Connecticut lawmakers are currently evaluating a significant change in the state’s sports betting laws, which could soon allow bets on in-state college teams like UConn. This move comes as part of a broader discussion on File 271, introduced on April 4, aiming to expand wagering options for bettors interested in UConn games, especially given the team’s recent successful seasons.
Current Betting Restrictions and Proposed Changes
As it stands, betting on UConn and other college teams is limited to placing future bets for tournaments in which these teams participate. However, the proposed legislation seeks to permit betting on regular season games, mirroring laws in states like Massachusetts. This change is expected to generate approximately $1 million annually in revenue starting from FY 2025.
Stakeholder Opinions and Legislative Timeline
The state’s colleges have maintained a neutral stance on this proposal, according to NBC Connecticut. Meanwhile, Governor Ned Lamont and higher education leaders have expressed opposition to betting on UConn games, aligning with NCAA efforts to maintain the integrity of college sports. The legislative session is set to conclude on May 8, by which time the bill could potentially be passed.
Marketing and Advertising Regulations
The bill also addresses gambling advertising restrictions aimed at preventing targeting individuals under 21 years old. It includes provisions such as banning celebrity endorsements and requiring that ads only feature individuals aged 21 or older. Marketing aimed at minors through media and social channels is prohibited, and affiliate marketing deals must not be based on the volume of patrons or wagers.
Implications for the Sports Betting Market
If approved, Connecticut‘s sports betting market, which currently includes three apps: DraftKings, FanDuel, and Fanatics Sportsbook, could see significant expansion. The proposed amendments would enable betting on game outcomes for local college programs such as UConn, Yale, and others within the state. Betting types like point spread, totals, moneyline, and other game prop bets would be legalized; however, college player prop markets would remain prohibited.
Conclusion: A Balanced Approach to College Betting
The initiative to allow betting on in-state college sports teams is a contentious issue that balances potential revenue gains against concerns for the welfare of student-athletes and the integrity of college sports. As the May 8 deadline approaches, all eyes will be on the Connecticut legislature to see if they will pass this transformative betting legislation, potentially changing the landscape of college sports betting in the state.
