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Sports Betting Provider Rush Street Interactive Surging Toward Profitable 2023

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The online legal sports betting and iGaming provider recorded third-quarter revenue of $169.9 million, up 15% from the same quarter in 2022 and a touch higher than the $165.1 million made in Q2 of 2023.

by Rush Street Interactive on Wednesday, the parent company of sportsbook operator BetRivers also saw its adjusted EBITDA go from a $12.5 million loss in Q3 of 2022 to a positive $4.1 million in this year’s Q3, which ended Sept. 30.

“Thanks to our decade-long investment in cutting-edge technology and a customer-centric approach, we've positioned ourselves as a top 5 online operator in the U.S., with a leading position in iGaming and a growing online sportsbook. As discerning consumers seek out the best products and user experiences, our third quarter results affirm our ability to deliver on both counts as we continue to acquire, engage, and retain customers.

RSI was also selected to be the exclusive online gaming provider in Delaware, with operations scheduled to launch early this winter.

 

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