Rush Street Interactive reported $393.8 million in revenue for the quarter ending June 30, 2026, driven by significant growth in North American monthly active users. This momentum occurs as competitors like Caesars Digital adjust promotional spending within the Pennsylvania market.
RSI financial momentum and market expansion
RSI reported $393.8 million in revenue for the three months ending June 30, 2026. This result marks a 46 percent increase year-on-year from the 2025 period. Net income hit $29.3 million for the quarter. Adjusted EBITDA rose 61 percent to $64.6 million. Monthly active users reached 949,000, which is a 58 percent increase from the previous year. The company raised its full-year revenue guidance to between $1.56 billion and $1.6 billion. Monthly active users in North America grew 51 percent to approximately 296,000. Average revenue per monthly active user reached $320 in North America and $55 in Latin America during the quarter. In Latin America, monthly active users reached 403,000, which is a 42 percent increase. RSI operates brands like BetRivers, PlaySugarHouse, and RushBet. PlaySugarHouse focuses on casino and sports betting in states like New Jersey and Pennsylvania. RSI also manages the BetRivers Poker Network in four US states. The company uses proprietary technology that allows for cross-play between poker, casino, and sportsbook. RSI also manages its expansion through the launch of the BetRivers Sportsbook with the Swinomish tribe in Washington. In Colombia, RSI mitigated the effects of a 19% VAT on player deposits through a bonusing strategy. This strategy maintained flat net revenue while growing gross gaming revenue by 70% in that market.
Pennsylvania iGaming market context
Pennsylvania iGaming revenue reached $59.8 million in October 2026. This surpassed the $57.0 million recorded in September 2026. In July 2026, internet casino-type gaming generated $249,007,485, which is a 9.09 percent increase over July 2025. The state applies a 36 percent tax rate on operator revenue to support the General Fund and property tax relief. Total gaming revenue in May 2026 reached $625.5 million, which is 3.93 percent higher than May 2025.
| Year | Handle | Revenue | Hold % | State Taxes |
|---|---|---|---|---|
| 2022 | $7,251,428,758 | $597,364,960 | 8.37% | $144,434,920 |
| 2023 | $7,682,694,849 | $686,915,514 | 9.17% | $165,133,458 |
| 2024 | $8,421,417,830 | $778,420,570 | 9.40% | $183,859,072 |
| 2025 | $8,858,467,927 | $762,436,514 | 8.61% | $206,028,210 |
The North America online gambling and betting market involves a range of digital platforms and services that provide gambling and betting activities, such as sports betting, casino games, and poker, throughout the entire North American region. Pennsylvania legalized sports betting in 2017. The first retail sportsbooks opened in late 2018 and online betting launched in May 2019.
Operator revenue in Pennsylvania
Rivers Casino Philadelphia earned $16.6 million in iGaming revenue in October 2026. This amount grew 564.0 percent from the $2.5 million recorded in October 2025. Valley Forge Casino Resort produced $10.0 million in iGaming revenue in October. Hollywood Casino at Penn National Race Course earned $15.5 million in revenue in October. This placed the operator in second place for the month.
| July 2026 iGaming Slots Revenue | % Change (vs July 2025) |
|---|---|
| Rivers Casino Philadelphia | 2.05% |
| Hollywood Casino at Penn National | -6.28% |
| Valley Forge Casino Resort | -2.60% |
| Harrah’s Philadelphia | -3.34% |
| Presque Isle Downs and Casino | 13.96% |
| Hollywood Casino Morgantown | 13.09% |
In July 2026, iGaming slots revenue in Pennsylvania reached $199,243,118, which is a 12.41 percent increase from July 2025. IGaming table revenue for July 2026 reached $47,426,563, a 2.20 percent decrease compared to July 2025. IGaming poker revenue for July 2026 was $2,337,804, which is a 7.14 percent decrease from July 2025. In July 2026, total sports wagering handle in Pennsylvania reached $509,536,348, a 23.53 percent increase over the July 2025 handle of $412,477,357. Total taxable sports wagering revenue for July 2026 reached $51,839,588, a 27.75 percent increase over July 2025.
Competition and market risks
Caesars Digital revenue hit $487 million in Q2 2026, a 34 percent increase year-on-year. Digital revenue accounts for 18 percent of Caesars’ total company revenue. Caesars saw growth in Colorado, Arizona, and Michigan. The operator reported that 30-day active user retention increased to 38 percent among new player cohorts. RSI’s CEO Richard Schwartz said online casino revenue accounts for 72 percent of RSI’s revenue this quarter. You should watch how promotional shifts affect these market shares. High taxes in specific markets can squeeze margins. Some segments of society still hold a social stigma against gambling. Will the current momentum in Pennsylvania continue as more operators enter the market?