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Can I offer a sports betting product in Connecticut? What are the requirements?

Yes, you can offer a sports betting product in Connecticut, but you must comply with the state's regulations. The Connecticut Lottery Corporation is the only entity authorized to operate sports betting in the state [1.1][1.4]. To become a sports wagering retailer, you must obtain a sports wagering retailer license from the Connecticut Department of Consumer Protection [1.2].Requirements for Obtaining a Sports Wagering Retailer LicenseTo apply for a sports wagering retailer license, you must submit an application on a form and in a manner prescribed by the department. The application must include, but is not limited to, submitting the following:The initial application fee for a sports wagering retailer license is $20,000, and the annual renewal fee is also $20,000 [1.2].Additional Requirements for Conducting Sports WageringAny electronic wagering platform used to conduct online sports wagering or retail sports wagering must be developed to verify that an individual with an account for online sports wagering or retail sports wagering is 21 years of age or older and is physically present in the state when placing a wager [1.3].Master Wagering License RequirementsUpon completion of the requirements set forth in sections 12-852(a) and 12-853(a) of the Connecticut General Statutes, the commissioner may issue a master wagering license to the Connecticut Lottery Corporation, the Mashantucket Pequot Tribe, or an instrumentality of or an affiliate wholly-owned by said tribe, as approved by the department [2.1].ConclusionTo offer a sports betting product in Connecticut, you must obtain a sports wagering retailer license from the Connecticut Department of Consumer Protection. The Connecticut Lottery Corporation is the only entity authorized to operate sports betting in the state. Additionally, any electronic wagering platform used to conduct online sports wagering or retail sports wagering must be developed to verify that an individual with an account for online sports wagering or retail sports wagering is 21 years of age or older and is physically present in the state when placing a wager.