By Ron Nikelson
November 4th, 2025
BURLINGTON, ON
Online gaming and sports entertainment company, Rush Street Interactive (RSI), has recently reported its most successful quarterly performance in Ontario in almost two years. RSI is the owner of BetRivers, a leading online casino and sportsbook that operates in multiple regulated markets across the US, Canada, and Latin America.
RSI’s commitment to its online casino-focused model has led to a 24% revenue growth in Ontario after quarter 3. This is the best revenue the company has been able to generate since late 2023, and comes as a welcome relief for RSI after a significantly slow sports season.
Online casinos, like those operated by RSI, have become exceedingly popular in Canada. Not only do they make the world of online gambling and sports betting infinitely more accessible than their traditional counterparts, but they are also known for their impressive game libraries and enticing bonuses. Some even enable gamblers to wager and withdraw funds in cryptocurrency, which allows for tightened security as well as faster and cheaper transactions (source:https://99bitcoins.com/online-casinos-in-canada/)
All of this allows gamblers to enjoy everything they love most about a traditional casino from the comfort of their own home. This is extremely helpful for those who are unable to regularly attend brick-and-mortar institutions due to accessibility issues, geographical restrictions, or time constraints. With all of this in mind, it makes sense why the online casino scene is booming, and RSI has certainly made the right decision to capitalize on that.
In Quarter three, the RSI secured a record revenue of $227.9 million USD or $388.6 million CAD. This is up an impressive 20% when compared to the same time last year. It also marks the tenth year in a row of sequential growth for RSI. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) went up 54% to $36 million USD ($50 million CAD). This then caused their net income to reach $14.8 million USD ($20.7 million CAD). Representing a significant increase from the $3.2 million USD ($4.5 million CAD) they hit last year.
RSI objectively made the right decision to focus on online casino gaming in Ontario. This province’s regulated market regularly sees more than $7 billion a month in wagers on online casino platforms. When we examine online casino revenue more generally, we see a similar year-on-year climb experienced by RSI. The total revenue was up 34% when compared to last year, and the total number of active monthly users reached 225,000, which is also a 34% increase. This represents the fastest quarterly growth of Ontario online casino users in more than four years.
RSI’s success isn’t limited to Ontario either; the company saw strong growth in Michigan (up 48%), New Jersey (up 37%), and Pennsylvania (up 15%). It also dominates in Delaware as the only iCasino operator with state approval. On top of this, it also operates a pooled online poker network across four US states.
The company saw strong growth in Michigan (up 48%).
All of this led RSI to raise its full-year revenue guidance to $1.11 billion USD or $1.55 billion CAD. This represents a 20% increase when compared to last year. Additionally, it was able to raise its EBITDA to $150 million USD or $210 million CAD, which represents an impressive 62% increase year-on-year.
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