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Mar 31, 2021
Rush Street Q1 2021 Earnings Report
Announced first quarter results with revenue up 218% year-over-year and raised full year 2021 guidance.
Key Takeaways
Rush Street Interactive reported strong first-quarter results with a 218% increase in revenue year-over-year, reaching $111.8 million. The company launched online casino and sportsbook in Michigan and online sportsbook in Virginia. Due to the strong cash position, the company increased its marketing spend in 2021 and raised its full-year revenue guidance to between $440 and $480 million.
First quarter revenue reached $111.8 million, a 218% increase year-over-year.
Launched online casino and sportsbook in Michigan and online sportsbook in Virginia during the quarter.
Increased 2021 revenue guidance to between $440 and $480 million.
Launched online casino in West Virginia in April.
Forward Guidance
RSI expects revenues for the full year ending December 31, 2021 to be between $440 and $480 million, up from its previous guidance of between $420 and $460 million.
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