Bridgeport – Bridgeport Mayor and Democratic candidate for governor Joe Ganim supports calling the legislature in for special session to vote on a measure legalizing sports betting in Connecticut. Senate Bill 540 was passed by the General Assembly’s Finance, Revenue and Bonding Committee but was not called for a vote in the Senate before the legislature adjourned last week. The U.S. Supreme Court has now ruled that states can now legalize and regulate sports gaming, and Governor Dan Malloy is planning to call lawmakers in to tackle this important issue in special session in the near future.
“Now that the U.S. Supreme Court has granted permission, Connecticut should approve and regulate sports betting as soon as possible,” said Ganim. “Sports betting is a huge underground industry in Connecticut and across the country, and the legal sports betting industry would create new jobs and boost the state economy at no cost to Connecticut taxpayers. I support Governor Malloy’s call for a special session to approve legal sports betting and open this new revenue stream to help state government meet its obligations.”
A recent study indicates that Connecticut residents spend around $600-Million on illegal sports betting each year. Illegal bookmakers are reaping $36-million in annual profits. Studies also show that the state could collect at least $44-Million in taxes and fees each year through legalized sports gaming.