Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 50

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 50
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798 79,293 52,325 Total revenue$924,083 $691,161 $592,212 Deferred revenue associated with online casino and online sports betting revenue and retail sports betting revenue includes unsettled customer bets and unredeemed customer incentives and is included within Player’s liabilities in the consolidated balance sheets. The deferred revenue activity for the years ended December 31, 2024, 2023 and 2022 was as follows:Years EndedDecember 31,($ in thousands)202420232022Deferred revenue, beginning of period$7,013 $7,840 $4,637 Deferred revenue, end of period10,814 7,013 7,840 Revenue recognized in the year from amounts included in deferred revenue at the beginning of the year7,013 7,840 4,637 

F-23

Table of ContentsRUSH STREET INTERACTIVE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4.    Intangible Assets, Net

As set forth in the table below, intangible assets, net as of December 31, 2024 and 2023 are $77.3 million and $74.9 million, respectively. The Company has the following intangible assets, net as of December 31, 2024 and 2023, respectively:($ in thousands)Weighted AverageRemainingAmortizationPeriod (years)GrossCarryingAmountAccumulatedAmortizationNetLicense FeesDecember 31, 20246.85$52,933 $(22,491)$30,442 December 31, 20237.75$61,015 $(25,946)$35,069 Internally Developed SoftwareDecember 31, 20242.19$68,291 $(29,346)$38,945 December 31, 20232.37$43,868 $(12,601)$31,267 Developed TechnologyDecember 31, 20244.89$6,381 $(2,224)$4,157 December 31, 20236.00$5,931 $(1,483)$4,448 Other Intangible Assets(1)December 31, 20242.08$7,373 $(3,570)$3,803 December 31, 20233.15$5,873 $(1,783)$4,090 _____________________________(