Rush Street Interactive (RSI) has upgraded its 2026 revenue outlook following a remarkable performance during the second quarter, driven by significant expansion in online casino operations and increased sports betting during the FIFA World Cup. The company reported Q2 revenue of $393.8 million, marking a 46% increase compared to the same period last year. Its net income rose slightly to $29.3 million, up from $28.8 million in the previous year. Adjusted EBITDA also saw a notable increase of 61%, reaching an all-time high of $64.6 million.
Total Monthly Active Users (MAUs) surged by 58% year-on-year to around 949,000. In North America, MAUs increased by 51%, totaling approximately 296,000, attributed to the company’s expansion into regulated online casinos. Meanwhile, in Latin America, MAUs reached 653,000, reflecting a 62% year-over-year growth.
The average revenue per MAU in North America stood at $320, whereas in Latin America, it was $55. For fiscal year 2026, the company projects revenue between $1.56 billion and $1.60 billion, indicating an annual growth rate of 38% to 41%. Adjusted EBITDA estimates have also been raised to a range of $245 million to $265 million, forecasting growth of 59% to 72%.
This guidance is based on maintaining operations in existing regulated markets under current tax policies, which include Colombia's temporary 16% emergency tax on online gambling.
Chief Executive Officer Richard Schwartz highlighted the impressive quarter, noting record highs in both revenue and adjusted EBITDA, spurred by gains in the online casino and sports betting sectors due to the World Cup. He remarked, "Our casino-first strategy continues to be the foundation of our business, with online casino representing 72 percent of our revenue this quarter." Schwartz expressed satisfaction with the launch of online casino and sports betting in Alberta earlier this month, noting encouraging early trends in that market. Looking forward, he emphasized the company's confidence in its long-term growth potential, driven by continued performance in core markets and a focus on delivering exceptional player experiences for future shareholder value.
