Connecticut March 2022 – Agora Poker

Market Monitor: Connecticut March 2022

Market Monitor: Connecticut March 2022

Connecticut online casino revenue rebounded in March to $18.3 million. However, it is down on January’s market high of $18.8 million and, based on a daily average, it also represents a drop month-over-month — $590,990 was generated per day in March, down from $612k in February and $608k in January.

Market share also shifted a little last month. DraftKings remains on top, but its lead has shrunk — revenue actually declined from February into March — while FanDuel grew its revenue from $6.8 million to $8.1 million. That represents a market high for FanDuel in terms of revenue and its 44.1% market share is its best full-month performance.

Meanwhile, the third casino operator in CT — on-reservation betting at the Mashantucket Pequot Tribal Nation — actually reported a net loss last month.

In sports, DraftKings retained its clear market lead, at least in terms of bets placed. At $61.5 million in handle, it took in 47% of all bets. However, in terms of revenue, FanDuel actually led. Adjusted gross revenue at FanDuel was $3.5 million, enough for a 52% market share.

Meanwhile, SugarHouse continued to grow its smaller share, attracting a handle of $14.1 million on which it derived $717.7k in revenue to take a 10.7% market share, its best to date.

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