Key Points
Third-quarter revenue reached $385.9 million, rising 39% year over year.
Online casino operations generated 75% of total company revenue.
Monthly active users in Latin America grew 46% to over 607,000.
On its third quarter of 2026 earnings call, held on Oct. 28, 2026, Rush Street Interactive (NYSE:RSI) announced third-quarter revenue of $385.9 million. Expandable online casino markets provide recurring revenue with high customer retention rates. Three key takeaways from management explain where the business is heading.
1. Online Casino Operations Anchor Revenue Growth and Customer Retention
Online casino games, also known as iCasino, represent digital slot machines and table games that generate recurring play. These higher-margin digital games deliver better retention and longer customer lifetimes than sports wagering. They serve as the financial engine for corporate expansion.
Online casinos remains the foundation of our business model, and it was once again the core driver of growth and profitability this quarter.
-- Richard Schwartz, Chief Executive Officer
2. Lower Player Acquisition Costs Expand Profit Margins
Management increased third-quarter marketing spend to $54.7 million as customer acquisition costs dropped to historic lows. Efficient acquisition allows the business to earn back its marketing investments quickly while scaling monthly active users, or active players using the platform each month, across key markets.
The cost to acquire players are still at the lowest levels they've been.
-- Kyle Sauers, President and Chief Financial Officer
3. Expanding U.S. Legalization Unlocks Long-Term Expansion
Only a small fraction of the domestic market currently allows legal digital casino games. State governments facing budget deficits are reviewing iCasino legislation as a reliable tax revenue generator. This legislative shift opens a multiyear growth runway for licensed operators.
Only approximately 12% of the U.S. population currently has access to regulated online casino, and states are facing increasing fiscal pressure, including from reductions in federal financial support.
-- Richard Schwartz, Chief Executive Officer
Looking Ahead
Growth in digital gaming continues despite short-term industry moderation, and executives see substantial multiyear potential across North America and Latin America. Proprietary game development and international user acquisition give the company distinct structural advantages over regional competitors. Management keeps a close eye on legislative developments and promotional spending discipline.
We're confident this is still a really significant long-term growth opportunity for us.
-- Kyle Sauers, President and Chief Financial Officer
Seasonal acceleration in the fourth quarter and expanding player counts position the business well against broader macroeconomic shifts. While consumer activity fluctuates from month to month, the underlying shift toward regulated digital gaming remains intact.
our category of online casinos goes through periods of, it slows down for short periods of time, but it's always come back stronger, and I expect the same thing will happen here.
-- Richard Schwartz, Chief Executive Officer
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