Connecticut Gaming Commission
History of the Connecticut Gaming Commission
The Connecticut Gaming Commission (CGC) was established in 1993 as a regulatory body for the state’s gaming industry. The CGC is responsible for licensing and regulating all gaming activities in Connecticut, including casinos, racetracks, and state-run lottery games. The commission also works to ensure that gaming is conducted in a fair and transparent manner, and that it does not adversely impact the state’s economy or social fabric.
Powers and Duties of the Connecticut Gaming Commission
The CGC has a wide range of powers and duties, including:
- Licensing and regulating all gaming activities in Connecticut
- Setting and enforcing standards for gaming operations
- Investigating and prosecuting violations of gaming laws
- Protecting the interests of consumers
- Promoting the responsible gaming of all forms of gambling
Recent Activities of the Connecticut Gaming Commission
In recent years, the CGC has been actively involved in regulating the state’s gaming industry. The commission has issued new regulations for casinos, racetracks, and state-run lottery games. The CGC has also investigated and prosecuted violations of gaming laws. One of the most significant recent activities of the CGC was the licensing of two new casinos in Connecticut. In 2016, the commission issued licenses to MGM Resorts International and Foxwoods Resort Casino to build casinos in the state. The two casinos are expected to generate billions of dollars in revenue for the state and create thousands of jobs. The CGC has also been involved in regulating the state’s lottery games. In 2017, the commission introduced a new lottery game called Cash5. Cash5 is a five-digit lottery game with a top prize of $1 million. The game has been very popular with players, and it has generated millions of dollars in revenue for the state.
Impact of the Connecticut Gaming Commission on the State’s Economy
The Connecticut Gaming Commission has had a significant impact on the state’s economy. The commission’s licensing and regulation of gaming activities has created jobs and generated revenue for the state. The commission has also helped to promote tourism in Connecticut. According to a study by the University of Connecticut, the state’s gaming industry generates more than $5 billion in economic activity each year. The industry supports more than 25,000 jobs and generates more than $1 billion in tax revenue for the state. The gaming industry has also helped to promote tourism in Connecticut. In 2017, more than 20 million people visited Connecticut casinos. These visitors spent an estimated $2 billion in the state.
Conclusion
The Connecticut Gaming Commission is a vital regulatory body for the state’s gaming industry. The commission’s work has helped to ensure that gaming is conducted in a fair and transparent manner, and that it does not adversely impact the state’s economy or social fabric. The commission has also played a significant role in the economic development of Connecticut. Call to Action: For more information on the Connecticut Gaming Commission, visit their website at www.ct.gov/gaming.
Thank you for your visit!
