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Rush Street Interactive enters partnership with Connecticut Lottery Corporation

12 Aug 2021

(PRESS RELEASE) -- Rush Street Interactive, Inc., a leading online casino and sports betting company in the U.S., today announced that it has been selected by the Connecticut Lottery Corporation as its sports betting operations partner for the CLC’s soon-to-launch sports wagering business. Through this 10-year agreement and subject to regulatory approvals, RSI will serve as the CLC’s exclusive provider of a state-of-the-art sports betting system for mobile, online, and retail channels, as well as the operator of the CLC’s mobile/online sportsbook.

"We are honored to be selected by the CLC to bring sports betting to the state and people of Connecticut," said Richard Schwartz, President of RSI. "This partnership represents a significant milestone for RSI, as the trust and confidence of a state-backed organization such as the CLC further validates the strength of our award-winning online gaming platform and customer service. Building on our proven track record of success in the tri-state area, where RSI was an early entrant in New Jersey and is the market leader in retail sports betting amongst New York’s commercial casinos, we are thrilled to collaborate with the CLC team to offer Connecticuters safe, convenient, and unique gaming experiences."

Subject to RSI’s receipt of a license from the Connecticut Department of Consumer Protection, the CLC, in partnership with RSI, will have the right to operate a statewide online sports betting skin and up to 15 retail sports betting locations, including venues in Hartford, Bridgeport, and other high-traffic locations spread throughout the state. The CLC is one of only three entities in Connecticut with rights to operate mobile and retail sports betting and is the only entity with the ability to operate retail sports betting outside of tribal territories. The Connecticut Lottery Corporation is a billion-dollar enterprise with nearly 3,000 retailers throughout the state. 11 of the CLC’s sports betting retail locations will be located in seven of the state’s 10 most-populous cities, serving more than a quarter of Connecticut’s population.

"Rush Street Interactive is a respected sports betting and gaming company that has established itself as a leading innovator in the industry," said Rob Simmelkjaer, Chairman, CLC Board of Directors. "We are impressed not only with RSI’s successes in other jurisdictions, particularly in neighboring New York and New Jersey, but also its commitment to responsible gambling practices."

"We look forward to working with the team at Rush Street Interactive," said Greg Smith, CLC President & CEO. "We had 15 quality proposals from well-established gaming companies, and RSI rose to the top through the combination of its experience and commitment to quality products, customer service, and responsible gaming safeguards. We’re excited about this partnership and know our players will be getting an excellent product and customer service."

RSI is currently live in eleven jurisdictions, including ten states and one international market, Colombia. Based on publicly available data, RSI is the market leader in the three most populous states that have legalized retail sports betting – Illinois, Pennsylvania and New York – and is a top five online sports betting company in the United States per gross gaming revenues over the past 12 months, according to a July 2021 report from industry market research firm, Eilers & Krejcik.

Mr. Schwartz concluded, "As gaming comes online in more and more states across the country, RSI continues to establish itself as a leader in the industry. By leveraging our in-house technology and platform, along with our proven operations, we believe we can deliver strong value and results to forward-thinking government entities or businesses. We continue to make rapid strides in our expansion and in the successful execution of our omnichannel approach to delivering best-in-class products and services to online and retail customers alike."
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