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The Connecticut Lottery Corporation is on the hunt for a new sports betting partner. This comes after Rush Street Interactive announced plans to end its current partnership with the Connecticut Lottery. The successful bidder will be tasked with providing a sports betting platform for both online and retail sportsbooks, as well as a new Daily Fantasy Sports platform.
The selection process will prioritize a potential bidder's ability to provide a seamless transition from the current platform to its own, minimizing any disruptions to existing products and services. The Connecticut Lottery Corporation wants to ensure that players in the state continue to enjoy a top-notch sports betting and Daily Fantasy Sports experience.
The bidding process has already started, and meetings between lottery officials and bidding companies are scheduled for April 17th through 21st. Written requests must be submitted by April 24th, and a preliminary notice of award is expected by June 14th. The launch of the new platform is likely to take place in the final quarter of 2023.
The winning bidder will hold a license for an initial period of eight years with a renewal option for an additional five years. This represents a significant opportunity for a company to establish itself as a leader in the sports betting and Daily Fantasy Sports industry in Connecticut.
To ensure that the process runs smoothly, the Connecticut Lottery Corporation has outlined specific requirements in its Request For Proposals (RFP). This includes the need for a potential bidder to work collaboratively with the current operator to import all player data into its system, as well as to create a messaging and marketing plan to address the transition period from the current system to the new one.
In conclusion, the Connecticut Lottery Corporation is committed to finding a new sports betting partner that can provide a top-notch experience for players in the state. The bidding process is underway, and the winning bidder will hold a license for an initial period of eight years with a renewal option for an additional five years.