NYSE:RSI
Rush Street Interactive Announces Fourth Quarter and Full Year 2022 Results
– Fourth Quarter Revenue of $166 Million, up 27% Year-over-Year –
– Full Year 2022 Revenue of $592 Million, up 21% Year-over-Year –
– Initiating Full Year 2023 Revenue Guidance of between $630 and $700 Million –
– Expect to Achieve Positive Adjusted EBITDA for the Second Half of 2023 –
CHICAGO, March 01, 2023 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the fourth quarter and full year ended December 31, 2022.
Fourth Quarter 2022 Financial Highlights
- Revenue was $165.5 million during the fourth quarter of 2022, an increase of 27%, compared to $130.6 million during the fourth quarter of 2021.
- Net loss was $31.1 million during the fourth quarter of 2022, compared to a net loss of $38.1 million during the fourth quarter of 2021.
- Adjusted EBITDA1 was a loss of $17.3 million during the fourth quarter of 2022, compared to an Adjusted EBITDA loss of $31.2 million during the fourth quarter of 2021.
- Adjusted advertising and promotions expense1 was $63.2 million during the fourth quarter of 2022, compared to $64.0 million during the fourth quarter of 2021.
- Real-Money Monthly Active Users (“MAUs”) in the United States and Canada for the fourth quarter of 2022 were up 22% year-over-year with average revenue per MAU (“ARPMAU”) of $327 during the fourth quarter of 2022.
- As of December 31, 2022, RSI had $180 million of unrestricted cash and cash equivalents.
Full Year 2022 Financial Highlights
- Revenue was $592.2 million during full year 2022, an increase of 21%, compared to $488.1 million during full year 2021.
- Net loss was $134.3 million during full year 2022, compared to a net loss of $71.1 million during full year 2021.
- Adjusted EBITDA1 was a loss of $91.8 million during full year 2022, compared to $65.1 million during full year 2021.
- Adjusted advertising and promotions expense1 was $218.4 million during the full year 2022, compared to $186.9 million during the full year of 2021.
- MAUs in the United States and Canada for the full year 2022 were up 29% year-over-year with ARPMAU of $315 during the year, down 9% year-over-year.
_________________________
1 This is a non-GAAP financial measure. Please see “Non-GAAP Financial Measures” for more information about this non-GAAP financial measure and “Reconciliations of GAAP to Non-GAAP Financial Measures” for a reconciliation of the most comparable measure calculated in accordance with GAAP to this non-GAAP financial measure.
Richard Schwartz, Chief Executive Officer of RSI, said, “We are proud to report another strong quarter and record results for the year, spurred by 95% annual growth in our Latin American and new North American markets launched after 2020. We expect to achieve positive Adjusted EBITDA for the second half of 2023 and continue to be selective as we prioritize investments in markets with higher returns.”
“Looking forward, we will continue to focus on earning and retaining customer loyalty, by treating them well, being thoughtful, developing seamless experiences and reducing friction at every possible point. We have built our proprietary platform and culture around a disciplined operating philosophy, which is reflected in our results.”
Guidance
RSI is initiating revenue guidance for the full year 2023. It expects revenues for the full year ending December 31, 2023 to be between $630 and $700 million. At the midpoint of the range, revenue of $665 million represents 12% year-over-year growth when compared to $592 million of revenues for 2022.
This range is based on certain assumptions, including that (i) only operations in live jurisdictions as of today’s date are included, (ii) all professional and college sports calendars that have been announced come to fruition, including the completion of their 2023 seasons, and (iii) RSI continues to operate in markets in which it is live today.
Recent Business Highlights
- BetRivers went live with online and mobile sportsbook wagering in Maryland in November and in Ohio on New Year’s Day 2023.
- Enhanced technology platform to further personalize casino experiences by player segmentations
- Successful launch of a fully integrated and innovative squares game in our sportsbook.
- Expanded Latin American presence, opening two new state-of-the-art offices in Colombia in advance of additional growth opportunities ahead.
- Continued as an industry leader in responsible gaming achieving the distinction as the first U.S.-based online gaming and betting company to receive accreditations under the Responsible Gambling Council’s RG Check.
Earnings Conference Call and Webcast Details
RSI will host a conference call and audio webcast today at 5:00 p.m. Eastern Time (4:00 p.m. Central Time), during which management will discuss fourth quarter and full year results and provide commentary on business performance and its current outlook for 2023. A question-and-answer session will follow the prepared remarks.
The conference call may be accessed by dialing 1-844-200-6205 for domestic callers or 1-929-526-1599 for international callers. The conference call access code is 885159.
A live audio webcast of the earnings conference call may be accessed on RSI’s website at ir.rushstreetinteractive.com, along with a copy of this press release and an investor slide presentation. The audio webcast and investor slide presentation will be available on RSI’s investor relations website until at least April 1, 2023.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Ohio, Connecticut, Michigan, Indiana, Virginia, Colorado, Maryland, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2022 EGR North America Awards Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Non-GAAP Financial Measures
In addition to providing financial measurements based on accounting principles generally accepted in the United States (“GAAP”), this press release includes certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA, Adjusted Operating Costs and Expenses, Adjusted Net Loss Per Share, Adjusted Net Loss and Adjusted Weighted Average Common Shares Outstanding, each of which is a non-GAAP performance measure that RSI uses to supplement its results presented in accordance with GAAP. A reconciliation of each such non-GAAP financial measure to the most directly comparable GAAP financial measure can be found below. RSI believes that presentation of these non-GAAP financial measures provides useful information to investors regarding RSI’s results of operations and operating performance, as they are similar to measures reported by its public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for any GAAP financial measures and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.
RSI defines Adjusted EBITDA as net income (loss) before interest, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments. Adjusted EBITDA excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash (i.e., depreciation and amortization, and share-based compensation) or are not related to our underlying business performance (i.e., interest income or expense).
RSI defines Adjusted Operating Costs and Expenses as RSI’s GAAP operating costs and expenses adjusted to exclude the impacts of share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Operating Costs and Expenses excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash (i.e., share-based compensation) or are not related to our underlying business performance.
RSI defines Adjusted Net Loss Per Share as Adjusted Net Loss divided by Adjusted Weighted Average Common Shares Outstanding. Adjusted Net Loss is defined as net loss attributable to Rush Street Interactive, Inc. as used in the diluted net loss per share calculation, adjusted for the reallocation of net loss attributable to non-controlling interests, share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Weighted Average Common Shares Outstanding is defined as the weighted average number of common shares outstanding as used in the diluted net loss per share calculation, adjusted for the assumed conversion of the non-controlling interest’s Rush Street Interactive, LP Class A units to Class A common stock of RSI on a one-to-one-basis.
RSI includes these non-GAAP financial measures because management uses them to evaluate RSI’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Management believes that these non-GAAP financial measures provide investors with useful information on RSI’s past financial and operating performance, enable comparison of financial results from period-to-period where certain items may vary independent of business performance, and allow for greater transparency with respect to metrics used by RSI’s management in operating our business. Management also believes these non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics generally eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.
Key Metrics
RSI provides certain key metrics, including MAUs and ARPMAU, in this press release. RSI defines MAUs as the number of unique users per month who have placed at least one real-money bet across one or more of our online casino or online sports betting offerings, and it defines ARPMAU as average revenue for the applicable period divided by the average MAUs for the same period.
The numbers RSI uses to calculate MAUs and ARPMAU are based on internal RSI data. While these numbers are based on what RSI believes to be reasonable judgments and estimates of its customer base for the applicable period of measurement, there are inherent challenges in measuring usage and engagement with respect to RSI’s online offerings across its customer base. Such challenges and limitations may also affect RSI’s understanding of certain details of its business. In addition, RSI’s key metrics and related estimates, including the definitions and calculations of the same, may differ from estimates published by third parties or from similarly-titled metrics of its competitors due to differences in operations, offerings, methodology and access to information. RSI regularly reviews, and may adjust its processes for calculating, its internal metrics to improve their accuracy.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding guidance, RSI’s future results of operations, financial condition or profitability, currency fluctuations, RSI’s strategic plans and focus, anticipated launches of RSI’s current or new offerings in existing or future jurisdictions, player growth and engagement, product initiatives and the objectives of management for future operations. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI’s control and are difficult to predict. Factors that may cause such differences include, without limitation: changes in applicable laws or regulations; RSI’s ability to manage and sustain growth; RSI’s ability to execute its business plan, meet its projections and obtain relevant market access and/or gaming licenses; unanticipated product or service delays; general economic and market conditions impacting the demand for RSI’s products and services; economic and market conditions in the gaming, entertainment and leisure industry in the markets in which RSI operates; the potential adverse effects of COVID-19 on capital markets, general economic conditions, inflation rates, unemployment and RSI’s liquidity, operations and personnel; and other risks and uncertainties indicated from time to time in RSI’s filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Media Contacts:
Lisa Johnson
(609) 788-8548
[email protected]
Investor Contact:
[email protected]
Rush Street Interactive, Inc.
Consolidated Condensed Statements of Operations
(Unaudited and in thousands, except per share data)
| Three Months Ended December 31, | Twelve months ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Revenue | $ | 165,534 | $ | 130,565 | $ | 592,212 | $ | 488,105 | |||||||
| Operating costs and expenses | |||||||||||||||
| Costs of revenue | 106,603 | 86,477 | 414,664 | 332,145 | |||||||||||
| Advertising and promotions | 63,666 | 64,640 | 220,460 | 190,476 | |||||||||||
| General administration and other | 19,371 | 14,868 | 67,561 | 55,518 | |||||||||||
| Depreciation and amortization | 4,259 | 1,650 | 14,325 | 4,245 | |||||||||||
| Total operating costs and expenses | 193,899 | 167,635 | 717,010 | 582,384 | |||||||||||
| Loss from operations | (28,365 | ) | (37,070 | ) | (124,798 | ) | (94,279 | ) | |||||||
| Other income (expenses) | |||||||||||||||
| Interest income (expense), net | 91 | (146 | ) | (573 | ) | (187 | ) | ||||||||
| Change in fair value of warrant liabilities | — | — | — | 41,802 | |||||||||||
| Change in fair value of earnout interests liability | — | — | — | (13,740 | ) | ||||||||||
| Total other income (expense) | 91 | (146 | ) | (573 | ) | 27,875 | |||||||||
| Loss before income taxes | (28,274 | ) | (37,216 | ) | (125,371 | ) | (66,404 | ) | |||||||
| Income tax expense | 2,785 | 907 | 8,961 | 4,688 | |||||||||||
| Net loss | (31,059 | ) | (38,123 | ) | (134,332 | ) | (71,092 | ) | |||||||
| Net loss attributable to non-controlling interests | (22,070 | ) | (27,718 | ) | (95,701 | ) | (51,603 | ) | |||||||
| Net loss attributable to Rush Street Interactive, Inc. | $ | (8,989 | ) | $ | (10,405 | ) | $ | (38,631 | ) | $ | (19,489 | ) | |||
| Net loss per common share attributable to Rush Street Interactive, Inc. – basic | $ | (0.14 | ) | $ | (0.17 | ) | $ | (0.61 | ) | $ | (0.35 | ) | |||
| Weighted average common shares outstanding – basic | 64,272,722 | 59,581,075 | 63,532,906 | 56,265,541 | |||||||||||
| Net loss per common share attributable to Rush Street Interactive, Inc. – diluted | $ | (0.14 | ) | $ | (0.17 | ) | $ | (0.61 | ) | $ | (0.51 | ) | |||
| Weighted average common shares outstanding – diluted | 64,272,722 | 59,581,075 | 63,532,906 | 57,426,885 | |||||||||||
Rush Street Interactive, Inc.
Consolidated Statements of Comprehensive Loss
(Unaudited and in thousands)
| Three Months Ended December 31, | Twelve months ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net loss | $ | (31,059 | ) | $ | (38,123 | ) | $ | (134,332 | ) | $ | (71,092 | ) | |||
| Other comprehensive loss | |||||||||||||||
| Foreign currency translation adjustment | (2,109 | ) | (1,051 | ) | (3,886 | ) | (2,111 | ) | |||||||
| Comprehensive loss | (33,168 | ) | (39,174 | ) | (138,218 | ) | (73,203 | ) | |||||||
| Comprehensive loss attributable to non-controlling interests | (23,564 | ) | (28,483 | ) | (98,441 | ) | (53,168 | ) | |||||||
| Comprehensive loss attributable to Rush Street Interactive, Inc. | $ | (9,604 | ) | $ | (10,691 | ) | $ | (39,777 | ) | $ | (20,035 | ) | |||
Rush Street Interactive, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(Unaudited and in thousands)
Adjusted EBITDA:
| Three Months Ended December 31, | Twelve months ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net loss | $ | (31,059 | ) | $ | (38,123 | ) | $ | (134,332 | ) | $ | (71,092 | ) | |||
| Interest (income) expense, net | (91 | ) | 146 | 573 | 187 | ||||||||||
| Income tax expense | 2,785 | 907 | 8,961 | 4,688 | |||||||||||
| Depreciation and amortization | 4,259 | 1,650 | 14,325 | 4,245 | |||||||||||
| Change in fair value of warrant liability | — | — | — | (41,802 | ) | ||||||||||
| Change in fair value of earnout interests liability | — | — | — | 13,740 | |||||||||||
| Share-based compensation expense | 6,790 | 4,207 | 18,691 | 24,912 | |||||||||||
| Adjusted EBITDA | $ | (17,316 | ) | $ | (31,213 | ) | $ | (91,782 | ) | $ | (65,122 | ) | |||
Adjusted Operating Costs and Expenses:
| Three Months Ended December 31, | Twelve months ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| GAAP operating costs and expenses: | |||||||||||||||
| Costs of revenue | $ | 106,603 | $ | 86,477 | $ | 414,664 | $ | 332,145 | |||||||
| Advertising and promotions | 63,666 | 64,640 | 220,460 | 190,476 | |||||||||||
| General administration and other | 19,371 | 14,868 | 67,561 | 55,518 | |||||||||||
| Depreciation and amortization | 4,259 | 1,650 | 14,325 | 4,245 | |||||||||||
| Total GAAP operating costs and expenses | $ | 193,899 | $ | 167,635 | $ | 717,010 | $ | 582,384 | |||||||
| Non-GAAP operating cost and expense adjustments: | |||||||||||||||
| Costs of revenue1 | $ | (248 | ) | $ | (297 | ) | $ | (987 | ) | $ | (1,808 | ) | |||
| Advertising and promotions1 | (516 | ) | (634 | ) | (2,048 | ) | (3,605 | ) | |||||||
| General administration and other1 | (6,026 | ) | (3,276 | ) | (15,656 | ) | (19,499 | ) | |||||||
| Depreciation and amortization | — | — | — | — | |||||||||||
| Total non-GAAP operating cost and expense adjustments | $ | (6,790 | ) | $ | (4,207 | ) | $ | (18,691 | ) | $ | (24,912 | ) | |||
| Adjusted operating costs and expenses: | |||||||||||||||
| Costs of revenue | $ | 106,355 | $ | 86,180 | $ | 413,677 | $ | 330,337 | |||||||
| Advertising and promotions | 63,150 | 64,006 | 218,412 | 186,871 | |||||||||||
| General administration and other | 13,345 | 11,592 | 51,905 | 36,019 | |||||||||||
| Depreciation and amortization | 4,259 | 1,650 | 14,325 | 4,245 | |||||||||||
| Total adjusted operating costs and expenses | $ | 187,109 | $ | 163,428 | $ | 698,319 | $ | 557,472 | |||||||
- Non-GAAP operating cost and expense adjustments for the three-and-twelve months ended December 31, 2022 and 2021 include Share-based compensation expense.
Rush Street Interactive, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(Unaudited and in thousands, except share and per share data)
Adjusted Net Loss, Adjusted Weighted Average Common Shares Outstanding and Adjusted Net Loss Per Share:
| Three months ended December 31, | Twelve months ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Adjusted Net Loss | |||||||||||||||
| Net loss attributable to Rush Street Interactive, Inc. – diluted1 | $ | (8,989 | ) | $ | (10,405 | ) | $ | (38,631 | ) | $ | (29,058 | ) | |||
| Adjustments: | |||||||||||||||
| Net loss attributable to non-controlling interests | (22,070 | ) | (27,718 | ) | (95,701 | ) | (51,603 | ) | |||||||
| Change in fair value of warrant liabilities attributable to non-controlling interests | — | — | — | (32,233 | ) | ||||||||||
| Change in fair value of earnout interests liability | — | — | — | 13,740 | |||||||||||
| Share-based compensation expense | 6,790 | 4,207 | 18,691 | 24,912 | |||||||||||
| Adjusted Net Loss | $ | (24,269 | ) | $ | (33,916 | ) | $ | (115,641 | ) | $ | (74,242 | ) | |||
| Adjusted Weighted Average Common Shares Outstanding | |||||||||||||||
| Weighted average common shares outstanding – diluted2 | 64,272,722 | 59,581,075 | 63,532,906 | 57,426,885 | |||||||||||
| Adjustments: | |||||||||||||||
| Conversion of weighted average RSILP units to Class A Common Shares | 156,255,867 | 159,657,590 | 156,660,156 | 159,335,977 | |||||||||||
| Adjusted Weighted Average Common Shares Outstanding | 220,528,589 | 219,238,665 | 220,193,062 | 216,762,862 | |||||||||||
| Net loss per common share attributable to Rush Street Interactive, Inc. – diluted | $ | (0.14 | ) | $ | (0.17 | ) | $ | (0.61 | ) | $ | (0.51 | ) | |||
| Adjusted Net Loss per Share | $ | (0.11 | ) | $ | (0.15 | ) | $ | (0.53 | ) | $ | (0.34 | ) | |||
- Net loss attributable to Rush Street Interactive, Inc. – diluted for the twelve months ended December 31, 2021, includes the Net loss attributable to Rush Street Interactive, Inc. adjusted for the dilutive effect of previously outstanding warrants that were redeemed in March 2021 (i.e., the portion of the change in fair value of warrants attributed to Rush Street Interactive Inc.). There was no dilutive effect for the three months ended December 31, 2021 or the three-and-twelve months ended December 31, 2022.
- Weighted average common shares outstanding – diluted for the twelve months ended December 31, 2021, includes the basic number of weighted average common shares outstanding, adjusted for the dilutive effect of previously outstanding warrants that were redeemed in March 2021 using the Treasury Stock Method. There was no dilutive effect for the three months ended December 31, 2021 or the three-and-twelve months ended December 31, 2022.
Powered by WPeMatico
NYSE:RSI
Rush Street Interactive Launches Multi-State BetRivers Poker Network, Unifying Players Across Four States
Backed by two poker legends, Phil Hellmuth and Phil Galfond, BetRivers Poker Expands from Pennsylvania to the states of Michigan, Delaware, West Virginia
CHICAGO, June 10, 2025 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced the launch of its proprietary online poker platform, BetRivers Poker, into Delaware, Michigan, and West Virginia. Following a successful debut in Pennsylvania last November, this multi-state expansion marks a major milestone: merging player pools across four states to create a larger, more competitive network. Players can now compete across state lines, resulting in bigger tournament prize pools, deeper cash-game fields, and more consistent action.
The launch of a unified cross-state player pool significantly enhances the BetRivers Poker experience,” said Richard Schwartz, CEO of RSI. “By expanding the network, we’ll bring more players to our tables, offer a wider variety of games, and raise the stakes with larger tournament prize pools. We’re thrilled to strengthen our poker footprint and deliver best-in-class competition and community-driven play across multiple states.”
RSI also plans to launch BetRivers Poker in New Jersey later this year. Additionally, the RSI platform remains integrated with Rivers Casinos in Pennsylvania, providing players with in-person poker opportunities and live events.
Built by Poker Players, for Poker Players
BetRivers Poker was developed with direct input from the poker community, led by poker pro and industry innovator Phil Galfond, who helped design the platform’s gameplay, features, and rewards.
“As poker players, we built this platform for the players – all of them,” said Galfond. “From brand-new poker players to seasoned pros, we focused on fairness, fun, unique features, and meaningful player rewards. I’ve been involved from day one to help shape BetRivers Poker into a platform that delivers the best possible player experience.”
Recently joining Galfond is 17-time WSOP champion and global poker icon Phil Hellmuth, who brings his larger-than-life personality and passion for the game to the BetRivers Poker brand. Hellmuth brings his competitive insight to the brand, amplifying reach and player engagement through media, live events, and digital content. “I’ve won more bracelets than anyone in history because I know how poker players think and BetRivers delivers what they want: real competition, big moments, and a championship experience,” said Hellmuth.
Innovative Features and Varied Formats
BetRivers Poker offers a comprehensive suite of game formats, including cash games, Sit & Go tournaments, and Multi-Table Tournaments (MTTs). Notable features include:
- Dynamic Avatars: React to gameplay with playful, real-time expressions
- Cub3d Sit & Go Tournaments: Players can win up to 1500x their buy-in
- Intuitive, Player-Driven Design: Based on community feedback
Expanding Poker’s Reach through Content and Community
BetRivers Poker continues to grow its digital presence through its long-running Poker Night in America (PNIA) televised show and the new PokerBratTV on YouTube. Poker fans can engage with exclusive content, player interviews, live-streamed events, and even compete alongside legends like Hellmuth and Galfond.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI’s expectations about its online poker offerings and its multi-state launch, potential future market launches, what RSI’s anticipated offerings and benefits arising from its online poker offering will include and its future performance with respect to the same. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI’s control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI’s most recent Annual Report on Form 10-K, including those under “Risk Factors” therein, and in RSI’s other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Contacts
Media: [email protected]
Investors: [email protected]
NYSE:RSI
BetRivers Expands PropPacks, Following NBA Success, to include MLB, Delivering a Home Run Experience for Baseball Fans
The innovative digital baseball card game, which leverages the thrill of prop bets, is a highly engaging and differentiated way to provide more opportunities to win and offer extra value to players at BetRivers Sportsbook
CHICAGO, May 29, 2025 (GLOBE NEWSWIRE) — After the tremendous success of NBA PropPacks, Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), which operates the BetRivers Sportsbook, is now bringing that same winning excitement to baseball fans with the launch of PropPacks for MLB, just in time for summertime action at the ballpark.
This innovative digital baseball card game brings the nostalgic thrill of opening a pack of sports cards and combines it with the high-energy excitement of prop betting. PropPacks for MLB offer BetRivers customers one of the most interactive and rewarding ways to engage with Major League Baseball action—all with the chance to win up to $1,000 in bonus credits or other exciting awards on every card.
Fans who place $10 or more on qualifying Same Game Parlays (SGPs) for MLB games will randomly receive up to three digital PropPacks player cards per game at no additional cost. Each card features a player from one or both teams in the game. If that player achieves the Hits or Strikeouts milestones featured on the card, bettors can win escalating prizes based on the difficulty of the achievement.
PropPacks come in three tiers—Bronze, Silver, and Gold—with Gold cards being the rarest and offering the highest reward potential. Unlocking a Gold card could lead to the grand prize of $1,000 in bonus credits.
“Following the enthusiastic reception to our NBA PropPacks, we’re thrilled to bring the same excitement to baseball,” said Richard Schwartz, CEO at RSI. “PropPacks give MLB fans another reason to get in on the action by adding surprise rewards to their Same Game Parlay bets, creating more ways to win with no added cost. It’s all part of our mission to put players first by providing more value and innovation across every major sports season.”
PropPacks are exclusive to the BetRivers Sportsbook and available across all platforms. In addition to PropPacks for MLB, BetRivers will offer a full lineup of baseball promotions throughout the season. Players can visit the BetRivers app or website and click on “Promotions” to explore the full suite of daily MLB offers.
“PropPacks for MLB are another BetRivers exclusive that demonstrates our commitment to delivering creative, engaging, and value-packed experiences to our players,” Schwartz added. “We’re excited to keep building on the success of NBA PropPacks and expand this fun format across more leagues and seasons.”
Link to PropPacks promo image available upon request.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latinoamérica Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Contacts
Media:
[email protected]
Investors:
[email protected]
NYSE:RSI
Rush Street Interactive Announces Initiative Supporting Increased Gaming Literacy For Teens
RSI’s GLAD Initiative In Partnership With IC360 Aims to Give Educators the Tools to help Teens Make Informed Decisions about Gaming
CHICAGO, May 12, 2025 (GLOBE NEWSWIRE) — Rush Street Interactive (NYSE: RSI), in partnership with Integrity Compliance 360 (IC360), has launched a new initiative called Gaming Literacy Aiding Decisions (GLAD), an innovative program designed to assist educators in enhancing high school student gaming literacy and promoting that cohort’s responsible relationship with this ever more socially prevalent activity.
“Consumers today have more entertainment options than ever before, including within the gaming space,” said Richard Schwartz, RSI CEO. “We appreciate that this expanded landscape offers individuals more ways to fulfill their entertainment needs. As technology continues to evolve, entertainment options, such as online gambling, have become increasingly mainstream and accessible. Like any material societal change, this evolution requires thoughtful education and honest, open dialogue – particularly for youth who are coming of age in an environment where these choices are all around them. I’ve seen this first hand with young people in my own community. It’s clear that exposure is growing, and with it, the need for responsible frameworks.
At RSI, we believe our role as a leading online gambling operator goes beyond simply committing financial resources. We have a responsibility to seek out and create opportunities that empower young people with the knowledge and tools to make informed decisions—so that when the time comes, they can determine for themselves, with confidence and understanding, what relationship, if any, they wish to have with gambling products. This is why, in partnership with IC360, we developed GLAD—a curriculum designed to become a foundation in responsible gaming education for North American teens by helping inform their understanding of gambling and the importance of doing so responsibly.”
“We are proud to partner with Rush Street Interactive, a company that has not only identified the need for gambling literacy among young people, but has also taken meaningful, proactive steps to lead the way in addressing the critical educational gap,” Eric Frank, Co-CEO and President of IC360 said. “Their demonstrable commitment to supporting educators and empowering students sets a new standard for creating informed and responsible attitudes towards gambling.”
The GLAD curriculum will initially launch in New Jersey and Delaware where, this spring, RSI and IC360 have been working with educational districts on a speaker series and educator curriculum delivery. These initial efforts will help define success metrics and gather feedback to shape the program’s future, which will ultimately be available to educators more broadly to curate the content that resonates best with students.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latinoamérica Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
About IC360
Integrity Compliance 360 (IC360) is a global technology and consultancy powerhouse specializing in comprehensive integrity and compliance solutions for sports, sports betting, gaming, and iGaming. IC360’s mission is to set new standards by providing unparalleled services that ensure integrity, transparency, and compliance at the intersection of the rapidly evolving global sports betting market and sports integrity. For more information, visit ic360.io.
Media Contact:
Lisa Johnson
[email protected]
-
Africa7 days agoAccelerating Ambitions in Africa: SYNOT Games Teams Up with Codium
-
Canada7 days ago
Tsleil-Waututh Nation Signs MoU to Acquire Casino Business at Hastings Racecourse & Casino
-
Africa6 days ago
Uganda: National Lotteries and Gaming Regulatory Board and Uganda Police- Rwizi Region Deepen Ties in Enforcing the Gaming Law
-
Conferences6 days ago
Win Systems will showcase its new range of Gold Club Colors electronic roulettes at PGS.
-
Asia7 days ago
FUN88 Thailand Celebrates 17th Anniversary with 17 Spins, Rewards & Newcastle Match Trip
-
BMM Innovation Group6 days ago
BMM Innovation Group to Participate in Peru Gaming Show 2025
-
betting transaction fee6 days ago
Flutter Response to Illinois Transaction Fee
-
Latest News6 days ago
Light Up the Reels with Explosive Wins in Liberty & Freedom Hold and Win Extreme 10,000
