Rush Street Interactive posts record $370.4M Q1 revenue, raises 2026 guidance
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.
Why it matters
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.
Main development
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.
Player impact
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.
What remains unclear
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.
What happens next
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.
Sources
- [1]Rush Street Interactive Announces First Quarter 2026
Press release · Tier 1 · globenewswire.com · Accessed 2026-05-01T05:00:47.648Z
Supports: Reported topic: Rush Street Interactive Announces First Quarter 2026
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [2]Financials - Quarterly Results - Rush Street Interactive Inc.
Official source · Tier 1 · ir.rushstreetinteractive.com · Accessed 2026-05-01
Supports: Reported topic: Financials - Quarterly Results - Rush Street Interactive Inc.
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [3]Inspired Reports First Quarter 2025 Results - GlobeNewswire
Press release · Tier 1 · globenewswire.com · Accessed 2026-05-01
Supports: Reported topic: Inspired Reports First Quarter 2025 Results - GlobeNewswire
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [4]SEC Filings - Financials - Rush Street Interactive
Official source · Tier 1 · ir.rushstreetinteractive.com · Accessed 2026-05-01
Supports: Reported topic: SEC Filings - Financials - Rush Street Interactive
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [5]Flutter Entertainment Reports Fourth Quarter and Full Year
Press release · Tier 1 · globenewswire.com · Accessed 2026-05-01
Supports: Reported topic: Flutter Entertainment Reports Fourth Quarter and Full Year
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [6]Rush Street Interactive Announces First Quarter 2025
Press release · Tier 1 · globenewswire.com · Accessed 2026-05-01
Supports: Reported topic: Rush Street Interactive Announces First Quarter 2025
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [7]Rush Street Interactive Inc. - Financials - SEC Filings Details
Official source · Tier 1 · ir.rushstreetinteractive.com · Accessed 2026-05-01
Supports: Reported topic: Rush Street Interactive Inc. - Financials - SEC Filings Details
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [8]Rush Street Interactive Inc (RSI) Q1 2026 Earnings Call Highlights
Source · Unclassified · finance.yahoo.com · Accessed 2026-05-01T05:00:47.648Z
Supports: Reported topic: Rush Street Interactive Inc (RSI) Q1 2026 Earnings Call Highlights
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [9]Rush Street Interactive raises 2026 outlook after record first-quarter.
Source · Unclassified · yogonet.com · Accessed 2026-05-01T05:00:47.648Z
Supports: Reported topic: Rush Street Interactive raises 2026 outlook after record first-quarter.
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
- [10]igaming.org
Source · Unclassified · igaming.org · Accessed 2026-05-13
Supports: Source URL topic: rush street interactive raises 2026 guidance after record q1 revenue of 370 4m
Source notes: Claim mapping inferred from the stored source title; verify the source before relying on material claims.
