Rush Street Interactive

Rush Street Interactive, Inc. engages in developing, supplying, and operating regulated online gaming sites. It operates real-money online casino and sports wagering in New Jersey and Pennsylvania and also operates online sports wagering in Indiana, Colorado and Illinois. The company was founded by Neil Gary Bluhm, Gregory A. Carlin, and Richard Schwartz in 2012 and is headquartered in Chicago, IL.

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Rush Street Interactive reports record revenues and positive outlook for 2023

Rush Street Interactive (RSI) delivered strong revenue growth and profitability in 2022, with a positive outlook for 2023, focusing on innovation, user experience, and cost management.
While facing challenges such as EBITDA losses and increased G&A costs, RSI's strengths lie in its market share retention, efficient marketing spend, and technological advancements.
The company is well-positioned to capitalize on opportunities in existing and new markets, with a strategic approach to marketing costs and a commitment to driving growth and profitability.

Rush Street Interactive reports strong Q1 growth and eyes expansion

RSI's Q1 2023 showed strong revenue growth, improved margins, and reduced marketing expenses, aiming for positive EBITDA in the second half.
Maintaining a focus on sustainable profitability, RSI is evaluating expansion opportunities in South America and other potential markets.
Challenges include market competition and the impact of exiting Connecticut, with opportunities in Ontario, Michigan, and Latin America.
Strategic initiatives address brand recognition challenges and aim to drive player engagement through innovative online casino experiences.

Rush Street Interactive (RSI) beats Q2 expectations, eyes iGaming expansion

RSI delivered strong Q2 results, surpassing revenue expectations and highlighting profitability. The company's strategic focus on high-value players, technology innovation, and operational discipline drove growth. Raised guidance for the year and aims for adjusted EBITDA profitability in the second half of 2023.

Rush Street Interactive (RSI) excels in Q3, eyes Latin America expansion

Rush Street Interactive (RSI) delivered strong Q3 results with revenue growth, improved EBITDA, and market share gains. While facing industry shifts away from aggressive bonusing, RSI's customer-centric focus and product quality position it well for future growth in new markets and player acquisition.

Rush Street Interactive (RSI) excels in Q4, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial results, exceeding revenue guidance and showcasing growth in key markets like LATAM.
The company's strategic focus on expansion in emerging markets and operational efficiencies bode well for future growth and profitability.
While facing challenges in new markets like Delaware and Brazil, RSI's strengths in financial management and market differentiation position them for success.
RSI's proactive approach to evaluating opportunities and optimizing performance underscores their commitment to sustainable growth and stakeholder value.

Rush Street Interactive excels in Q1, faces valuation concerns

Rush Street Interactive's Q1 2024 earnings call highlighted impressive revenue growth, strong market performance, and strategic leadership decisions.
While facing valuation concerns and strategic queries, RSI remains focused on market expansion, user experience enhancement, and sustained profitability.
With a positive outlook for the year ahead, RSI aims to capitalize on growth opportunities, navigate challenges, and drive continued success in the iGaming industry.

Rush Street Interactive (RSI) excels in Q2, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial performance in Q2 2024, driven by revenue growth and profitability improvements. The company's strategic focus on diversification, market expansion, and customer acquisition yielded positive results, despite facing legislative and regulatory challenges. RSI's proactive approach to exploring new markets and optimizing marketing strategies positions it well for future growth and success.

Rush Street Interactive (RSI) reports record Q3 earnings and growth

RSI's Q3 2024 performance reflects robust growth, revenue diversification, and strong user engagement, underpinned by effective marketing strategies and product innovation.
While facing regulatory risks and market challenges, the company's strategic strengths in customer acquisition, loyalty programs, and financial management position it for continued success.
With raised guidance, expansion opportunities, and a focus on shareholder value, RSI demonstrates resilience and potential for sustained growth in the competitive gaming industry.

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Sports betting stocks are growing in popularity as the industry expands at a rapid rate. Here are nine gambling names you need to know.

9 Top Sports Betting Stocks to Wager On

CHICAGO, Sept. 20, 2021 /PRNewswire/ -- The world's fastest sport is now being played in a new and electrifying head-to-head (H2H) format and only Rush Street Interactive's online sportsbooks are offering betting on it.

Rush Street Interactive Announces An Exclusive Partnership With Magic City Jai-Alai To Offer Sports Betting On The Fast-Action Sport

Rush Street Interactive Inc (NYSE: RSI) is trading higher Thursday on above-average volume as investors focus on trader Will Meade's commentary on the stock via Twitter Inc (NYSE: TWTR). The average session volume is about 1.5 million over a 100-day period.

Why Rush Street Interactive Shares Are Moving Higher Again Today

CHICAGO, Sept. 15, 2021 /PRNewswire/ -- Starting this month, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is premiering city-specific sports betting audio and video podcasts across the U.S. for BetRivers and PlaySugarHouse brands.

Rush Street Interactive Launches Innovative Hyper-Local Sports Betting "CityCasts™," Around The U.S. For Its BetRivers And PlaySugarHouse Sportsbook Brands

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI" or the “Company”), a leading online casino and sports betting company in the United States, today announced that management will participate in a fireside chat at JP Morgan's Gaming, Lodging, Restaurant & Leisure Management Access Forum on Tuesday, September 14, 2021 at 3:30 p.m. Eastern Time. Access to a live audio-webcast of the presentation in listen-only mode will be available through the “Investors” section of t

RSI to Participate at the JP Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

CHICAGO, Sept. 2, 2021 /PRNewswire/ -- BetRivers.com and PlaySugarHouse.com, which are operated by Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), have launched their own branded live-casino studios for players in Pennsylvania and New Jersey.

Rush Street Interactive Launches Exclusive Live Casino Tables On BetRivers And PlaySugarHouse In Pennsylvania And New Jersey

Bally's

FuboTV

Wynn Resorts

So, as its prime time once again for sportsbooks, and as the overall igaming trend continues, which sports betting stocks may be of interest? These 10 appear to be top ones to buy.

10 Sports Betting Stocks to Buy Just in Time for Football Season

CHICAGO, Aug. 30, 2021 /PRNewswire/ -- Today, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is proud to announce the signing of James Blake, whose career-high singles ranking was World No. 4, to an exclusive brand and content deal with BetRivers.com.

Tennis Great James Blake Joins BetRivers As Brand Ambassador

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI" or the “Company”), a leading online casino and sports betting company in the United States, today announced that the Arizona Rattlers (the “Rattlers”), a long-established professional indoor football franchise, designated RSI as their operating partner for online sports betting. In addition to receiving market access in Arizona, RSI will become a major sponsor of the six-time world champion Rattlers. The Arizona Departme

Rush Street Interactive to Bring BetRivers Online Sportsbook to Arizona With the Arizona Rattlers

CHICAGO, Aug. 26, 2021 /PRNewswire/ -- As college football kicks-off this weekend, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is expanding its commitment to college football by signing an exclusive partnership for BetRivers.com  with the Field of 68 and the Field of 12 media network. This innovative media network will include five weekly podcasts produced in conjunction with BetRivers, featuring a number of former college football superstars, covering each of the Power Five conferences in addition to a live, Saturday night broadcast reacting to the biggest games and stories of the day.

BetRivers Signs Exclusive Partnership With Field Of 68 Media Network & Expands To College Football With The Field Of 12

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI" or the “Company”), a leading online casino and sports betting company in the United States, today announced that Richard Schwartz, Co-Founder and Chief Executive Officer will participate in a fireside chat at Craig-Hallum's Online Gaming Conference on Tuesday, August 24, 2021 at 3:30 p.m. Eastern Time. The topic to be discussed will be on “Emerging Opportunities in Latin America.” Access to a live audio-webcast of the pr

RSI to Participate at the Craig-Hallum Online Gaming Conference

CHICAGO, Aug. 19, 2021 /PRNewswire/ -- Rush Street Interactive (NYSE: RSI) ("RSI"), a Chicago-based gaming company, has partnered with Evolution (Nasdaq Stockholm: EVO) to be among the first online casino operators in Michigan to debut the global entertainment company's fan favorite Red Tiger game studio on BetRivers.com.  The newly launched games include Bounty Raid , 777 Strike and Reel Keeper.

Rush Street Interactive Partners With Evolution To Debut Its Red Tiger Online Casino Games In Michigan At BetRivers.com

Golden Nugget Online Gaming

Six months after launching online sports betting, the Michigan market had wagers of $1.69 billion in July, making it one of the top states in the country. Here is a look at the top names for online sports betting and online casino in the state of Michigan.

Big 3 Sports Betting Companies Continue To Dominate Michigan Market

Rush Street Interactive, Inc. (RSI) CEO Richard Schwartz on Q2 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE:RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights Revenue was $122.8 million during the second quarter of 2021, an increase of 89%, compared to $65.0 million during the second quarter of 2020. Net loss was $14.0 million during the second quarter of 2021, compared to a net loss of

Rush Street Interactive Announces Second Quarter 2021 Results and Raises Full Year 2021 Guidance

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE:RSI) ("RSI" or the “Company”), a leading online casino and sports betting company in the United States, today announced that Richard Schwartz, Co-Founder and President, has been promoted to Chief Executive Officer and Greg Carlin has been named Vice Chairman, effective immediately. Mr. Schwartz will also join the Company's Board of Directors (the “Board”). Co-Founder and Executive Chairman of RSI Neil Bluhm commented, “Greg and I hav

Rush Street Interactive Appoints Richard Schwartz Chief Executive Officer; Names Greg Carlin Vice Chairman

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced that it has been selected by the Connecticut Lottery Corporation (“CLC”) 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 m

Rush Street Interactive Enters Into Sports Betting Partnership With the Connecticut Lottery Corporation

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced that it has made a minority investment in Boom Entertainment (“Boom”), a premier game developer and technology provider that has created and operated some of the most successful sports gaming apps in the United States on behalf of numerous leading brands. In addition to the investment, RSI and Boom have entered into a comprehensive

Rush Street Interactive Invests in Online Casino Supplier & Technology Provider Boom Entertainment; Secures Mobile Sports Betting and Casino Market Access Rights in Louisiana, Mississippi, and New Mexico

CHICAGO, Aug. 10, 2021 /PRNewswire/ -- Today, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based company, is proud to announce the signing of Mike Ditka, NFL Hall of Famer and former Chicago Bears player and coach, to a multi-year agreement.  Ditka will be an NFL brand ambassador exclusively for BetRivers.com, the Bears Official and Exclusive Sportsbook Partner.

NFL Hall of Famer and Chicago Legend Mike Ditka Joins BetRivers, The Bears Official & Exclusive Sportsbook Partner, As Brand Ambassador

Could the online gambling company be a buyout target soon?

Why Shares of Rush Street Interactive Jumped 16.2% on Monday

Rush Street Interactive Inc (NYSE: RSI) is trading higher Monday following DraftKings Inc's (NASDAQ: DKNG) acquisition of Golden Nugget Online Gaming Inc (NASDAQ: GNOG), which has possibly raised M&A speculation in the gaming and sports betting sectors.  DraftKings announced that it entered into a definitive agreement to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion.

What's Up With Rush Street Interactive's Stock Today?

Score Media and Gaming

Consolidation in the sports betting industry could be coming with investors digesting the acquisition of Score Media and Gaming Inc (NASDAQ: SCR) by Penn National Gaming, Inc (NASDAQ: PENN). The highly competitive sports betting market and push to acquire customers and market share could lead to further consolidation after Thursday's buyout announcement.

3 Sports Betting Stocks That Could Get Bought Out Next

CHICAGO--(BUSINESS WIRE)--Ernst & Young LLP (EY US) is pleased to announce that Neil Bluhm, Greg Carlin and Richard Schwartz of Rush Street Interactive, Inc. (NYSE:RSI) ("RSI") were named Entrepreneur Of The Year® 2021 Midwest Award winners. The Entrepreneur Of The Year is one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The award recognizes those who are unstoppable entrepreneurial leaders, excelling in talent management; degree of di

EY US Announces Neil Bluhm, Greg Carlin and Richard Schwartz of Rush Street Interactive as Entrepreneur Of The Year® 2021 Midwest Award Winners

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its second quarter 2021 results after the market close on Thursday, August 12, 2021, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results. RSI's earnings press release and related materials will be available at ir.rushstreetinteractive.com. To listen to the audio webcast and live Q&A, please visit RSI's investor relations website at

Rush Street Interactive Announces Second Quarter 2021 Earnings Release Date

CHICAGO, July 28, 2021 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading Chicago-based online gaming company that operates sportsbooks in ten markets, and GTG Network, a pre-eminent data insights, gamification and technology company announced today that they have agreed to a multi-year co-exclusive partnership to offer GTG's world-renowned iSport Genius data facts and insight. The "Best-in-Class" iSport Genius product is now live in every state where RSI operates its award winning online sportsbook, BetRivers.com , which includes Pennsylvania, Illinois, Indiana, Michigan, Colorado, Iowa, and Virginia.

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