Connecticut Lottery Corporation (CLC) officials are âthrilled to welcomeâ Frank Suarez as the state agencyâs new president and CEO. The June 13 CLC appointment announcement mentions his Aug. 1 start date and regards his tenure leading the DC Lotteryâs online sports betting marketplace as positive, rather than problematic.
Suarez won out in an 11-month-long search that involved about 300 applicants. He has 10 years of relevant experience. Suarez is âbest aligned with CLCâs core values and vision for the future.â
The announcement says all of that.
However, the CT Lottery announcement never mentions Intralot or FanDuel by name.
Instead, CLC lauds Suarez for overseeing positive outcomes from FanDuel Sportsbookâs launch on April 15, 2024. (Again, without mentioning brand names. However, a DC Lottery press release using the exact statistics as CLC makes it clear that the performance reference is about FanDuel Sportsbook.)
The CT Lottery also touts the new CLC president and CEO for his work on the DC Lotteryâs iLottery.
The announcement doesnât mention the CT Lotteryâs troubles launching its own iLottery. The new service soft-launched on June 10, 2024. Thatâs years after the Oct. 19, 2021, launch of Connecticut online casino and sports betting, which were legalized at the same time as iLottery.
In June 2023, International Game Technology (IGT) started work on the Connecticut iLottery app, but officials delayed the launch for a year due to quality control issues.
Connecticut Lottery Bets on Suarez
The CLC announcement said Suarez can help the Connecticut Lottery reach its goals.
CLC Board Chairman Robert T. Simmelkjaer says:
We are thrilled to welcome Frank Suarez as our new President and CEO. His exceptional leadership skills, extensive industry experience, and visionary approach make him the perfect choice to guide our company into the next phase of growth and innovation. We are confident that, under his stewardship, we will continue to achieve remarkable success and continue to deliver value to our players and revenue to the State of Connecticut.
The CT Lottery didnât return repeated requests for comment from Bonus about its iLottery launch.
Suarez and the DC Lottery
Intralot powered the District of Columbiaâs inaugural sports betting app, GambetDC Sportsbook, when the marketplace launched on May 28, 2020.
Suarez arrived at the DC Lottery in August 2021.
By June 2023, DC gaming regulators were accusing Intralot of failing to meet the terms of its contract.
On March 9, 2024, DCâs gaming regulator, the Office of Lottery and Gaming (OLG), said FanDuel would assume GambetDCâs role as a sports wagering subcontractor to Intralot.
On April 15, 2024, FanDuel Sportsbook launched in the district.
DC Lottery and CLC quote the same statistic about FanDuel Sportsbookâs performance from April 15 to May 14.
The CLC lauds Suarez for negotiating and leading the DC Lotteryâs sportsbook conversion, âresulting in an astounding 887% growth in gross gaming revenue within the first 30 days of operation.â
CLC says itâs that experience, including his previous seven years with the North Carolina Education Lottery, that makes Suarez âuniquely qualified to lead CLC into its next phase of growth and innovation.â
The Connecticut Lottery announcement further reads:
Mr. Suarez also helped to revitalize iLottery marketing strategies, launch a new mobile app and expand the DC Lotteryâs game portfolio. These efforts led to a 168% increase in gross gaming revenue, ensuring long-term growth and profitability for the iLottery segment.
Connecticut Lottery Sportsbook Issues
Fanatics Sportsbook partners with CLC.
However, Fanatics Sportsbook is a recent addition. The betting brand that took its first steps in January 2023 took over the Connecticut Lottery contract just 12 months later.
That happened because CT Lotteryâs first online gambling operator, Rush Street Interactive (RSI), ducked out in March 2023. RSI (Rush Street Interactive 13,84 -1,84%) was fewer than two years into a 10-year contract. While online casino enthusiasts are familiar with BetRivers, RSI had operated in Connecticut under its lesser-known brand, PlaySugarHouse.
Meanwhile, Fanatics Sportsbook competes with top US online gambling operators in the state housing 3.6 million residents.
DraftKings (DraftKings 40,51 +2,30%) and FanDuel are paired with two Connecticut tribes.
Foxwoods Resort Casino allows Nutmeggers to bet on DraftKings Casino and DraftKings Sportsbook.
Tribal casino Mohegan Sun partners with FanDuel Group-powered Mohegan Sun Casino and FanDuel Sportsbook. Yes, the FanDuel Sportsbook that CLC credits Suarez as using to help turn around the DC Lotteryâs fortunes.
Perhaps thatâs why the Connecticut Lottery announcement about Suarez doesnât mention FanDuelâs name.
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