finances however essential to the way forward for his tribe.

“I’m sure we’ll get there and we’ll get there quickly,” Butler stated.

Connecticut has grappled for years with modernize playing within the state given the 2 tribes’ unique rights to on line casino playing beneath a compact with the state. In change for these unique rights, the 2 tribes present the state of Connecticut 25% of their slot machine revenues.

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