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Edward McCarthy, 60, and the four others were charged with professional gambling, possession of gambling records and using a telephone to transmit and receive gambling information.
The others arrested were Bernard McDermott, 48, of West Haven; Angela Consorte, 45, of West Haven; Pasquale Demaio, 67, of North Haven; and Paul Bowen, 50, of West Haven.
The five were arrested by the Connecticut State Polices Statewide Organized Crime Investigative Task Force, which began an investigation of illegal bookmaking operations in North Haven and West Haven in 2006.
McCarthy's home and his West Haven business, a bar called The Dugout, were among sites raided by state police armed with search warrants on Jan. 21.
McCarthy has been a physical education teacher and football coach at West Haven High School since 1983. He ranks second in the state in career wins for a high school coach with 277.
Superintendent of Schools JoAnn Hurd Andrees said McCarthy was continuing to teach at the school and would be allowed to do so while district officials investigate the matter.
"Of course we're concerned," Andrees said. "Were looking into the incident, and we're treating this as we would with any other staff member who might be involved with a similar act. He doesn't appear to be an imminent danger to the children. When we receive all the facts we will act accordingly."
All five suspects surrendered to state police and were released on $2,500 bond.