March 2026 has officially entered the record books as the most competitive month in the history of Connecticut’s sports wagering market.
According to new data from the Department of Consumer Protection, the state’s three licensed operators combined for a massive $217 million in total handle and $17 million in gross gaming revenue.
The Closest Race in America
The headline of the month is the razor-thin margin between the state’s two market leaders. FanDuel (operating via Mohegan Digital) finished just $3 million ahead of DraftKings (partnered with Mashantucket Pequot). This less-than-2% margin represents a level of parity rarely seen in the US, where these two giants often operate with gaps of hundreds of millions of dollars in larger states like New Jersey or Pennsylvania.
Fanatics Sportsbook, operating in partnership with the Connecticut Lottery Corporation, also showed strength, accepting $50 million in wagers and capturing nearly a 25% market share, a stronger performance for the brand compared to most other US jurisdictions.
A Unique Structural Dynamic
Connecticut’s market is defined by its limit of three online “skins,” a cap written into the 2021 tribal-state compact. This fixed competition has created a distinct geographical divide: FanDuel leverages Mohegan Sun’s location along the I-95 corridor toward New York, while DraftKings utilizes the Mashantucket Pequot footprint and heavy Boston-side marketing.
With a flat 13.75% tax rate on adjusted revenue, the state’s General Fund received $2 million in tax receipts for the month. As the market enters Q2 with the NBA and NHL playoffs, all eyes are on whether this tight competitive balance will persist or if the March parity was a promotional outlier driven by the NCAA Tournament.
