Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI) will announce its Q1 2023 earnings on May 3, 2023, after market close, followed by a conference call at 5:00 PM ET to discuss results. Interested parties can access the earnings release and related information at RSI's investor relations page. A replay of the conference will be available on the site until at least June 3, 2023.

RSI is a leading online gaming and sports entertainment company operational in the U.S., Canada, and Latin America, recognized for its brands like BetRivers and PlaySugarHouse, and was awarded Operator of the Year in the 2022 EGR North America Awards.

ODDSworks has partnered with Rush Street Interactive (RSI) to launch its BETguard™ Remote Gaming Server platform in New Jersey, marking the fourth iGaming market for their collaboration. This deployment allows both companies to expand their operations within the robust New Jersey market, known for its strong iGaming presence. The BETguard™ platform processes over $2 billion annually in wagers and is compliant with GLI-19 regulations. Steven DeMar, EVP of ODDSworks, emphasized the strategic growth potential of this partnership, while RSI CEO Richard Schwartz highlighted the quality of gaming content available to players on the BetRivers app. This partnership aims to enhance user experience and engage a larger audience in legal online gaming.

Rush Street Interactive (NYSE: RSI) has launched the BetRivers Michigan Million Online Slot Tournament, offering players in Michigan a chance to win a share of $1 million in bonus money. From April 1 to 30, 2023, players can enter by making a deposit of $50 or more. The tournament consists of three rounds, culminating in a live final on May 15, 2023, where participants compete for a $100,000 grand prize. The promotion and tournament aim to enhance the online gaming experience for Michiganders, with ten finalists competing in the ultimate showdown.

Rush Street Interactive (NYSE: RSI) has announced a partnership with sports commentator Julie Stewart-Binks to enhance its BetRivers brand. Stewart-Binks will develop exclusive sports and lifestyle content, including a new podcast and guest appearances on various shows. This partnership aims to strengthen the brand's presence in North America and engage betting enthusiasts. RSI operates BetRivers and other brands in the U.S., Canada, and Latin America, offering a diverse range of gaming options. The company has received multiple awards, including the EGR North America Awards Operator of the Year in 2022.

Rush Street Interactive (NYSE: RSI) and the Connecticut Lottery Corporation (CLC) announced plans to wind down their sports betting partnership in Connecticut. The CLC will seek a new operator, with a transition expected in the second half of 2023, while RSI continues current operations until a replacement is selected. Both parties emphasized a commitment to player experience, ensuring that all wagers are honored. The decision aims to align with RSI's long-term strategic goals, with minimal impact anticipated on 2023 financial guidance. RSI's leadership thanked the CLC for the collaboration over the past two years.

On March 10, 2023, Rush Street Interactive (NYSE: RSI) announced the launch of NCAA Basketball Squares to enhance engagement during March Madness. Bettors can earn bonus payouts up to $10,000 based on their wagers. The game features a 100-square board where each square corresponds to a combination of final scores. Bettors can receive additional squares by wagering $50 or more, with winning squares yielding $20 and boosted squares offering higher payouts. This initiative aims to attract casual fans and increase participation in sports betting during the NCAA tournament.