Rush Street Interactive Incorporated and The Connecticut Lottery Corporation to Wind Down Partnership
Rush Street Interactive (NYSE: RSI) and the Connecticut Lottery Corporation (CLC) today announced a joint plan to wind down their online and in-person sports betting partnership in Connecticut. The CLC will begin the process of pursing a new operator through a request for proposals in the coming days.
RSI will continue to operate online and in-person sports betting in Connecticut on behalf of the CLC until a replacement is selected. RSI and the CLC currently expect to transition the existing sports betting operations during the second half of 2023.
Players on the PlaySugarHouse.com online platform or at any of the nine Connecticut retail locations can be confident that any wagers placed will continue to be valid and all wins will continue to be paid out appropriately. RSI is continuing to work closely with the CLC to minimize any potential disruptions to players or business partners as the operation is wound down.
“We thank RSI for working closely with CLC to establish the foundation for CLC’s sports betting operation, both online and in retail,” the President of the CLC, Gregory Smith, said.
“We thank the CLC for its partnership over the last two years,” the Chief Executive Officer for RSI, 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.”
PlaySugarHouse.com and the Connecticut retail sports betting location will continue to operate as normal until a replacement operator is found, at which point operations will be transitioned to the new operator. Players with questions can always contact RSI’s award-winning customer service 24/7 at 1-800-622-0163.
More information related to the timing of selecting a new operator and transitioning online and retail sports wagering to that operator will be shared by the CLC as details for a transition are determined.