Rush Street Interactive delivered its best financial performance in company history during the first quarter of 2026, with record results across revenue, net income and adjusted EBITDA that validated the company’s deliberate bet on online casino over sports betting as its primary growth engine.
Revenue reached $370.4 million, a 41% year-on-year increase that was the fastest growth rate in four years. Net income of $26.2 million was up 134%, while adjusted EBITDA of $60.2 million jumped 81% compared to the same period last year.
Monthly active users totalled approximately 839,000 across North America and Latin America, up 51% year-over-year. Growth in North American online casino markets was particularly strong, with MAUs in that segment up 62%, demonstrating that the company’s casino-first strategy is attracting and retaining a user base that responds well to product quality over promotional generosity.
Richard Schwartz, CEO of Rush Street Interactive, said the company was “pleased to report another strong quarter,” an understatement given that every headline metric came in at a new record.
The ARPMAU figure reveals the quality of the user base rather than just its size. US and Canadian players generated $317 in average revenue per monthly active user, while Latin American players contributed $54. The gap reflects both the maturity difference between markets and the different product mix, with US users spending more heavily on table games and slots where RSI’s technology leadership is most pronounced.
RSI raised its full-year 2026 revenue guidance following the Q1 outperformance, now projecting between $1.49 billion and $1.54 billion for the year. That represents a meaningful step up from the prior guidance range and implies sustained growth acceleration even as the company enters markets and competitive dynamics that become more challenging with scale. Latin America remains the highest-growth territory in volume terms, with MAUs up 54% year-over-year, though the ARPMAU differential with North America means the revenue mix impact is more modest.
The broader iGaming earnings season of which this result is a part has told a consistent story across multiple operators: online casino is outperforming sports betting, prediction markets are arriving faster than many expected, and the companies positioned as casino-first are having structurally better quarters.
RSI fits that description more cleanly than most, having built its growth story on games and player experience rather than betting promotions. The stock market acknowledged as much in its reaction, though investor attention now turns to whether Q2 can sustain the trajectory with fewer one-off tailwinds.
