Rush Street Interactive, Bally, PointsBet Show Off Positive Financial Results

August brings strong financial results across major gaming brands, with Rush Street Interactive, Bally’s Corporation, and PointsBet all reporting revenue growth and record-breaking achievements.

Rush Street Interactive Reports Record Q2 2024 Revenue

Rush Street Interactive generated $220.4 million in Q2 2024 revenue, marking a 34% year-over-year increase compared to $165.1 million in Q2 2023.

• Net loss dropped dramatically from $16.7 million to $300,000.

• Monthly active users in the US and Canada rose by 24%, while average monthly revenue per customer increased by 6%.

• Adjusted EBITDA surged from $1.2 million in Q2 2023 to $21.4 million this year.

Richard Schwartz, CEO of Rush Street, described these as record-breaking results, reflecting expanding customer engagement and disciplined cost management.

Bally’s Corporation Sees Modest Revenue Growth

Bally’s Corporation reported $621.7 million in Q2 2024 revenue, up 2.5% year-over-year, with an adjusted EBITDA of $161.8 million. However, net loss grew from $25.7 million to $60.2 million.

• Casino and resort operations contributed $343.1 million (up 3%).

• International interactive revenue reached $229.4 million (down 7.4%).

• North American interactive revenue nearly doubled, from $25.3 million to $49.2 million.

Bally’s continues to rely heavily on casino and resort operations while expanding its interactive segment across North America.

PointsBet Reports 16% Net Win Growth in FY2024

Australia-based PointsBet Holdings Limited posted a 16% increase in net win for FY2024, reaching AU$267 million and achieving a 52.8% profit margin.

• Q4 2024 net win stood at AU$68.4 million.

• The company completed the AU$225 million sale of its US operations to Fanatics, with the final AU$50 million payment received in Q4.

• Despite improvements, PointsBet reported a net loss of AU$1.8 million, with operating and marketing costs totaling over AU$130 million.

Following the announcement, PointsBet’s stock rose by nearly 5%, signaling market confidence in the company’s fiscal performance.

Overall, these Q2 and FY2024 results showcase the continued strength and resilience of the iGaming and casino industry, as companies adapt, expand, and optimize operations to capture growth across global markets.