Rush Street Interactive posts revenue surge and modest profit
Revenue for online casino and sports betting company Rush Street Interactive surged 31% in the fourth quarter of 2024.
In addition to the US$254.2 million of revenue, the Chicago-based company recorded a profit of US$6.5 million. That represented almost all of Rush Street Interactive’s profit for the year.
Cash flow was US$30.6 million, marking a 166% swing to positive return on investment. Rush Street Interactive also released 2025 revenue guidance of US$1 billion to nearly US$1.1 billion, with a cash flow target of US$115 million to US$135 million.
Marketing and promotional expenses swelled from US$34.6 million in Q4 2023 to US$43.1 million Q4 2024. Monthly active users, however, climbed 28% in the US and Canada, and 71% in Latin America.
South-of-the-border active users outnumbered North American ones, 348,000 to 205,000. Average revenue per month per customer was US$39 in Latin America, down US$3 from 2023. In North America it was US$346 per user, essentially flat with the prior year.
Rush Street Interactive Chief Executive Richard Schwartz said, “We experienced broad-based growth and success across all our geographies and products. We continued to accelerate player growth, acquiring more players efficiently while maintaining industry leading player values.”
He concluded, in part, “As we enter 2025, we are excited about the opportunities ahead. Our investments in technology, strategic partnerships, and providing an exceptional customer experience have set a solid foundation for sustained growth and profitability.”
Read more: Rush Street Interactive: iGaming prospects better than ever
David McKee is an award-winning journalist who has three decades of experience covering the gaming industry.
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