§ 12-867 — Payments to the state based on gross gaming revenue from online or retail sports wagering. Deposits in youth sports grant account.

Connecticut § 12-867

• Jurisdiction: Connecticut
• Title 12: Taxation
• Ch. 229b: Licensing and Regulation of Online Casino Gaming, Sports Wagering, Fantasy Contests, Keno and Online Sale of Lottery Tickets

Text

(a)(1) A master wagering licensee, if licensed to operate online sports wagering or retail sports wagering pursuant to section 12-852 or 12-853, shall pay to the state for deposit in the General Fund: Thirteen and three-quarters per cent of the gross gaming revenue from online or retail sports wagering authorized under section 12-852 or 12-853, as applicable. Each such licensee shall commence payments under this subsection not later than the fifteenth day of the month following the month that the operation of online or retail sports wagering commences under section 12-852 or 12-853, as applicable, and shall make payments not later than the fifteenth day of each succeeding month, while such retail or online sports wagering is conducted. (2) For calendar months commencing on or after July 1, 2025, the commissioner shall deposit into the youth sports grant account established pursuant to section 4-68aaa two per cent of the amounts received by the state under this section. (b) For purposes of this section, “gross gaming revenue” means the total of all sums actually received by each such licensee from online sports wagering or retail sports wagering, as applicable, less the total of all sums paid as winnings to sports wagering patrons and any federal excise tax applicable to such sums received, provided: (1) The total of all sums paid as winnings to such patrons shall not include the cash equivalent value of any merchandise or thing of value included in a jackpot or payout. (2) Coupons or credits that are issued to patrons for the sole purpose of sports wagering and are linked to sports wagering in a documented way as part of a promotional program and actually played by the patrons shall not be included in the calculation of gross gaming revenue from sports wagering, provided if the aggregate amount of such coupons and credits played during a calendar month (A) exceeds twenty-five per cent of the total amount of gross gaming revenue for that month, for any month during the first year that the operation of sports wagering is permitted, (B) exceeds twenty per cent of the total amount of gross gaming revenue for that month, for any month during the second year that the operation of sports wagering is permitted, or (C) exceeds fifteen per cent of the total amount of gross gaming revenue for that month, for any month during the third or succeeding year that the operation of sports wagering is permitted, then the applicable excess amount of coupons or credits used in such calendar month shall be included in the calculation of gross gaming revenue. For the purpose of this subdivision, the year of operation of sports wagering shall be measured from the date that the first master wagering license is issued pursuant to section 12-852 or 12-853 or the date that regulations, including, but not limited to, emergency regulations, are adopted and effective pursuant to section 12-865 , whichever is later.

Legislative History

(P.A. 21-23, S. 18; P.A. 24-151, S. 111.) History: P.A. 21-23 effective July 1, 2021; P.A. 24-151 amended Subsec. (a) by designating existing provisions re payments to state by master wagering licensee as Subdiv. (1) and adding Subdiv. (2) re deposit into youth sports grant account for calendar months commencing on or after July 1, 2025.