Rush Street Interactive, Inc. (RSI) operates a flexible online gaming platform offering real-money casino and sports betting across 16 U.S. states and several Latin American markets. After recording significant operating losses in 2022-23, RSI substantially improved its profitability in FY2024 and achieved a decisive operating income and net income turnaround in FY2025, supported by expanding market presence and operational scale. The company’s B2C model dominates revenue, bolstered by social gaming pre-launch strategies and B2B retail partnerships. Key risks remain regulatory compliance challenges and competitive pressures, while future growth hinges on entering new regulated jurisdictions, evolving product innovation, and effective capital allocation.