Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 30

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 30
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 Rush Street Interactive, Inc. and its subsidiaries (including RSILP) are collectively referred to as “RSI” or the “Company.” The Company is headquartered in Chicago, Illinois.RSI launched its first social gaming website in 2015 and began accepting real-money bets in the United States in 2016. The Company establishes and utilizes subsidiaries to facilitate its operations in jurisdictions where the Company is licensed to operate. In 2018, RSI also became the first U.S.-based online gaming operator to launch in Colombia, which was an early adopting Latin American country to legalize and regulate online casino and sports betting nationally. In addition, RSI launched its real-money offering in Canada and Mexico during the second quarter of 2022, and in Peru during the third quarter of 2024.As of December 31, 2024, RSI offered real-money online casino, online sports betting and/or retail sports betting in the 15 U.S. states and four international jurisdictions as outlined in the table below.JurisdictionsOnline CasinoOnline SportsBettingRetail SportsBettingDomestic:ArizonaüColoradoüDelawareüüIllinoisüüIndianaüüIowaüLouisianaüMarylandüüMichiganüüüNew JerseyüüNew YorküüOhioüPennsylvaniaüüüVirginiaüüWest VirginiaüüInternational:ColombiaüüOntario (Canada)üüMexicoüüPeruüüSubsequent to year end, in January 2025, the Company launched retail sports betting operations in support of the Swinomish Indian Tribal Community in Washington State.

2.    Summary of Significant Accounting Policies

Basis of Presentation and Principles of ConsolidationThe accompanying consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the U.S. Securities and 

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

Exchange Commission (“SEC”). The consolidated financial statements include the accounts of the Company, its direct and indirect wholly owned subsidiaries, and all entities in which the Company has a controlling interest. RSI is deemed to have a controlling interest of RSILP through its wholly owned subsidiary RSI GP, LLC (“RSI GP”), which is the sole general partner of RSILP. For consolidated entities that are less than wholly owned, third-party holdings of equity interests are presented as Non-controlling