Published
OnlineFinancialIndustry

Rush Street Interactive reports 57% revenue rise for Q3 2021

Rush Street Interactive (RSI)'s Q3 2021 results saw a 57% increase in revenue and an adjusted EBITDA loss of $12.2m (compared to $1m for the same period the previous year).

graphic 2021

Net loss was $18.9m during the third quarter of 2021, compared to a net loss of $26.5m for the prior-year period. As of 30 September 2021, RSI had $347m of unrestricted cash and cash equivalents.

Richard Schwartz, CEO of RSI, said: "We are very encouraged by the ongoing execution of our business strategy across the entire organisation. New market access and launches have continued to be a significant driver of our overall success. In addition to growing our current markets, we have worked to expand our bet offerings to existing customers.”

The report highlighted several recent business events, including the launch of the PlaySugarHouse online sportsbook in Connecticut (along with four of the 15 planned retail sportsbooks), the partnership with the Arizona Rattlers (thanks to which online sports betting went live in Arizona), entry to the Canadian market with the launch of the social gaming platform, Casino4fun,and  being selected as one of the New York’s nine operators to receive a licence to offer mobile sports wagering in the state.

The report additionally referenced the exclusive partnership with Magic City Jai-Alai to offer sports betting, and the launch of the BetRivers and PlaySugarHouse branded live-casino studios in Pennsylvania and New Jersey.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...