BetRivers Parent Raises 2026 Guidance After Record Q1

Rush Street Interactive posted record results for the first quarter of 2026 powered by its success in online casino operations and an increase in players across North America and Latin America.

The parent company of the BetRivers, PlaySugarHouse and RushBet brands reported first-quarter revenue of $370.4 million, up 41% year-over-year, while adjusted EBITDA climbed 81% to a record $60.2 million. Net income surged 134% to $26.2 million.

Following its strong quarter, RSI raised its full-year guidance. The company now expects 2026 revenue between $1.49 billion and $1.54 billion, representing annual growth of 31% to 36%, while adjusted EBITDA is projected between $230 million and $250 million.

Online casino surge key to growth

The company said its online casino division remained the primary driver of growth during the quarter. Founded in 2012, RSI was among the early online casino entrants in the U.S. Its combined mobile sports betting and online casino operations span 15 states.

According to RSI’s investor presentation in late April, online casino revenue increased 39% year-over-year, while online sports betting revenue rose 47%. Monthly active users in North American online casino markets grew 62% year-over-year, a figure that eclipsed the 51% growth seen in the fourth quarter of 2025.

“We are pleased to report another strong quarter of results, setting new records once again for revenue, net income and adjusted EBITDA,” CEO Richard Schwartz said in RSI’s earnings release.

The operator currently offers online casino gaming in five of the seven legal states: New Jersey, Pennsylvania, Michigan, Delaware and West Virginia.

Delaware continued to show strong growth, with online casino revenue up 53%. BetRivers took over the monopoly in January 2024 from previous operator 888, now Evoke.

Michigan and New Jersey posted gains of 28% and 22%, respectively.

Sports betting and international expansion growing, too

While online casino operations remains the company’s core growth sector, RSI also continued to expand its online sportsbook and international businesses.

Overall, monthly active users rose 51% year-over-year to approximately 839,000, including 543,000 users in Latin America, up 54% from a year earlier. The company also operates in Ontario, Colombia, Mexico and Peru and has plans to launch in Alberta, Canada in July.

“We’ve now achieved accelerating year-over-year player growth in each of the last four quarters,” Schwartz said.

RSI’s improvements across acquisition, retention and the player experience helped create a “compounding dynamic” in the business “where strong acquisition brings high-quality players, effective retention keeps them engaged, and exceptional experiences drive value,” he added.