Rush Street Interactive reported third-quarter revenue of $385.9 million, up 39% from a year earlier, as online casino contributed 75% of its total. The company’s net income rose 93% to $28.7 million and adjusted EBITDA increased 73% to $62.2 million in the quarter ended Sept. 30.
Its Pennsylvania performance cannot be read as a direct measure of Rush Street’s own revenue. The Rivers Casino Philadelphia licence generated $118.8 million in online-casino revenue after promotions during the July-to-September period, up 8.2% from $109.8 million a year earlier, according to PlayPennsylvania. The licence covers BetRivers Casino and PlaySugarHouse, both Rush Street brands, as well as Borgata Online Casino, which BetMGM operates.
The licence accounted for about 16% of Pennsylvania’s $744 million quarterly online-casino total after promotions, a share broadly unchanged from the prior year. It ranked third in the state in each month of the quarter, behind Hollywood Casino at Penn National Race Course and Valley Forge Casino Resort.
Slots supplied $104 million, or nearly 88%, of Rivers’ quarterly online-casino revenue. Table games added $13.5 million and poker generated $1.3 million. The licence’s monthly revenue fell about 5% across the quarter, from $40.5 million in July to $38.5 million in September, although August was the strongest month for annual growth, rising 9% to $39.9 million.
The Pennsylvania Gaming Control Board put statewide September iGaming revenue at $249.3 million, up 6.82% year on year. Rivers Casino Philadelphia generated $38.5 million, up 8.55%, including $33.7 million from slots, $4.4 million from table games and about $400,000 from poker. Statewide, slots produced $197.4 million of September iGaming revenue.
Rush Street’s companywide online-casino revenue increased 32%, while online sports-betting revenue grew 70%. The company said it averaged a record 300,572 monthly active users across the United States and Canada, up 34% from a year earlier. It defines such users as unique customers placing at least one real-money wager during a month across online casino, poker or sports betting.
Revenue in the United States and Canada rose 14% to $279.4 million. Latin America accounted for about two-thirds of the company’s overall revenue increase, while its regional revenue grew 218%.
Rush Street reiterated 2026 revenue guidance of $1.56 billion to $1.60 billion and adjusted EBITDA guidance of $245 million to $265 million. The forecast assumes no new live jurisdictions and similar tax structures, including Colombia’s temporary 16% emergency tax decree.
Richard Schwartz said online casino remained the engine of the company’s profitability. Rush Street is developing casino games in-house and has technology to operate them online, though titles from outside suppliers still generate almost all of its casino revenue. The company views proprietary games as a potential differentiator and margin opportunity; BetRivers already offers Pennsylvania-specific BetRivers Philly Blackjack. Schwartz said further details on games in development would come in the new year.
