Rush Street Interactive, an online casino and sports betting company in the Americas, has announced financial results for the second quarter ended June 30.
Revenue was $220.4m during the second quarter of 2024, an increase of 34 per cent compared to $165.1m during the second quarter of 2023. Adjusted EBITDA was $21.4m compared to $1.2m in 2023.
CEO Richard Schwartz said: “We are thrilled to announce another quarter of record-breaking revenues and adjusted EBITDA.
"The first half of the year has seen our revenue grow by 34 per cent coupled with a $46m improvement in adjusted EBITDA compared to last year.
"The improvement in our results is a direct testament to the strategic decisions we have made over recent years, as well as constantly refining and bettering our approach to attracting and retaining players. The efficiency is leading to strong increases in the number and value of our users.
“Our strategic initiatives have fostered a balanced growth across both icasino and online sports in existing and new markets.
"For instance, in our long-standing markets of Pennsylvania, New Jersey and Michigan, we experienced our highest level of revenue growth in over two years during the second quarter.
"In Delaware, our newest North American market, we continue to excel. We foresee further growth opportunities, an example of which is our launch in Peru last week.
"We remain steadfast in our commitment to innovate, grow and deliver value to our customers. We are confident we are well on our way to becoming a leader in online gaming across the Americas.”
