Rush Street Interactive (RSI) and the Connecticut Lottery Corporation (CLC) have announced a joint plan to wind down their online and in-person sports betting partnership in the state.
Under the arrangement, RSI will continue to operate sports betting in Connecticut on behalf of the CLC until a replacement is selected, with the CLC to issue a request for proposals in the coming days.
Wagers placed on PlaySugarHouse.com or at any of the nine Connecticut retail locations will remain valid and all wins will continue to be paid out appropriately, with RSI saying it will work with the CLC to minimize any disruptions to players or business partners.
RSI and the CLC expect to transition the existing sports betting operations during the second half of 2023.
“We thank the CLC for their partnership over the last two years,” RSI chief executive Richard Schwartz said. “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.”
“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.”
CLC president Gregory Smith added: “We thank RSI for working closely with CLC to establish the foundation for CLC’s sports betting operation, both online and in retail.”