• Loading stock data...
Saturday, October 25, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

Rush Street Interactive Sees Huge Growth

  • Rush Street Interactive posted 2020 revenue of $278.5 million, a 337% increase from the previous year.
  • RSI has recently expanded into several states as it works to claim more market share.
Rush Street Interactive/Design: Alex Brooks

Rush Street Interactive’s revenue rocketed to $278.5 million in 2020, a 337% increase, on the strength of its online casino and growing sports betting business.

The online wing of Chicago-based Rush Street Gaming saw Q4 revenue reach $100 million, but costs also jumped, leading to a net loss of $48.8 million on the quarter. Still, the company has to be pleased with its trajectory.

  • In Q4 2020, RSI more than doubled its monthly average users from Q4 2019, and grew its revenue per user 73% year-over-year to $328.
  • The quarter was RSI’s first after going public via a SPAC merger with dMY Technology Group at a $1.8 billion valuation.
  • RSI expects revenue to climb another 58% to around $440 million in 2021.

RSI estimates that the nine states where it was active in Q4 have a combined betting market size of $9.5 billion. It believes the U.S. would have a $35 billion market if gambling was legalized throughout the country.

The gambling hub is moving into new territory quickly: RSI recently secured deals to move into Ohio, Maryland, and Missouri. It opened sportsbooks in Virginia and Michigan in January.

However, the company is still generating five times more revenue from its online casino customers than its sports betting ones, who are younger and lean heavily male.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 5, 2025; Boston, Massachusetts, USA; The NBA logo is seen on the court before thegame between the Boston Celtics and the Portland Trail Blazers at TD Garden.

The History of Hoops Betting Scandals

The arrests of Rozier and Billups are just the latest scandal involving basketball.
Jun 10, 2025; Eugene, OR, USA; A NCAA logo flag at the NCAA Track and Field Championships at Hayward Field.

College Athletes Can Bet on Pro Sports Starting in November

An NBA player and coach were charged Thursday in a sports betting investigation.
Oct 16, 2025; Salt Lake City, Utah, USA; Portland Trail Blazers head coach Chauncey Billups gives instructions to his team during the first half against the Utah Jazz at Delta Center.

Chauncey Billups Is Rare Pro Coach Involved in Gambling Scandal

The recent string of gambling scandals have centered on athletes.
draftkings
exclusive

DraftKings Is Paying Up to $250M for Prediction-Market Railbird

The deal was announced Tuesday, but financials weren’t disclosed.

Featured Today

Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
October 18, 2025

How Vanderbilt Went From SEC Doormat to Dark Horse CFP Candidate

After beating LSU, Clark Lea said: “Internally, we expect to win.”
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

How HOKA is Reimagining the NIL Relationship

Fans can now follow their favorite golfers and experience every marquee moment at the Ryder Cup — thanks to innovation from T-Mobile.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
draftkings
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.