Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 27

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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. In this scenario, revenue is generated based on total customer bets less amounts paid to customers for winning bets, less other incentives awarded to customers, plus or minus the change in unsettled retail sports bets and unclaimed retail tickets for settled retail bets.Social gamingThe Company provides a social gaming platform for users to enjoy free-to-play games that use virtual credits. While virtual credits are issued to users for free, some users may choose to purchase additional virtual credits through the Company’s virtual cashier. The Company has a single performance obligation associated 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 six months ended June 30, 2025 and 2024, was as follows:Three Months EndedJune 30,Six Months EndedJune 30,($ in thousands)2025202420252024Online casino and online sports betting$267,520 $218,849 $528,401 $434,471 Retail sports betting464 461 791 1,169 Social gaming1,233 1,069 2,432 2,167 Total revenue$269,217 $220,379 $531,624 $437,807 Revenue by geographic region for the three and six months ended June 30, 2025 and 2024, was as follows:Three Months EndedJune 30,Six Months EndedJune 30,($ in thousands)2025202420252024United States and Canada$232,613 $188,513 $457,475 $377,050 Latin America, including Mexico36,604 31,866 74,149 60,757 Total revenue$269,217 $220,379 $531,624 $437,807 

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

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 June 30, 2025 and 2024 were as follows:Six Months EndedJune 30,($ in thousands)20252024Deferred revenue, beginning of period