Delaware Lottery Selects Rush Street Interactive as Their iGaming Partner
The Delaware Lottery has picked Rush Street Interactive (RSI) as their new partner for interactive slot machines and table games online. This choice was not entirely unexpected, as Rush was considered the only candidate remaining after 888 Holdings withdrew their offer in May.
Officials from the lottery expressed their belief that they would find a new iGaming partner by November. Rush Street operates in 15 states through its BetRivers and RushBet platforms, offering online gaming and sports betting opportunities.
Helene Keeley, the director of the Delaware Lottery, stated that Rush is an innovative leader within the gaming industry and a highly-respected iGaming and sports betting company. She praised RSI for their track record in places like New Jersey and Pennsylvania, as well as their dedication to responsible gambling practices.
Delaware was the pioneer in making iGaming legal with online slots and table games, over a decade ago. The Delaware Gaming Competitiveness Act of 2012 permits the state lottery to collaborate with an iGaming operator to provide internet gaming.
Lottery Casinos in Delaware
The three casinos in the state - Delaware Park, Bally's Dover, and Harrington Raceway - are unique, as their slot machines are video lottery terminals (VLTs). The casino owners operate these terminals on behalf of the state lottery. The casinos keep around 44% of the VLT revenue, with the rest directed towards the state lottery.
Around 38% of the terminal revenue goes to the state lottery, 11% to the horsemen, and 7% to vendor fees. For table games, the casinos redirect 15% of the winnings to the lottery and 5% to the horsemen.
Money earned from iGaming helps fund the Delaware General Fund. Anyone aged 21 and older, physically situated within Delaware, has access to the online gaming platform.
The Rush team claims they'll create a cutting-edge online gaming website and app. The contract with the Delaware Lottery runs for five years initially, with the possibility of a five-year extension.
"This partnership marks another significant achievement for RSI, as the trust that lottery officials have in our top-tier online platform and customer service is once again confirmed by this state-backed organization," said Rush Street Interactive CEO Richard Schwartz.
Delaware's iGaming industry is the smallest amongst the six states that allow online gambling. New Jersey's online casinos had gross gaming revenue last year of $1.66 billion, whereas Delaware's iGaming market generated revenue of $136.3 million.
Rush Severed Connecticut Lottery Deal
Rush Street Interactive has previously secured the retail and online sports betting privilege from the Connecticut Lottery through a competitive bidding process. They agreed to ensure the Connecticut Lottery would receive at least $170 million throughout the 10-year contract.
Rush edged out 15 other contenders to win the sports betting contract, which took place when the US sports betting industry was still relatively new and operators were taking considerable risks to gain market access. Less than three years into the partnership, Rush ended the arrangement with the Connecticut Lottery in March 2023.
Read also:
- Remaining contenders down to two in DFB's struggle versus Brazil.
- Schalke's Transfer Assessment: A Season of Wastefulness
- Shocking development in the NBA!
- Law enforcement agencies in various metropolises plan expansive measures for May 1.
Source: www.casino.org
