Rush Street Interactive (RSI), the online gaming platform behind BetRivers and PlaySugarHouse Casino, posted its best-ever annual performance in 2024 with record-breaking revenue figures. Analysts have since been largely positive about the company’s future, with further growth expected to continue well into 2025 and potentially beyond. Amidst the ongoing expansion of the global iGaming industry, RSI is rapidly becoming a strong player, and its continued success has increased investor confidence in recent months. The question remains – is RSI a quality stock to buy right now? Amongst the fast-paced and often confusing nature of the stock market (and the unpredictability we’ve seen from the inclusion of the volatile crypto market into the finance sphere), we’ve examined the figures a little more closely to help you make a more informed decision.
The strength of RSI’s recent performance
Whilst predicting the future is notoriously difficult, the latest signs certainly indicate a positive near-term future for Rush Street Interactive and its online gaming products. In Q4 of FY2024, almost all of the reported figures indicated strong, consistent growth across both its domestic and international markets, setting many new records for the company. RSI now expects its revenue to be between $1.01 billion and $1.08 billion in 2025, which would represent significant growth and would certainly boost investor confidence over the coming months. Average revenue per user has also been solid for RSI’s products during the last financial year, sitting at between $346 – $380 per user. The company’s balance sheet certainly looks healthy with positive cash flow and profitability, suggesting that it may have adequate capacity for future growth and possible acquisitions. The signs are overwhelmingly positive, and thanks to this strong performance, analysts have recently upgraded RSI, with the stock now holding a consensus rating of Strong Buy.
The growth of the US iGaming market
Whilst the solid recent performance of RSI offers reasons to be positive, it is also important to evaluate the context of the current iGaming landscape, as changes within the wider industry will have tangible implications for the future of this particular stock. Thanks to increasingly permissive legislation and a growing demand for casual gaming options, the iGaming market in the US is now growing at an incredible rate and shows no sign of slowing down anytime soon. In fact, in 2024, the iGaming industry in the US enjoyed record-breaking revenue for a fourth consecutive year, and 2025 appears poised to follow the same trend of exponential growth. The rise of casual mobile gaming and the arrival of new iGaming operators have led to a flourishing scene for gamers in America today, and national demand for accessible casino and sportsbook platforms continues to rise. For RSI, this fertile landscape for iGaming operators indicates that future growth could certainly be on the horizon, particularly if new legal markets soon open up in states like Maryland and Virginia.
As the parent company of BetRivers, RSI is clearly capitalizing on this growing demand for online casino and sportsbook platforms. In 2024, BetRivers expanded into new markets in the US, including Delaware, Michigan, and West Virginia, and monthly active users in the US and Canada swiftly grew by a huge 28% to 205,000 in Q4. The platform is now a leading player on the American iGaming scene, with popular BetRivers casino promo codes like those checked by Casino.org enabling the platform to regularly attract new players. The site boasts a huge selection of games alongside an impressively smooth user interface, and its competitive offering of bonuses and loyalty rewards certainly makes it a great choice for iGaming fans right now. By maintaining a solid reputation and an attractive platform, this leading operator is currently going from strength to strength, and its continued success suggests that RSI could be a quality stock to buy right now.
Potential challenges and considerations
Of course, the fast-growing American iGaming market is now a hugely competitive one, with new leading players arriving on the scene all the time. In order to maintain a strong and resilient position, Rush Street Interactive must continuously adapt to changing user preferences and ensure that its offering can live up to rising standards. BetRivers will need to constantly update its offering of games and promotions if it hopes to maintain a leading position within what has rapidly become a fiercely competitive market. Whilst the site is currently well-reviewed thanks to its smooth user interface and varied selection of games, RSI must focus on continuous product improvement and ensure that it is offering the best payout speeds, most popular games, and industry-leading customer service. In this crowded industry, only the best will do – only time will tell if this leading operator can keep up with demand. Uncertainties also remain with regard to taxation and regulation in certain markets, which could undoubtedly have an impact on the performance of RSI stock in the future – keeping up with the latest industry developments and trends will therefore be crucial if the stock is to retain its Strong Buy position.
Ultimately, the recent performance of Rush Street Interactive’s iGaming products and the growing US iGaming market mean that the future looks bright for this leading company. This flourishing industry is undoubtedly one to watch at the moment, and experts have speculated that an increasing number of US states will open up their own legal, regulated markets in the next few years. RSI has become a key player on the online casino and sportsbook scene, and its rapidly growing offering is now being enjoyed by users across multiple regions. This stock is doing consistently well right now, and when combined with the wider growth of the global iGaming market, RSI is arguably a quality stock to buy at present. Despite this strong overall position, it is still important to do further research before making any moves, as there are certainly a few key factors to consider when considering this choice. RSI could certainly be a solid option if these overall growth trends continue; however, it is worth considering the influence of fierce competition, taxation, and possible regulatory changes before making a firm decision.
Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
