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    Saturday, May 04, 2024

    State issues provisional licenses for daily fantasy sports

    Gov. Ned Lamont announced Thursday that the state Department of Consumer Protection has issued provisional licenses for the operation of daily fantasy sports in Connecticut, an activity sanctioned by the new law authorizing sports betting and online gaming in the state.

    The law incorporated an agreement Lamont reached earlier this year with the Mashantucket Pequot and Mohegan tribes that allows the tribes and the Connecticut Lottery Corp. to offer online gaming, sports wagering and fantasy contests.

    The provisional licenses were issued to MPTN CT Fantasy LLC, a wholly owned affiliate of the Mashantuckets; MGA Technology DFS LLC, a wholly owned affiliate of the Mohegans; and the lottery. The licenses authorize these entities to operate fantasy contests off the tribes' reservations. Each entity may contract with any individual or entity to operate fantasy contests in Connecticut, provided that entity holds a valid license in at least one other state and makes a payment to the state of Connecticut for past operations.

    MPTN CT Fantasy LLC, has contracted with DraftKings, which was required to pay the state $832,383. MGA Technology DFS LLC has contracted with FanDuel, which was required to pay the state $325,915. The lottery has not yet entered into a contract with a fantasy sports operator.

    The provisional licenses will expire on the earlier of Sept. 30, 2021, or the date on which the more comprehensive licenses provided for in the new law have been issued.

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