Connecticut is advancing several sports betting bills to enhance its legal betting landscape since legalization in 2021. Key measures include allowing bets on in-state college teams, correcting betting errors, and establishing simpler two-way betting markets. Aiming for better consumer protection, the bills also propose a maximum hold percentage and consumer opt-out options. This legislative effort follows a record sports betting handle of $243.7 million in December, showing significant year-over-year growth. These changes could significantly influence the state's betting industry, particularly around events such as March Madness.
"The news comes after the state's sports betting operators set a new record for handle in December at $243.7 million, a year-over-year increase of almost 36%."
"House Bill 5563 would allow residents and visitors to bet on Connecticut teams, such as the UConn Huskies, which could be especially popular during March Madness."
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