Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 27

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 with social gaming services to provide the services to users upon the redemption of virtual credits. Deferred revenue is recorded when users purchase virtual credits and revenue is recognized when the virtual credits are redeemed, and the Company’s performance obligation has been fulfilled.Disaggregation of revenue for the three and nine months ended September 30, 2025 and 2024, was as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,($ in thousands)2025202420252024Online casino and online sports betting$276,119 $230,176 $804,520 $664,647 Retail sports betting538 827 1,329 1,996 Social gaming1,254 1,106 3,686 3,273 Total revenue$277,911 $232,109 $809,535 $669,916 

F-11

Table of ContentsRUSH STREET INTERACTIVE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Revenue by geographic region for the three and nine months ended September 30, 2025 and 2024, was as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,($ in thousands)2025202420252024United States and Canada$244,373 $194,389 $701,848 $571,439 Latin America, including Mexico33,538 37,720 107,687 98,477 Total revenue$277,911 $232,109 $809,535 $669,916 Deferred revenue associated with online casino and online sports betting revenue and retail sports betting revenue includes unsettled customer bets and is included within players’ liabilities in the condensed consolidated balance sheets. The deferred revenue balances as of September 30, 2025 and 2024 were as follows:Nine Months EndedSeptember 30,($ in thousands)20252024Deferred revenue, beginning of period$10,814 $7,013 Deferred revenue, end of period$12,512 $9,598 Revenue recognized during the period from amounts included in deferred revenue at the beginning of the period$10,814 $7,013 

4.Intangible Assets, Net

The Company had the following intangible assets, net as of September 30, 2025 and December 31, 2024:($ in thousands)Weighted-Average Remaining AmortizationPeriod (years