# Rush Street Interactive Revenue Grows 39% Amid Cooling Online Casino Market BetRivers owner warns of lower growth trends as US online casino demand softens. - **Source:** [ReadWrite](https://brifing.si/source/7a996b61-bc09-4e57-8483-78f2ad9dd914) - **Published:** 2026-10-30 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/777a2925-6a17-4583-97f4-7c6c54657dc5 ## Revenue Growth Performance Rush Street Interactive reported a 39% revenue increase to $385.9 million in the third quarter of 2026. Despite this growth, the company signaled that October trading trends are tracking toward the lower end of its full-year guidance range. This warning follows a period of record performance during the second quarter. ## Market Demand Shifts Online casino operations now account for 75% of total revenue, up from 72% in the previous quarter. Management attributes the slower growth trajectory to a cooling North American online casino market rather than a loss of market share. Increased competition in states like Michigan is contributing to this broader sector softening. ## Profitability and Margins Net income rose 93% to $28.7 million, significantly outpacing revenue growth. Adjusted EBITDA increased 73% to $62.2 million, demonstrating efficient operational scaling despite the revenue headwinds. The company continues to invest in growth, with sales and marketing expenses rising 43% to $56.0 million compared to the same period last year. ## User Base Expansion The company reached a record 300,572 monthly active users in North America, representing a 34% year-over-year increase. Latin American user growth was even stronger at 46%, reaching 607,308 active users. These figures highlight that while market growth is cooling, the operator continues to successfully acquire and retain a large player base. ## Regional Market Dynamics Michigan serves as a key indicator for the current market environment, with September iGaming receipts falling 0.9% compared to August. Rush Street Interactive noted that these statewide figures align with their internal observations of a softer market. The company’s performance remains sensitive to regional regulatory environments and local competitive pressures. ## Capital Allocation Strategy Rush Street Interactive actively managed its capital during the quarter by repurchasing approximately $14 million in stock. An additional $11 million was bought back after the quarter ended, leaving $75 million available under the current authorization. This demonstrates management's commitment to returning value to shareholders despite the cautious forward-looking revenue guidance. ## Guidance and Assumptions The company maintained its 2026 revenue guidance, which implies growth between 38% and 41%. This outlook assumes that current tax structures remain unchanged, including Colombia’s temporary 16% excise tax. The fourth quarter will serve as a critical test to determine if revenue hits the lower end of these projections. ## Investor Market Reaction Following the earnings release on October 28, shares fell 1.82% to $15.13 during regular trading. The stock price subsequently moved below its 52-week low in after-hours trading. Investors are closely monitoring the fourth-quarter performance to see if the company can sustain its momentum amidst the reported cooling of the online casino sector. ## Sources covering this story - https://readwrite.com/betrivers-owner-rush-street-grows-revenue-39-but-sees-october-at-low-end-of-2026-guidance/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._