Connecticut ready to draft new sports betting proposal

Dannel Malloy, governor of Connecticut, has said that the government is well prepared to draft a new proposal for a system to regulate and profit from sports betting. However, he added that the proposal would need legislative sanction and it is not clear when legislature would consider the topic.

The next regular session of the legislature is scheduled on 9 January 2019. If ruling political entity deems so, it can convene a special session before that to discuss sports betting.

While Malloy will leave office on January 8th, he has talked with legislative leaders regarding talks his administration has had with the two tribal casinos and other entities from the state. The governor asked lawmakers to tell him within a week if they are interested in treating the issue soon or do it with his successor.

“The bottom line is in the last few weeks real action has taken place,” Malloy said after the meeting with legislative leaders. “People have started to move in a direction where I think an agreement could ultimately be reached with respect to who could operate within our state, how they would operate within their state, what could be bet on, and the like. It’s possible an agreement could be reached and legislative action could be called upon. I asked them for input on that matter, whether they intend to come into session.”

“This is about competitiveness,” he said, and added: “I think it really is more about… maintaining market share and perhaps capturing a portion of the illegal gaming revenue that is generated.”

Source: Focus Gaming News