The Connecticut Lottery Corporation (CT Lottery) has announced a profit from the Super Bowl weekend, earning six-figure sums at retail.
As reported by Connecticut Public, defeat for the Cincinnati Bengals, alongside the inability of the Los Angeles Rams to cover the points spread, ensured profitability for CT Lottery’s sportsbook, both on mobile and in-person betting operations.
Andrew Walter, Director of Legal and Business affairs for Connecticut Lottery Corporation’s sports betting division, commented: “At retail, Bobby V’s Restaurant and Sports Bar in Windsor Locks and Bobby V’s in Stamford had a successful weekend, taking in at least $100,000 each, on both Saturday and Sunday.
“The Super Bowl was successful from a financial standpoint, as well, achieving a low double-digits hold in both channels.”
Connecticut may be in line to pocket revenue from the 2022 Super Bowl, the first one played since sports betting went live in the state last year.
The state receives 13.75% on sports betting revenue from the lottery and the two tribal nations that run the Foxwoods Resort and Mohegan Sun casinos, the Mashantucket Pequot and Mohegan tribal nations.
While Mashantucket Pequots did not offer details on its revenue from the Super Bowl, its sports betting partner, DraftKings, did benefit from the Rams’ victory and a total game score that came in under 48.5 combined points, as reported by Connecticut Public.
However, it enjoyed less success on point spread bets and three out of the five of its most popular prop bets.
Anika Howard, President and CEO of Mashantucket Pequot Interactive, said: “Foxwoods and DraftKings enjoyed a strong weekend of sports betting, consistent with our expectations for a Super Bowl.
“Given what we saw in betting patterns, and the outcome of the game, we had a lot of happy customers.”
FanDuel, sports betting partner of Mohegan Sun, highlighted a couple of options bettors had for the game.
“New FanDuel Sportsbook customers also had a great night with the Rams comeback —$38m was paid out to new customers as part of FanDuel Sportsbook’s 56-1 offer,” added Kevin Hennessy, Director of Publicity at FanDuel.
“Overall, even though the Rams won the game, they did not cover the 4.5 point spread, giving some solace to Bengals bettors who won more than $17m on the spread market in pre-match betting.”