Sportech, a highly-regulated partner of the State of Connecticut, provides legal, taxed pari-mutuel wagering on horse and greyhound racing and on jai alai at its 16 venues, through a telephone wagering service, and through a legal and regulated online wagering website, MyWinners.com.
Sportech Consumer Brands in Connecticut
Why should Sportech provide Sports Betting in Connecticut?
Since purchasing the Off-Track Betting System from the State in 1993, Sportech has operated as a good corporate citizen, offering safe, legal and regulated gaming entertainment, and contributing hundreds of millions in tax revenues to the State and to the local communities in which it operates. In the last six years alone, Sportech has paid over $42 million in state, local, and municipal taxes in Connecticut.
Sportech is already licensed and regulated by the State of Connecticut, through the Department of Consumer Protection, for the conduct of legal gaming. Sportech currently employees 400 employees with the expectation of significantly increasing employment should it be named a provider of Sports Betting in Connecticut.
Sportech can draw from its parent company’s century of broader global experience providing betting products to over 440 licensed customers in highly-regulated markets in the Americas, Europe and Asia—resulting in approximately $12 billion in wagers processed annually by Sportech systems.
We pride ourselves on operating at the highest levels of integrity and working with governing bodies, regulators and official sporting bodies to provide sustainable and socially responsible betting.
Sportech takes its responsibility to its customers very seriously and is operating in highly regulated markets, where the need for responsible behavior is key.
Sportech engages in chartable initiatives through regular corporate giving. In addition, our Bump 50:50 helps foundations raise funds in stadia at sporting and entertainment events, with proceeds supporting the foundations’ charitable missions.
Sportech employs over 800 team members worldwide and takes seriously our responsibly for providing a safe, rewarding work experience and working environment.
We’re working to reduce our impact on the natural environment, with internal initiatives to address resource consumption and with products that help shift from paper-reliant operations to those that are digital.
Sports Betting Facts
Many states, including those that border Connecticut, are currently considering legislation to legalize Sports Betting should the US Supreme Court rule to allow regulation by the states.
Sportech is a qualified, regulated partner to the State of Connecticut and ready to take action on Sports Betting.
Sports Betting can help fill the state budget hole. $12.3m in tax revenues are projected for Year 1 on Sports Betting activity through existing channels and are projected to double within five years.
Don’t let Sports Betting revenues disperse to neighboring states. Massachusetts, New York, Rhode Island, and New Jersey are getting ready to collect Sports Bets; Connecticut should be too.
Direct and Indirect jobs will result from the introduction of Sports Betting in Connecticut.
Legalizing Sports Betting will help eradicate the unregulated and untaxed illegal black market that is currently estimated to cost Connecticut residents $600 million per year, putting consumers at risk, exposing minors to illegal betting activity, and depriving the State of tax dollars.
With over 400 employees throughout the State, and secure brick and mortar and online channels, Sportech is ready to safely introduce Sports Betting.