Rush Street Interactive Mulling Sale, Approached DraftKings

Bloomberg is reporting that representatives for online gambling company Rush Street Interactive have approached potential buyers, including DraftKings. A spokesperson for DraftKings told the news outlet that it often “speaks to a variety of companies regarding various matters in the normal course of business, and it is our general policy not to comment on the specifics of any of those discussions.”

reported sales of $691m, up 17% from 2022

Rush Street Interactive, which includes brands such as BetRivers and RushBet, offers online betting in 15 US states and three other countries. In 2023, it reported sales of $691m, up 17% from 2022. Rush Street Interactive ranked sixth in the US online sports betting market, holding a market share of less than two percent.

Despite Rush Street Interactive not dominating the market, it remains an attractive business. Along with its rising profits, it also has exposure to the Latin American market through Colombia and Mexico.

In 2022, Spanish soccer league LaLiga partnered with RushBet as its exclusive South American sportsbook partner. In the same year, Rush Street Interactive became the first major US sportsbook to launch in Mexico through its RushBet online casino and sports betting website.

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• Source: https://www.vegasslotsonline.com/news/2024/03/22/rush-street-interactive-considering-sale-has-approached-draftkings/