Click Now!

Connecticut’s Only Online Betting Provider Fights Competition

Connecticut’s Only Online Betting Provider Fights Competition

The reign of Connecticut’s only online betting facility, Sportech Venues, is set to continue despite the company’s continual battle with other providers who strive to lure bettors away from the state’s exclusively licensed company.

Connecticut’s Only Online Betting Provider Fights Competition

Sportech Venues, Connecticut’s one and only online betting platform provider, strives to beat illegal competition ahead of the Belmont Stakes.

It is no surprise that state officials support Sportech Venues’ attempt to curb the use of out of state betting websites by Connecticut residents as the state earns 3.5% in taxes from Sportech’s MyWinners.com wagers.

Sportech Venues’ president, Ted Taylor said: “No other site is regulated here or pays the tax that the state should be receiving…

Our operations are closely monitored by the Department of Consumer Protection, thereby ensuring that the highest standards of player protection are in place for local residents.”

The state’s Department of Consumer Protection is fully attuned to Taylor’s concerns and Attorney General George Jepsen sent out close to 30 cease-and-desist letters to website operators who do business with Connecticut residents warning them that their activities are considered illegal.

Jepsen’s actions are timely as the Belmont Stakes, one of the US’ most popular thoroughbred horse races, is always a popular event with many Connecticut residents expected to place their bets online.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments