Interactive
US – Rush Street secures growth of 21 per cent in 2022
By Phil - 3 March 2023
Rush Street Interactive generated fourth quarter revenues of $165.5m during the fourth quarter of 2022, an increase of 27 per cent, helping to push its full year performance to $592.2m, an increase of 21 per cent.
MAUs in the United States and Canada for the full year 2022 were up 29 per cent year-over-year with ARPMAU of $315 during the year, down nine per cent year-over-year. BetRivers recently went live with online and mobile sportsbook wagering in Maryland in November and in Ohio on New Year’s Day 2023. It has used enhanced technology platforms to further personalize casino experiences by player segmentations. It has successful launched a fully integrated and innovative squares game in its sportsbook and has expanded Latin American presence, opening two new state-of-the-art offices in Colombia in advance of additional growth opportunities ahead.
Richard Schwartz, Chief Executive Officer of RSI, said: “We are proud to report another strong quarter and record results for the year, spurred by 95 per cent annual growth in our Latin American and new North American markets launched after 2020. We expect to achieve positive Adjusted EBITDA for the second half of 2023 and continue to be selective as we prioritize investments in markets with higher returns.”
“Looking forward, we will continue to focus on earning and retaining customer loyalty, by treating them well, being thoughtful, developing seamless experiences and reducing friction at every possible point. We have built our proprietary platform and culture around a disciplined operating philosophy, which is reflected in our results.”
RSI is initiating revenue guidance for the full year 2023 of between $630 and $700m. At the midpoint of the range, revenue of $665mrepresents 12 per cent year-over-year growth when compared to $592m of revenues for 2022.
