Interactive
Colombia – Growth in Colombia helps drive Rush Street revenues
By Phil - 3 August 2023
Rush Street Interactive, a leading online casino and sports betting company in the United States and the rest of the Americas, generated revenue of $165.1m during the second quarter of 2023, an increase of 15 per cent.
The operator of brands such as BetRivers, PlaySugarHouse and RushBet, currently offers real-money mobile and online operations in 15 US states as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico.
Average Revenue per Monthly Active User in the United States and Canada was $359 during the second quarter of 2023, up 11 per cent year-over-year.
Richard Schwartz, Chief Executive Officer of RSI, said: “Through the first half of the year the organization performed exceptionally well, achieving positive adjusted EBITDA ahead of schedule. This performance capped our strong first half with an adjusted EBITDA improvement of over $54m compared to the first half of the prior year. This increase in profitability was mainly driven by operational improvements, as well as 15 per cent revenue growth, led by strong growth in Colombia and markets that we launched after 2020.”
“We have built a fundamentally strong business with a firm foundation. Looking ahead, we are optimistic about our ability to innovate and continue to improve the quality of the user experience. With a solid financial position, a proprietary and scalable technology platform, and effective operational discipline, we are confident in our ability to continue executing successfully, positioning ourselves for further revenue and profitability growth in the future.”
