Connecticut lottery to find a new sports betting partner
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Rush Street Interactive and the Connecticut Lottery Corporation have announced a joint plan to end their online and in-person sports betting partnership in Connecticut.
THE CLC extension will start pursuing a new operator through a request for proposals in the coming days. CSR will continue to operate online and in-person sports betting in Connecticut on behalf of CLC extension until a replacement is selected. CSR and the CLC extension plans to transition existing sports betting operations during the second half of 2023.
Players on the PlaySugarHouse.com online platform or at any of Connecticut’s nine retail outlets can rest assured that all bets placed will continue to stand and all winnings will continue to be paid out.
Gregory Smith, president of the CLC extensionhe commented: “Thank you CSR for working closely with CLC extension lay the foundation for CLC’s sports betting operations, both online and in retail”.
Richard Schwartz, CEO From CSRsaid: “We thank the CLC extension for their collaboration over the past two years. We are proud of what we have accomplished together in Connecticut and we appreciate the relationships we have built with players. Consistent with our long-term strategic goals, after much deliberation and discussion with the CLC extensionwe believe it is in the best interests of CSR and our shareholders to liquidate this partnership.”
“How it is consistent with almost everything we do CSRBoth CSR and the CLC extension we remain committed to putting our players first. During the transition, we intend to continue to support all player bets and ensure a positive gaming experience and expect the transition to have an intangible impact on our guidance for 2023.”
Connecticut is one of over 30 states in the country with legal sports betting. Rush Street Interactive offers sports betting in many of these jurisdictions.
CSR the stock fell 3.5% Tuesday to about $3 a share.
