Rush Street Interactive has once again upgraded its revenue and adjusted EBITDA projections for the full year, marking the second consecutive quarter of positive revisions. This follows the company’s impressive earnings and consistent growth in player engagement across North and Latin America during the second quarter.
The online gaming and sports betting firm now anticipates its revenue for 2026 to fall between $1.56 billion and $1.60 billion, a notable increase from the previously estimated range of $1.49 billion to $1.54 billion after the first quarter. This revised forecast indicates a year-over-year growth rate of 38% to 41%.
Adjusted EBITDA is expected to reach between $245 million and $265 million, up from the earlier guidance of $230 million to $250 million. This updated outlook suggests an annual growth rate of 59% to 72%.
CEO Richard Schwartz expressed confidence in the company’s future, stating, “We’re performing well in our key markets, we’re seeing a strong start in Alberta, and we have significant long-term opportunities ahead.”
The increase in guidance comes after Rush Street reported a record revenue of $393.8 million for the three months ending June 30, 2026, which is a 46% rise from $269.2 million during the same period last year. This marks the highest quarterly revenue the company has ever achieved. Adjusted EBITDA also saw a significant increase of 61%, reaching a record $64.6 million.
Operating profit climbed to $46.2 million, despite rising operational costs, as the revenue growth effectively counterbalanced the increased expenses. Pre-tax profit stood at $49.7 million, a turnaround from a loss of $110.5 million in the same quarter of the previous year.
After accounting for $17.7 million attributed to non-controlling interests, the net income attributable to Rush Street Interactive was $11.5 million, reflecting a 31% decrease from the previous year, largely due to a $115 million tax benefit recorded in Q2 2025.
Latin America emerged as the strongest region for revenue growth, with a staggering 195% increase year-over-year. North American revenue also rose by 23%. Overall, online sports betting revenue surged by 64%, primarily driven by engagement from the 2026 FIFA World Cup, while online casino revenue increased by 40%. Notably, online casino revenue constituted 72% of Rush Street's total quarterly earnings.
Schwartz remarked, “We achieved another record quarter, reaching all-time highs for revenue and adjusted EBITDA, fueled by our expanding market share in online casino and the positive impact of the World Cup on our sports betting operations.”
The World Cup not only aided in customer acquisition but also helped reactivate existing players, especially in Latin America. Over 25% of new depositors acquired during the World Cup had already engaged with Rush Street's casino offerings by the time of the report.
Monthly active users surged by 58% year-over-year, totaling approximately 949,000, with North American users increasing by 51% to around 296,000, bolstered by growth in the online casino sector.
Rush Street Interactive launched its operations in Alberta, Canada, on July 13. Schwartz noted that the metrics for first-time depositors and daily active users are approximately double those seen in Ontario at a similar stage, adjusted for population differences.
The company has also submitted an application to the U.S. Commodity Futures Trading Commission for a Designated Contract Market license. However, Schwartz emphasized that prediction markets are not a strategic focus for Rush Street and do not significantly impact its sportsbook operations.
The records achieved in the second quarter follow previous all-time highs in revenue, adjusted EBITDA, and net profit during the first quarter of the year. For the first half of 2026, Rush Street reported revenue of $492.3 million, reflecting a 43% increase year-over-year, while adjusted EBITDA rose by 70% to $124.8 million.
Operating profit for the first half surged by 127% to $89 million, with pre-tax profit reaching $95.4 million, a significant improvement from a loss of $69.9 million in the same period of 2025. Net profit for the six-month period increased by 39% to $55.5 million, although the prior year’s tax benefit impacted the comparison.