
Work Here?
Work Here?
Work Here?
Rush Street Interactive operates online real-money casino and sports betting services, plus social gaming, in the United States, Canada, and Latin America under BetRivers, PlaySugarHouse, and RushBet. Its products run on a proprietary iGaming platform that handles player accounts, payments, loyalty programs, and features like gamified promotions and real-time bonusing, while also offering free-to-play social gaming. The company differentiates itself through an integrated, technology-first platform and a track record of regulated online launches across multiple markets, including Latin America, along with both consumer-facing and platform-licensing solutions. Its goal is to grow its footprint in regulated markets by expanding its consumer platforms and licensing its platform to other operators for cross-border iGaming and omnichannel experiences.
Industries
Data & Analytics
Consumer Software
Enterprise Software
Gaming
Company Size
501-1,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$260M
Above
Industry Average
Funded Over
1 Rounds
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Time Off
Employee Assistance Program
Rush Street Interactive shares fell 15.1% despite reporting strong second-quarter results that exceeded expectations. The online gaming company's revenue grew 46.3% year on year to $393.8 million, beating Wall Street estimates. Rush Street raised its full-year revenue guidance to $1.58 billion, also ahead of expectations. However, investors appeared concerned about valuation, with the stock's price-to-earnings ratio exceeding 42x. The decline represents a "sell the news" reaction, with some shareholders potentially taking profits after the earnings announcement. The company's shares have experienced 21 moves greater than 5% over the past year, indicating high volatility. Rush Street Interactive is up 33.5% year to date but remains 25.3% below its 52-week high of $34.52.
New Jersey's iCasino market reaches 30 sites after 3 more launches. Ziv Chen - News Editor 15+ years betting experience Three new online casinos have joined New Jersey's market since June, bringing the total to 30 as iGaming revenue continues to surge and Greg Carlin returns to the iCasino space. The New Jersey Division of Gaming Enforcement said three new internet casinos were added to to the state market between June and this week, pushing the total roster of licensed online gambling sites to 30, according to the Press of Atlantic City. Key takeaways. * New Jersey's licensed online casino roster reached 30 after three launches since June. * Vegas Club debuted through Caesars, marking Greg Carlin's first iCasino venture since leaving Rush Street. * G2 Digital plans further expansion into Alberta, Ontario, and Pennsylvania, subject to regulatory approval. The latest addition, Vegas Club Casino, went live Wednesday under a market-access partnership with Caesars Entertainment. It was launched by G2 Digital, a company founded by industry veterans Greg Carlin and Dan Alexander. For Carlin, the debut marks his first online casino project since leaving Rush Street Interactive and Rush Street Gaming, two companies he helped build and led as CEO. He now runs Granite State Gaming and Hospitality, which operates the Beach Club Casino and Lilac Club Casino in New Hampshire. "Creating a great online gaming experience means delivering authentic excitement, real player protections, and the feeling that every player is a VIP," Carlin said in a statement. "Vegas Club Casino combines the timeless appeal of classic Las Vegas with the transparency and security of a fully regulated online casino. We look forward to earning players' loyalty through fair play and a fun, exciting experience." Alexander, meanwhile, brings experience from helping PlayStar grow into a top operator in New Jersey during its early expansion. Vegas Club joins two other newcomers that arrived last month: Ember Casino and Betinia Casino, both also tied to Caesars Entertainment. Together, the three launches reflect a wave of new entrants competing for a share of the state's online gambling audience within a short window. G2 Digital also indicated plans to expand into Alberta, Ontario, and Pennsylvania pending regulatory approval in those jurisdictions. N.J. iGaming surges despite sports betting slump. The wave of New Jersey online casino launches comes as the Garden State's broader gaming sector continued to post strong numbers through June. Total gaming revenue for the state's casinos, racetracks, and partners hit $585.6 million, up 0.7% from the $581.6 million recorded in June 2025, according to the Division of Gaming Enforcement's figures released July 16. Internet gaming remained the standout category, pulling in $271 million during the month, a 17.5% jump from $230.7 million a year earlier. Year-to-date, online gaming revenue reached $1.59 billion through the first half of the year, up 15% from the same stretch in 2025. Atlantic City's nine casino hotels brought in $257.3 million in casino win for June, a slight 0.7% dip from $259 million the year before, though the figure still ranked as the second-best June total in 14 years. Year-to-date casino win reached $1.41 billion, up 2.3%. Sports wagering was the lone segment to post a notable drop. Revenue fell 37.7% to $57.3 million even though total betting handle climbed 16% to $917.2 million, a gap that regulators attributed to patron winnings tied to the NBA Finals and World Cup. Across the first six months of 2026, statewide gaming revenue totaled $3.32 billion, up 6% from last year, while total gaming taxes reached $500.5 million through June.
DoorDash and Coinbase are two cash-heavy stocks worth researching, whilst Rush Street Interactive faces challenges, according to StockStory analysis. DoorDash holds $2.25 billion in net cash and has grown orders by 22.9% annually. The food delivery platform projects 25.6% revenue growth over the next 12 months, with earnings per share growing 179% over three years. Its shares trade at 18.9x forward EV/EBITDA. Coinbase maintains $8.91 billion in net cash, representing 21.1% of its market capitalisation. Rush Street Interactive, an online casino and sports betting operator, holds $328.1 million in net cash but faces concerns. The company recorded below-average sales growth of 28.5% annually over five years and shows substandard operating margin profitability, despite forecasts of improving free cash flow margins.
BetRivers parent takes another step in prediction markets move. Published on: June 15, 2026 Rush Street Interactive is giving a stronger signal that it wants in on prediction markets, with new information tied to the company's Commodities Futures Trading Commission application emerging after its earlier filing for a designated contract market license. The development builds on an earlier report from Susquehanna that linked the BetRivers parent to a prediction markets application, and it comes as the company appears to be moving from monitoring the space to preparing for a more formal entry. The company declined to comment when reached earlier this month by LSR. New filing signals concrete push. RSI filed for a DCM license, the regulatory approval needed to operate as a designated contract market for prediction markets in the United States. That would put the company in the same broad regulatory lane as Kalshi, which already operates under CFTC oversight. The DCM filing could pave the way for RSI to eventually launch a prediction markets product, though the company still needs regulatory approval and has not announced a specific product timeline. The DCP application allows a centralized clearinghouse to settle transactions for futures contracts, options on futures and no-security swap. Earlier caution from management. The move is notable because RSI management had previously played down the urgency of entering prediction markets. In January, CEO Richard Schwartz said predictions was "not an area of high priority for us," even while acknowledging it was monitoring how competitors and regulators were responding. That stance was part of a broader narrative that RSI was focused on online casino expansion rather than betting on the prediction markets frontier. The shift from caution to a formal DCM application suggests the company may have recalibrated its view on the opportunity, or at least decided it wants the option to move quickly if the market develops. Why it matters for the industry. RSI would become the latest traditional gambling company to pursue CFTC-regulated contract market status, following a wave of sportsbook and gaming operators that are positioning for possible expansion in event contracts. Three U.S. sportsbooks, DraftKings, Fanatics and FanDuel, as do daily fantasy brands PrizePicks and Underdog. The company is already the parent of BetRivers, an online casino-first sports betting operator with a presence in multiple U.S. states, which gives it an existing bettor base and infrastructure if it decides to lean into prediction markets. For the broader industry, RSI's move matters because it suggests prediction markets are increasingly looking less like a niche experiment and more like a competitive battleground for major gaming brands. Prediction markets landscape shifting? RSI was linked to a prediction markets application after the company had spent months publicly signaling caution while continuing to watch the space. The DCM filing lands against the backdrop of a CFTC rulemaking process that is still developing, meaning any operator entering now is doing so while the regulatory picture remains fluid. The CFTC is currently in an Advanced Notice of Proposed Rulemaking phase, asking for comment on issues like margin trading, insider information rules, and what types of event contracts should be prohibited as contrary to the public interest. RSI has moved from monitoring to filing, signaling it wants the option to launch prediction markets if the regulatory environment and market conditions align.
Napco Security Technologies, a manufacturer of electronic security devices and access control systems, stands out as a strong cash-producing stock with impressive fundamentals. The company delivered 14.2% annual revenue growth over the past five years and maintains a trailing 12-month free cash flow margin of 28.6%, demonstrating its ability to convert sales into cash whilst expanding market share. Two companies facing headwinds are Teladoc Health and Rush Street Interactive. Teladoc's sales have stagnated over three years, with average revenue per user declining 9% annually. Rush Street Interactive's 28.5% five-year revenue growth falls below sector standards, whilst its 6.9% operating margin lags industry averages, limiting its ability to respond to market changes. Both companies show concerning fundamental weaknesses despite generating positive cash flow.
Find jobs on Simplify and start your career today
Industries
Data & Analytics
Consumer Software
Enterprise Software
Gaming
Company Size
501-1,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
Find jobs on Simplify and start your career today