CT online gambling has only been live for a couple of weeks, but it already seems to be attracting NY sports and casino fans – and Gov. Hochul should pay close attention
Some fascinating data from iGaming geolocation specialist GeoComply was released in the past week.
GeoComply found that during the recent soft launch in Connecticut of online sports betting and casino products, a large share of the traffic and wagers actually came from the south-west corner of the Constitution State.
As much as 38% of the total traffic originated from the towns of Stamford and Bridgeport – particularly where they intersect with the I-95 corridor, the main route into New York state
This data strongly suggests that New Yorkers are willing to travel outside of the state to place legal online bets - and they won’t wait for the expected legalization of sports early in 2022.
But the GeoComply data also raises a couple of interesting questions about how the future will play out in New York and neighboring states, even once sports betting (and one day, casino) does get the go-ahead.
The USA is perhaps the most complicated online gambling market in the world. As more and more states legalize casinos and sportsbooks, then there will be inevitable clashes of interest between them - especially on the densely populated east coast. Still, competition is good for consumers (in this case, gambling fans), and tax competition is no different. We just hope state regulators in Albany can see that before pushing operators into working for uncompetitive tax rates.