Market access

Rush Street Interactive secures market entry opportunities for online casinos and sports betting in Ohio, Maryland and Missouri

CHICAGO–(COMMERCIAL THREAD) – Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), one of the most trusted and fastest growing online casino and sports betting companies in the United States, announced today have obtained market access opportunities in Ohio, Maryland and Missouri.

RSI has entered into a strategic partnership agreement with Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National”). Under the terms of the agreement, RSI will have the ability to offer its award-winning online casino and real money sports betting platform BetRivers.com for up to 20 years in Ohio, Maryland and Missouri through second potential skins in each of these states. , subject to license availability, state law, and regulatory approvals. At and after the launch of the skins, RSI will compensate Penn National with industry standard payments for market access.

“We are excited to have potential market access to three new states as we continue to execute our strategy to access and deliver our best online gaming offerings in key US markets,” said Richard Schwartz, president of RSI. “The addition of Ohio, Maryland and Missouri to our Market Access portfolio, in particular, builds on RSI’s success in neighboring states and will create improved marketing effectiveness for our BetRivers.com brand. . We continue to engage in productive dialogue with industry participants, such as tribal and commercial casinos and other stakeholders, to continue our expansion into new states. We plan to continue to enter into further market access agreements in the future, as more opportunities arise. ”

RSI currently operates online gaming sites available to customers in eight states with a combined population of over 68 million, including Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Pennsylvania and Virginia. Together with our ability to access markets under applicable regulations or potentially access them through our existing market access agreements for online gaming in New York, Ohio, Maryland, Missouri and West Virginia, RSI now has the potential, with a first or second skin, to access online gaming markets reaching over 35% of the US population. In addition to its industry-leading real money online casino and sports betting offerings, RSI offers immersive social gaming options and provides personalized retail betting services to casino sports betting. RSI is the market leader in the three most populous states that have legalized retail sports betting: Illinois, Pennsylvania, and New York.

In addition, the agreement gives RSI a right of first offer for a potential skin in Texas through Penn National, subject to, among other things, state laws and regulatory approvals.

About RSI

Founded in 2012 by gaming industry veterans, RSI is a market leader in online casinos and sports betting in the United States, currently operating real money games in nine US states. RSI launched its first online gaming site in New Jersey in September 2016, and through its BetRivers.com and PlaySugarHouse.com sites, RSI was the first to launch regulated online gaming in Colorado, Illinois, Indiana and Pennsylvania. RSI was named Digital Operator of the Year at the 2020 Global Gaming Awards, and 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. RSI was a forerunner in Latin America and was the first US-based gaming operator to launch a legal and regulated online casino and sportsbook, RushBet.co, in Colombia. For more information, visit www.rushstreetinteractive.com.

Forward-looking statements

This press release includes “forward-looking statements” within the meaning of the “safety regulations” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from their expectations, estimates and projections and, therefore, you do not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “plan”, “anticipate”, “intend to”, “plan”, “may”, “can” , “Could”, “should,” “believes”, “predicted”, “potential”, “continuing” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI’s expectations regarding its strategic partnership with Penn National, its potential future operations in the states covered by that partnership and its future performance there, and its expectations with respect to obtaining additional market access across the United States. These forward-looking statements involve significant risks and uncertainties which could cause actual results to differ materially from expected results. Most of these factors are beyond RSI’s control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unforeseen product or service delays and other risks and uncertainties indicated from time to time in the most recent statement of RSI’s power of attorney, including those mentioned in the “Risk Factors” section, and in other documents filed by RSI with the SEC. RSI cautions that the above list of factors is not exclusive. RSI cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. RSI does not undertake or accept any obligation or commitment to publicly issue any updates or revisions to forward-looking statements to reflect any change in its expectations or any change in the events, conditions or circumstances upon which such statement is based. .


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