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Connecticut Lottery reports iLottery growth, new retail sportsbooks and steady transfers to general fund

2154131 · January 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

New Connecticut Lottery CEO Frank Suarez told lawmakers the agency launched iLottery in June 2024, has added retail sportsbook locations with Fanatics, and returned $387 million to the general fund in fiscal 2024; he stressed continued emphasis on responsible gaming and technical integrity of the gaming system.

Frank Suarez, president and CEO of the Connecticut Lottery Corporation (CLC), told the General Law Committee that the lottery’s 2024 operations included the launch of iLottery and continued growth in sports wagering handled by the agency’s retail and online partnerships.

Suarez said CLC reported $1.7 billion in sales in fiscal 2024, returning $387 million to the state general fund. He said prizes accounted for about 67.6 percent of sales and that the CLC network of more than 2,800 retailers earned roughly $85.3 million in commissions. Suarez described the new gaming system that went live in 2023 as having processed more than 605…

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