RSI Q1 revenue hit a record $370M (+41%), driven by a 51% user surge. The company raised its 2026 revenue and profitability guidance.
Rush Street Interactive reported record Q1 2026 revenue of $370.4 million, up 41% year-over-year, according to the company's April 28, 2026, earnings release filed with the SEC. Net income rose 134% to $26.2 million, and Adjusted EBITDA reached $60.2 million, up 81% from Q1 2025.
The operator behind BetRivers and PlaySugarHouse posted its strongest quarterly financial results as a public company. Monthly active users in North American online casino markets grew 62% year-over-year. RSI also indicated an Alberta launch is imminent, which would extend its casino brands into a newly regulated Canadian province.
RSI's Q1 2026 net income of $26.2 million marked a 134% increase from $11.2 million in Q1 2025. Adjusted EBITDA reached $60.2 million, up 81% from $33.2 million. Total MAUs hit 839,000, a 51% increase year-over-year. North American online casino MAUs grew 62%, while total North American MAUs increased 46% to approximately 296,000.
Average revenue per MAU in the U.S. and Canada was $317. In Latin America, the figure was $54, which the company attributed to earlier-stage markets with different monetization profiles.
RSI's record performance and raised guidance indicate the company is investing more in player acquisition and retention. Players using BetRivers or PlaySugarHouse may see more competitive offers as RSI competes for market share in states including New Jersey, Pennsylvania, Michigan, and West Virginia.
The pending Alberta launch, expected in July 2026, will give Canadian players in that province access to BetRivers and PlaySugarHouse. Alberta's regulated online gaming market opened in 2025, and RSI's entry adds another option for players in that province.
RSI's press release did not break out MAU growth by individual U.S. state or market. The impact of Colombia's emergency tax decree on RSI's Latin American profitability was not addressed. The company also did not announce specific changes to bonus structures, payout speeds, or game counts tied to the record results.
RSI expects to launch in Alberta in July 2026, pending regulatory approvals, according to CEO Richard Schwartz's statement in the April 28, 2026, release. The company raised full-year 2026 revenue guidance to a range of $1.49 billion to $1.54 billion, representing projected year-over-year growth of 31% to 36%, and raised full-year Adjusted EBITDA guidance to between $230 million and $250 million. RSI's next quarterly report is due in late July.
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