Rush Street Interactive Selected to Operate Online Sports Betting in New York State
November 08 2021 - 5:23PM
Business Wire
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI” or the
“Company”), a leading online sports betting and casino company in
the United States, today announced that it was selected by the New
York State Gaming Commission (“NYSGC”) to operate online and mobile
sports betting in New York. RSI was awarded one of nine licenses
permitting gaming operators to offer online and mobile sports
betting in New York upon its statewide launch, which is expected to
occur during the first quarter of 2022.
Richard Schwartz, Chief Executive Officer of RSI, said, “Today
is a momentous occasion for RSI, sports fans across the Empire
State, and for the gaming industry at large. We are delighted to
have been selected by the NYSGC in a very thorough bidding process
and extend our congratulations to our fellow consortium
members.
“New York is a crown jewel market with more than 20 million
residents which, upon launch, will become the largest online sports
betting market in the United States. Moreover, it is home to some
of the most passionate sports fans in the nation. We look forward
to bringing our award-winning online gaming platform and customer
service to New York, deepening our roots in the state and region,
and creating an omnichannel experience for sports bettors that we
have successfully executed upon across the country.”
RSI currently operates online gaming in 11 states, including the
neighboring markets of Connecticut and New Jersey. Upon launch of
its online sportsbook in New York, RSI will be one of only three
companies with online gaming market access to all three states. The
New York City media market, the largest media market in the nation,
taps into all three states in the tri-state region, giving RSI
significant long-term marketing efficiencies.
RSI already has an established presence in New York through its
partnership with Rivers Casino & Resort Schenectady, a premier
in-person gaming destination, where RSI oversees the operations of
the casino’s retail sportsbook. Rivers Casino & Resort
Schenectady was the first casino in New York history to accept a
legalized sports bet and has been the leading commercial sportsbook
in the state by revenue since its launch in 2019.
Mr. Schwartz added, “Our selection by the NYSGC follows that by
the Connecticut Lottery Corporation to serve as its sports betting
operations partner in another highly competitive process. This
additional recognition of quality by a government agency serves as
strong validation of RSI, the attractiveness of our offerings, and
our ability to deliver value and results to our partners. We are
pleased to continue our successful track record of securing access
in high-barrier-to-entry jurisdictions, gaining market share, and
differentiating our platform through the quality of our products,
services, and customer service experience.”
Based on publicly available data, RSI is the retail market
leader in the three most populous states that have legalized retail
sports betting – New York, Illinois, and Pennsylvania – and is a
top four online gaming company in the United States per gross
gaming revenues over the past 12 months, according to an October
2021 report from independent gaming research firm Eilers &
Krejcik. Additionally, the Company’s mobile sportsbook app was
recently rated #3 out of 35 mobile sportsbook apps in the United
States market last month by Eilers & Krejcik.
About RSI RSI is a trusted online gaming and sports
entertainment company focused on regulated markets in the United
States and Latin America. Through its brands, BetRivers.com and
PlaySugarHouse.com, RSI was an early entrant in many regulated
jurisdictions and is currently live with real-money mobile, online
and/or retail operations in twelve U.S. states: Pennsylvania,
Illinois, New Jersey, New York, Connecticut, Michigan, Indiana,
Virginia, Colorado, Iowa, West Virginia and Arizona. RSI is also
active internationally, having been recognized as Sportsbook
Operator of the Year at the SBC Latinoamérica Awards 2021, where it
offers its online casino and sportsbook in the regulated gaming
market of Colombia on RushBet.co. RSI offers, through its
proprietary online gaming platform, some of the most popular online
casino games and sports betting options in the United States.
Founded in 2012 in Chicago by gaming industry veterans, RSI was
named the 2020 Global Gaming Awards Digital Operator of the Year
and the 2021 EGR North America Awards Casino Operator of the Year,
Customer Services Operator of the Year and Social Gaming Operator
of the Year. RSI is committed to industry-leading responsible
gaming practices and seeks to provide its customers with the
resources and services they need to play responsibly. For more
information, visit www.rushstreetinteractive.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108006145/en/
Media: Lisa Johnson (609) 788-8548
lisa@lisajohnsoncommunications.com or Jonathan Gasthalter/Carissa
Felger/Sam Fisher (312) 319-9233 / (212) 257-4170
rsi@gasthalter.com
Investors: ir@rushstreetinteractive.com
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