Connecticut Reports Positive Impact of Online Casinos on Land-Based Market
Date: 2024-02-16 Author: Dima Zakharov Categories: EVENTS
Connecticut Residents' Attitudes Towards Gambling
A recent study conducted by the Connecticut Department of Mental Health and Addiction Services has unveiled interesting insights into the state's perception of gambling. With over 5,000 residents surveyed, the study found that 67.8% of Connecticut residents are content with the current availability of gambling within the state.
Concerns Over Gambling Harms
Despite the general acceptance of gambling, the study highlighted concerns regarding its potential harms. Over two-thirds of the surveyed population expressed worries about the risks associated with gambling addiction, with 67.2% believing that these risks outweigh the benefits.
Responsibility and Satisfaction
Interestingly, a significant portion of respondents, 70.8%, believe that both gamblers and providers share the responsibility for minimizing gambling-related harms. However, only 17.3% expressed dissatisfaction with the Connecticut government's efforts in this regard.
Positive Impact of Legalized Gambling
On the positive side, legalized gambling in Connecticut has brought about employment opportunities and increased government revenue. Additionally, it has provided financial benefits to tribes and helped in retaining money within the state.
Impact of Online Casinos on Land-Based Market
Connecticut's decision to legalize iGaming, including online casinos, has had a notable impact on its land-based gambling market. A recent report by iDEA indicates that the launch of online casinos in the state has positively influenced the revenue of land-based casinos, contrary to fears of cannibalization.
Conclusion
The findings of this study provide valuable insights into the complex dynamics of gambling in Connecticut and underscore the potential benefits of embracing online gambling platforms alongside traditional land-based establishments.
