New Connecticut Bill Would Allow In-State College Sports Betting

While the NCAA pushes to place stricter rules on college betting, including a ban on player props, Connecticut lawmakers are looking to loosen their own rules. A new sports betting bill is being pushed in Connecticut that would allow for sportsbooks to offer odds on local teams. Currently, there is a ban on in-state college betting in Connecticut.

Connecticut Lawmakers Aim To Expand College Betting

The measure is HF 271, and it would lift the ban on in-state collegiate sports betting in Connecticut. Operators would be allowed to offer odds on all local schools. This would be a major boon for Connecticut, which saw the UConn men’s college basketball team win back-to-back NCAA titles. Local fans were unable to wager on UConn during their back-to-back title runs.

It is estimated that an expansion of this level could lead to an increase in annual revenue of up to $1 million. A potential net increase of 1% to 5% of gross gaming revenue is expected. The expansion would also only affect individual games, not allowing for player props.

Lawmakers managed to gain a 21-4 approval from the House Joint Committee on Public Safety and Security. The measure still needs more committee approval before it reaches the House floor for a vote.

HF 271 also looks at sportsbook advertising, as well. Operators would be required to display 21 and older in all their advertising for sports betting and casino games. All DFS, keno, and online lottery advertising would be required to show 18 and older.

Could The Measure Pass?

The measure is poised to do well, especially considering the success of local schools in recent years. With the ban on player props remaining, those in support can point to that as a safety measure to avoid integrity issues. The initial reasoning behind a ban on local schools was to protect the integrity of the game.

Connecticut has seen no major sports betting scandal since the market launched. Additionally, college sports betting interest has been on the rise, with more potential earnings available for the state. If lawmakers view this measure as more of a benefit, especially with the new advertisement requirements, HF 271 could be a success.