{"id":7073,"date":"2024-05-02T06:27:20","date_gmt":"2024-05-02T06:27:20","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/05\/02\/rush-street-interactive-reports-217-4-million-revenue-for-q1-2024\/"},"modified":"2024-05-02T06:27:20","modified_gmt":"2024-05-02T06:27:20","slug":"rush-street-interactive-reports-217-4-million-revenue-for-q1-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/05\/02\/rush-street-interactive-reports-217-4-million-revenue-for-q1-2024\/","title":{"rendered":"Rush Street Interactive Reports $217.4 Million Revenue for Q1 2024"},"content":{"rendered":"<div>\n<p>Rush Street Interactive (RSI) has disclosed its first-quarter financial outcomes for the period ended March 31, 2024, demonstrating remarkable progress in revenue and reduced net losses compared to the previous year.<\/p>\n<p>RSI reported a substantial year-over-year revenue surge, reaching $217.4 million for Q1, marking a 34% increase from the corresponding period in 2023, which recorded $162.4 million in revenue. Moreover, the company\u2019s net loss witnessed a notable decrease of over $20 million compared to Q1 2023.<\/p>\n<p><em>\u201cWe are extremely pleased with our record first quarter results achieving company quarterly record revenues and adjusted EBITDA of $217m and $17m, respectively,\u201d<\/em> stated RSI CEO Richard Schwartz.<\/p>\n<h2>Caesars Digital Comparison and Growth Prospects<\/h2>\n<p>In comparison, Caesars Digital reported a Q1 revenue of $282 million, despite facing challenges such as a lower-than-expected hold in online sports due to unfavorable outcomes for major sporting events like the <a href=\"https:\/\/igaming.org\/sports-news\/super-bowl-spurs-record-sign-ups-for-legal-betting-in-us\/\">Super Bowl<\/a> and March Madness. While RSI\u2019s growth trajectory may take time to match that of Caesars Digital, RSI remains optimistic about its growth prospects.<\/p>\n<p>RSI also witnessed a significant increase in monthly active users across its operational regions, with 176,000 users reported in the US and Canada and 224,000 in Latin America, representing year-over-year growth of 20% and 72%, respectively. With early estimates projecting total revenue for the year between $810 million and $860 million, RSI anticipates a 21% year-over-year growth.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cWe are very excited about the opportunity to continue to scale the business and drive growth on the back of our current momentum,\u201d<\/em> said Schwartz, expressing confidence in the team\u2019s ability to execute their strategy and deliver value to shareholders.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/rush-street-interactive-reports-217-4-million-revenue-for-q1-2024\/\">Rush Street Interactive Reports $217.4 Million Revenue for Q1 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rush Street Interactive (RSI) has disclosed its first-quarter financial outcomes for the period ended March 31, 2024, demonstrating remarkable progress in revenue and reduced net losses compared to the previous year. RSI reported a substantial year-over-year revenue surge, reaching $217.4 million for Q1, marking a 34% increase from the corresponding period in 2023, which recorded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7073","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7073"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7073\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}