Rush Street Interactive (RSI) has secured market access opportunities in Ohio, Maryland, and Missouri through a strategic partnership deal with Penn National Gaming.
Under the terms of the deal, RSI will have the ability to offer its BetRivers.com real-money online casino and sports betting platform for up to 20 years in Ohio, Maryland, and Missouri through potential second skins in each of those states, subject to license availability, state law, and regulatory approvals. Upon and following the launch of the skins, RSI will compensate Penn National with industry-standard payments for market access.
“We are pleased to gain potential market access to three new states as we continue the execution of our strategy to gain access and bring our best-in-class online gaming offerings to key markets across the United States. The addition of Ohio, Maryland and Missouri to our market access portfolio, specifically, builds on RSI’s success in neighboring states and will create enhanced marketing efficiencies for our BetRivers.com brand. We continue to engage in productive dialogue with industry participants, such as tribal and commercial casinos and other stakeholders, to further our expansion into new states. We expect to continue entering into additional market access arrangements in the future, as other opportunities arise,” Richard Schwartz, president of RSI, said.
Additionally, the deal provides RSI with a right of first offer for a potential skin in Texas through Penn National subject to, among other things, state law and regulatory approvals.