Connecticut is taking another step towards legalizing sports betting. This time it is the House of Representatives that is acting on this issue. Last session, the Senate voted to legalize sports betting, but the House has yet to take up the measure. The lack of support for this legislation is one of the reasons that the Senate has not passed the House bill. If the House passes the measure this time, it will be just the second state to legally legalize sports betting.
Representative Joe Di Gaeth, who is the sponsor of one of the bills, hopes that it will spur growth in the gambling industry in Connecticut. He believes that the new laws will help municipalities and colleges provide entertainment options for students who want to enjoy college basketball, football, baseball or hockey. He sees the economic benefits of the bill, but thinks there are a few problems with it. He wants to see things taken care of before he sees gambling go legalized in the state.
The Governor Malloy is expecting to sign the new law. He has previously stated that he supports the idea of legalizing sports betting. However, he realizes that if it is legalized in only one state, other states will become competitors. The new governor feels that the House of Representatives has not gone through the committee process properly and that there are many issues that still need to be ironed out. He also hopes that the House can come up with a final bill by July 1st, which is the usual deadline by which legislation must be passed.
Other state lawmakers are supporting the idea of legalizing retail sports betting. Representatives Lee Russell, who represent the Connecticut House and Representatives Leezanquin and Jeffries also want to see the House of Representatives to pass the bills. State Senator George Allen is sponsoring a bill that would legalize casino poker chips and has the support of several other legislators including Senator Richard J. Bachmann. Although other politicians have expressed their support for legalizing retail betting, no one is sure when it might become law. Whether it becomes law this year or next, the push for it by politicians and state representatives is an indication of how serious they are about promoting legalized gaming.
Although most representatives support the idea of legalized sports betting, it is unclear whether the House will pass the bill this session. Most members are opposed to legalizing online gaming because of the concerns about potential violence and cheating associated with online gambling. Others are concerned about additional costs that will result from the new legislation. One of the reasons that the House may not have the opportunity to pass the bill this session is that it is not considered a full committee. In most cases, a bill needs to be passed through both the House and Senate before it becomes a law.
Although Connecticut is the tenth state to legalized sports betting, it is the twenty-third state with a fully licensed sportsbook. The owner of the Connecticut sportsbook is required to be licensed by the Department of Financial Regulation. Only a select few sportsbooks are members of the CTFA, and they must meet certain requirements. Some of the requirements that the members of the CTFA have to meet are that they have to keep detailed records of all transactions that take place on their books, that they provide their customers with prompt communication regarding any issues that may arise, and that they provide accurate and reliable information. In addition to these requirements, only a handful of books have been certified by the Department of Financial Regulation as being insured sportsbooks.
According to Governor Malloy, the proposed legislation would make Connecticut a “seventh level” legal market for online sports betting. He made this comment in an interview with reporters after having received a letter from the Department of Financial Regulation informing him that the proposed laws would be illegal if he did not consult the department and then take action. Malloy has requested that the legislature put off any legislation until he has had time to study and evaluate the impact on the legitimate online bookmakers, and he has also asked the department to submit reports on the feasibility of the law to the General Assemblemen. Malloy has also indicated that he is willing to work with the legislature to strengthen the laws that are already in place.
A number of groups and corporations have been pressing for Malloy’s help in getting the sports betting bill passed, and they are trying to make him do it. One group, representing several counties and cities, have even called on the governor to eliminate or limit the role of the commission that licenses bookmakers. Malloy has indicated that he will consider such a proposal, but he will first look into whether the proposed legislation violates any of the existing federal law, including the U.S. Constitution. This bill could be a potential headache for the upcoming casino games in Connecticut. Several states, like Delaware, already have laws in place that prevent online bookmakers from providing their customers with odds at odds over one hundred and fifty percent. In addition to this measure, Connecticut is working on its own legislative proposal to eliminate the commission that licenses casino games.