Bill Comes Soon After Proposal to Ban Industry
SB 1464 was proposed just a week after another bill to ban sports betting was introduced. While re-enacting a ban on the industry hasn’t gained much support in the state legislature, it shows that concern over problem gambling is growing. As a result, some lawmakers have begun to look for ways to crack down on the problem without losing the industry.
It will take time to see how much support daily maximums will have among lawmakers. If the bill can gain momentum, it could lead to other markets following suit. While daily maximums would cut into the tax revenue generated by sports betting, some consider that a better outcome than a total ban.
How Will Sportsbooks Respond?
Online sports betting operators have quickly opposed bills limiting potential revenue, but this is different. Instead of the state increasing its tax revenue, this proposal would result in financial losses for both sides. That shows that the supporters of SB 1464 prioritize the public over profit, making it a unique challenge for opponents.
We expect the state’s sportsbooks to oppose this bill, but time will tell what that will look like. The industry has argued that citizens should have the right to spend their money as they see fit, but that has worked better in conservative states than the liberal northeast. Given the alarming rise in gambling addiction, don’t be surprised if SB 1464 gains strong support over the final month of the legislative session.
Many Sports Betting Bills Being Considered in CT
SB 1464 is attracting considerable industry attention, but it is just one of many sports betting bills proposed during the 2025 legislative session. The bills include efforts to raise taxes, update bet catalogs, set minimum holds for operators, and legalize betting on airplanes.
