RSI hails “another record quarter” and lifts full-year guidance after Q2 revenue jumps 46%
Casino-first operator delivers all-time highs across all key financial metrics while revealing FTDs and active users are around 2x in Alberta compared to its Ontario launch on a population-adjusted basis
Rush Street Interactive (RSI) has announced new quarterly highs across revenue, adjusted EBITDA and net income, as the New York-listed operator benefited from market share gains in online casino and this summer’s World Cup.
A Q2 update revealed revenue surged 46% year on year (YoY) to a new quarterly record for the business of $393.8m, while adjusted EBITDA increased 61% to $64.6m and net income rose slightly to $29.3m.
Casino-first RSI operates BetRivers and PlaySugarHouse in North America, along with RushBet in three Latam markets: Colombia, Mexico and Peru.
Management also announced monthly active users (MAUs) totalled around 949,000, which was a 58% increase on the corresponding period last year.
Breaking down Q2 MAUs by region:
- North America MAUs increased 51% to 296,000
- MAUs across the three Latam countries jumped 62% to 653,000
- Average revenue per monthly active user (ARPMAU) was $320 in North America
- ARPMAU for RSI’s Latam segment was $55
Online casino revenue increased 40% YoY and online sports betting soared 64%, while a record number of first-time depositors were onboarded for the fourth quarter in a row.
Adjusted sales and marketing expenses amounted to $48.6m, which represented 12.3% of revenue, while the business ended the quarter with $340m in unrestricted cash despite $29m of share repurchases in Q2.
Richard Schwartz, CEO of RSI, said: “We delivered another record quarter, setting all-time highs once again for revenue and adjusted EBITDA, driven by continued share gains in online casino and our sports betting markets benefiting from the World Cup.”
Schwartz added that the operator’s casino-first strategy “continues to be the foundation of our business,” with online casino representing 72% of revenue in the second quarter.
He also said he was “pleased” regarding RSI’s launch in Alberta earlier this month and was “encouraged by the early trends we are seeing there”.
In fact, first-time depositors (FTDs) and active users are around 2x compared to RSI’s Ontario launch, when judging both provinces on a population-adjusted basis.
Alberta flicked the switch on regulated commercial sports betting and icasino on 13 July, with around 50 operators entering the market and licensed by the regulator, Alberta Gaming, Liquor and Cannabis.
“Looking ahead,” Schwartz said, “we are confident in the strength and durability of our business.
“We’re executing well across our core markets, we’re off to a strong start in Alberta, and we continue to see meaningful long-term opportunities ahead of us.
“We remain committed to delivering exceptional player experiences, which, in turn, should continue to create long-term value for our shareholders.”
On the back of the strong first half of 2026, RSI has raised revenue and adjusted EBITDA guidance for the year.
Revenue is now expected to fall in the range of $1.56bn and $1.6bn, which would equate to YoY growth of between 38% and 41%.
Meanwhile, management projects adjusted EBITDA to increase somewhere between 59% and 72% to reach $245m to $265m.
RSI said these guidance ranges “reflect our confidence in the underlying strength of our business,” yet it includes “prudent assumptions about market maturation and competitive dynamics.”
One of those assumptions is RSI will continue to operate in the markets it does today “under similar tax structures”. This includes the temporary emergency tax decree set at 16% in Colombia.
In May, EGR caught up with RSI president and CFO Kyle Sauers to discuss Colombia’s capricious tax situation, the firm’s casino-first strategy and why the Chicago-based operator punches above its weight.
RSI shares were up more than 3% in after-hours trading in New York. The stock has made gains of 60% to $30.77 so far in 2026.