$393.8M Revenue, Raised 2026 Guidance: Richard Schwartz and Kyle L. Sauers Power Rush Street Interactive’s Record Quarter

A casino-first strategy and two very different regional engines carry RSI to another record quarter – and a higher outlook for the rest of 2026.

Rush Street Interactive reported record second-quarter 2026 results, with revenue of $393.8m, up 46% year-over-year, and a record Adjusted EBITDA of $64.6m, up 61%. On the back of the print, the operator behind BetRivers, PlaySugarHouse and RushBet raised its full-year revenue and Adjusted EBITDA guidance. For a sector where profitable scale has been hard to prove, that combination – record numbers plus a lifted outlook – is the part operators will notice.

Why the results matter now

Plenty of operators can grow revenue. Fewer can grow revenue and profit at the same time, and fewer still feel confident enough mid-year to raise guidance. RSI did all three. Net income came in at a record $29.3m, and adjusted sales and marketing expense held at 12.3% of revenue ($48.6m) – a sign the growth isn’t being bought purely through spend.

What the results actually involve

The quarter’s headline figures are straightforward: revenue of $393.8m against $269.2m a year earlier, and Adjusted EBITDA of $64.6m against $40.2m. Total monthly active users reached approximately 949,000, up 58% year-over-year. North American MAUs were around 296,000 (up 51%), a figure RSI attributes to 64% year-over-year MAU growth in its North American online casino markets, while Latin American MAUs – which include Mexico – reached roughly 653,000, up 62%.

CEO Richard Schwartz framed the quarter plainly: “We delivered another record quarter, setting all-time highs once again for revenue and Adjusted EBITDA, driven by continued share gains in online casino and our sports betting markets benefiting from the World Cup.”

The operator read

Here’s the part operators care about: RSI is running two engines with very different economics. North American players carry an ARPMAU of $320; Latin American players sit at $55. The volume is coming from the south – Latin America accounts for the larger MAU base – while the revenue density sits in the north. Layered over both is a casino-first strategy that Schwartz called the foundation of the business, “with online casino representing 72% of our revenue this quarter.” That mix is what’s allowing revenue and EBITDA to climb together rather than trading off against each other. RSI also launched online casino and online sports in Alberta earlier in July, adding another regulated North American market.

The caveat worth naming

The raised guidance carries a stated condition. RSI’s full-year outlook assumes it continues operating under similar tax structures in its live markets, including what the company describes as the temporary emergency 16% tax decree in Colombia. Because that decree is, by the company’s own description, temporary, any change to it could affect the assumptions underpinning the upgraded numbers. The guidance also counts only jurisdictions live as of the reporting date, so it does not price in new-market upside – or the risk of any pullback.

What operators can take from this

The lesson in RSI’s quarter isn’t “go casino-first” as a slogan –  it’s the maths behind it. Online casino at 72% of revenue, adjusted marketing held at 12.3%, and revenue and EBITDA climbing together show that a casino-led mix can scale without buying growth through spend. For operators weighing where to put their next dollar, that combination – high-ARPMAU North American players alongside a broad Latin American base – is the clearest live proof that a dual-market model can grow the top line and the margin at once.

Source: Rush Street Interactive