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Connecticut set to adopt sports betting regulations

Connecticut Governor Dannel Malloy has signed a bill authorising the state to develop sports betting regulations and to increase the number of off-track betting facilities.
The Regional Economic Development Plan authorises the state Commissioner on Consumer Protection to adopt sports betting regulations to regulate “wagering on sporting events to the extent permitted by state and federal law”.
It also increases the number of off-track betting facilities in the state from 18 to 24, which is expected to benefit London listed Sportech, operator of 16 wagering venues in the state.
The final aspect of the bill is the establishment of an advisory council on large entertainment venues, with the aim of coordinating large scale entertainment events and other issues related to the operation of such facilities. Each venue in the state with a seating capacity of more than 5,000 will be entitled to representation on the council.
The bill (HB 6948) was signed into law by Governor Malloy on July 10th.


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