Rush Street Interactive, Inc. (RSI), one of the most trusted and fastest-growing online casino and sports betting companies in the United States, today announced that it has secured market access opportunities in Ohio, Maryland and Missouri.
RSI has entered into a strategic partnership agreement with Penn National Gaming, Inc. (“Penn National”). Under the terms of the agreement, RSI will have the ability to offer its award-winning BetRivers.com real-money online casino and sports betting platform for up to 20 years in Ohio, Maryland and Missouri through potential second skins in each of those states, subject to license availability, state law and regulatory approvals. Upon and following the launch of the skins, RSI will compensate Penn National with industry-standard payments for market access.
“We are pleased to gain potential market access to three new states as we continue the execution of our strategy to gain access and bring our best-in-class online gaming offerings to key markets across the United States,” said Richard Schwartz, president of RSI. “The addition of Ohio, Maryland and Missouri to our market access portfolio, specifically, builds on RSI’s success in neighboring states and will create enhanced marketing efficiencies for our BetRivers.com brand. We continue to engage in productive dialogue with industry participants, such as tribal and commercial casinos and other stakeholders, to further our expansion into new states. We expect to continue entering into additional market access arrangements in the future, as other opportunities arise.”
RSI currently operates online gaming sites available for customers to play today in eight states with a combined population of more than 68 million, including Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Pennsylvania and Virginia. Taken together with our ability to access markets under applicable regulations or potentially access them through our existing market access deals for online gaming in New York, Ohio, Maryland, Missouri and West Virginia, RSI now has the potential, with first or second skins, to access online gaming markets reaching more than 35% of the U.S. population. In addition to its industry leading real-money online casino and sports betting offerings, RSI offers immersive social gaming options and provides tailored retail wagering services to in-casino sportsbooks. RSI is the market leader in the three most populous states that have legalized retail sports betting: Illinois, Pennsylvania and New York.
Additionally, the agreement provides RSI with a right of first offer for a potential skin in Texas through Penn National subject to, among other things, state law and regulatory approvals.