Rush Street Interactive, Inc.
rushstreetinteractive.comWhat Do They Do?
Offers online casino games and sports betting to players in the United States, Canada and Latin America, and provides retail sportsbook services to casino and other land-based partners.
10-K for FY2025, filed Feb 18, 2026We are a leading online gaming and entertainment company that focuses primarily on online casino and online sports betting in the U.S.…View ↗
We provide our customers with an array of leading gaming offerings such as real-money online casino, online sports betting and retail…View ↗
Our principal offerings are our real-money online casino (including online poker games in certain markets) and online sports betting…View ↗
How Do They Make Money?
Players’ casino and sports bets generate revenue from the net amount left after winning payouts and incentives; poker adds a share of wagers and tournament entry fees. Land-based partners pay monthly commissions for retail sportsbook services, while social-game revenue comes as users redeem purchased virtual credits.
10-K for FY2025, filed Feb 18, 2026Online casino offerings typically include the full suite of games available in land-based casinos, such as table games (i.e., blackjack and…View ↗
Online sports betting involves a user placing a bet on the outcome of a sporting event, sports-related activity, or a series of the same…View ↗
The Company provides retail sports services to land-based partners in exchange for a monthly commission based on that partner’s retail…View ↗
The Company provides a social gaming platform for users to enjoy free-to-play games that use virtual credits. While virtual credits are…View ↗
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10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by product or service ↗
$1.1B
-
10-K for FY2025, filed Feb 18, 2026
$1.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Online casino and online sports betting
Usage-based
10-K for FY2025, filed Feb 18, 2026 |
99%
FY2022: 97%
|
Online casino and online sports betting, FY2025
$1.1B Sources
|
Usage-based |
|
Retail sports betting
Recurring
|
0.2%
FY2022: 2.0%
|
Retail sports betting, FY2025
$2M Sources
|
Recurring |
|
Social gaming
Usage-based
|
0.4%
FY2022: 0.7%
|
Social gaming, FY2025
$4.9M Sources
|
Usage-based |
Who Are Their Customers?
Players use RSI’s apps and websites directly for online games and betting; land-based casinos and other local partners work with RSI for retail sportsbook services and online-market access.
10-K for FY2025, filed Feb 18, 2026We currently generate revenue through two operating models: (i) business-to-consumer (“B2C”) and (ii) business-to-business (“B2B”). Through…View ↗
Often in advance of markets legalizing online gaming, we build relationships with local bricks-and-mortar casino operators and other…View ↗
We distribute our online offerings through various channels, including websites (desktop and mobile), direct application downloads and…View ↗
We have developed proprietary technology, product offerings and partnerships to create a sustainable advantage in the online casino and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.
10-K for FY2025, filed Feb 18, 2026
$87.4MView ↗
10-K for FY2025, filed Feb 18, 2026
$33.3MView ↗
10-K for FY2025, filed Feb 18, 2026
$164.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
$11.5MView ↗
- ▼ −31%
- vs $16.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Growing. Revenue grew 2.3x in 4 years, from $488.1M in FY2021 to $1.1B in FY2025, about 23% a year.
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