Rush Street and Connecticut Lottery to wind down sports betting deal

Stop sign
Image: Shutterstock

Rush Street Interactive has come to a joint agreement with the Connecticut Lottery Corporation to wind down their online and in-person sports betting deal in the state.

While the CLC begins to look for a new sportsbook partner, RSI will continue to operate the state lottery’s sports wagering services until a replacement is found, with a transition expected to take place in the second half of 2023.

“We thank RSI for working closely with CLC to establish the foundation for CLC’s sports betting operation, both online and in retail,” commented Gregory Smith, President of the CLC.

Richard Schwartz, CEO of RSI, added: “We thank the CLC for their partnership over the last two years. We are proud of what we have accomplished together in Connecticut and have enjoyed the relationships that we have built with the players.

“Consistent with our long-term strategic goals, after much deliberation and discussions with the CLC, we believe it is in the best interest of RSI and our stockholders to wind down this partnership.”

Wagers placed on and in-person at retail locations will continue to be valid and all wins will be paid out appropriately, with RSI continuing to work with CLC to make sure any disruptions are minimalised.

Schwartz continued: “As is consistent with nearly everything we do at RSI, both RSI and the CLC remain committed to putting our players first.

“Through the transition, we plan to continue to support all player wagers and ensure a positive player experience and expect the changeover will have an immaterial impact on our guidance for 2023.”