Rush Street Interactive is one of those gambling brands that need no introduction. As one of the most recognized online casino regulators in the country, Rush Street boasts a significant market share in some of the most profitable gambling markets in the country such as New Jersey and Pennsylvania.
To cement its presence in these lucrative markets even further, Rush Street recently announced that it had entered into a strategic alliance with Design Works Gaming. For years, Design Works Gaming has been supplying some of the world’s leading operators with real money gaming products and app development services.
With headquartered in Scottsdale, Design Works Gaming has worked hard to establish a strong reputation for innovation in the gambling industry. Its immersive gaming experiences reverberate with a wide selection of gamblers, which allows the brand to continuously produce an array of games designed to cover many themes, gameplay mechanics, and genres.
From high-tech video slots to classic table games, Design Works’ catalogue generally offers punters a well-rounded experience. With this partnership, Design Works now has the opportunity to leverage Rush Street’s credibility and popularity in the gambling scene as a means of expanding its presence and reach among punters in New Jersey and Pennsylvania.
This collaboration will also go a long way in allowing Design Works to leverage Rush Streets mighty infrastructure and eager customer base. Ultimately, this will facilitate the distribution and accessibility of Design Works’ content and games with the possibility of expanding into even more gambling states in the future.
What we cover
What are some of the partnership details?
As you can imagine, this partnership will Rush Street marks a significant achievement for Design Works as it has solidified the brand’s position as a crucial player in the country’s expanding iGaming industry. Under the terms of this newly forged deal, Design Works Gaming will supply some of its most popular gaming content Rush Street’s online betting platforms including PlaySugarHouse, as well as BetRivers.
PlaySugarHouse and BetRivers will be able to access Design Works’ content via the OpenGaming platform from Light & Wonder. This the OpenGaming platform from Light & Wonder is easily one of the most sophisticated in the gambling industry as it offers clients massive distribution.
OpenGaming’s ecosystem is capable of delivering more than 3000 casino games from an international selection of in-house and 3rd party casino gaming studios. Furthermore, all the games on the ecosystem are supported by a range of responsible gaming tools, which is perfectly in line with Design Works Gaming’s player safety and responsible gambling standards.
As per the agreement, Design Works will provide Rush Street Gaming with a selection of some of its most popular gaming titles. These include 10X Fortune, Break the Bounty, as well as LuckyTap. At first, these titles will only be available to BetRivers customers in New Jersey with plans to expand the content into more jurisdictions namely West Virginia, Michigan and Pennsylvania.
The CEO of Design Works, Troy Zurawski, expressed his excitement for this new partnership, indicating that both Rush Street and Design Works were now embarking on a path of mutual success and growth. CEO of Rush Street Interactive, Richard Schwartz, also stated his eagerness and commended Design Work for its immersive titles, which underscore his brand’s commitment to unceasing invention.
All in all, this strategic alliance between Rush Street and Design Works marks a mutually beneficial relationship that seeks to leverage the strength and know-how of both gambling brands. Design Works top-class casino content combined with Rush Street’s growing influence and presence has thus created a synergy that almost assures future success.
Rush Street shares QI results
Recently, Rush Street shared that its online gambling business had served as an important cushion amidst losses and tough economic environments. Based on its first quarter earnings report for this year, Rush Street’s revenue increased by 20%. According to the report, Rush Street’s EBITDA loss stood at $8.7 million, which was a considerable boost compared to the $43.4m adjusted EBITDA loss that was recorded during the same period last year.
Rush Street’s net loss was also $24.5 million, which was also a notable improvement compared to last year’s results. This means that Rush Street is on the verge of profitability, which has remained elusive for many gambling operators since the pandemic. With these impressive results, Rush Street Interactive expects to maintain this path of profitability in the second half of the year.
In the first quarter of 2023, Rush Street debuted a new slot tournament titled the BetRivers Michigan Million. Rush Street dubbed this the first of its kind online casino experience that has continued to generate profitable results for the brand. Owing to this new product, Rush Street has effectively expanded its reach in several jurisdictions including Ontario, West Virginia, as well as Colombia.
Rush Street also recently extended its proprietary squares engine to also include basketball. This move effectually set Rush Street to profitable growth. At present, Rush Street is available in numerous states including Arizona, Illinois, West Virginia, Ohio, Pennsylvania, Colorado, Maryland, Louisiana, Michigan, Indiana, Virginia, Iowa, Connecticut, New York, and as well as New Jersey.
To attain profitability, Rush Street also recently announced that it would be ending its sports betting deal with the Connecticut Lottery Corporation. Doing so will allow the company to cut its losses and ensure that it boosts its revenue in the second quarter.
For several years, Rush Street had been handling the Connecticut Lottery’s online sportsbook business through its Play Sugarhouse casino. Rush Street was also responsible for operating Connecticut Lottery’s retail sportsbooks on behalf of retail restaurants and bars. Now that this agreement is being dissolved, Rush Street and the Connecticut Lottery have been working together to find the next sportsbook partner.
Final Thoughts
In addition to having a strong presence in the US, Rush Street also boasts a presence in top international jurisdictions such as Mexico, Colombia, as well as Canada. In the future, Rush Street will likely continue to invest heavily in online gambling, which is the brand’s core competency.
