Rush Street Interactive, Inc. (RSI) has been making waves in the casino industry as analysts are touting it as the best casino stock to buy. With a strong performance in the market and impressive growth prospects, RSI has caught the attention of investors looking to capitalize on the burgeoning online gambling sector.
Founded in 2012, RSI has quickly become a leading online gaming company in the United States, operating under the popular brand name BetRivers. The company offers a wide range of online casino games, sports betting, and online poker in several states where online gambling is legalized.
One of the key reasons analysts are bullish on RSI is its strong revenue growth. The company reported a 126% increase in revenue in the first quarter of 2021 compared to the same period last year, driven by a surge in online gambling activity during the COVID-19 pandemic. With more states legalizing online gambling and sports betting, RSI is well positioned to capitalize on this trend and continue its impressive revenue growth.
In addition to its strong financial performance, RSI has also been making strategic moves to expand its market share and reach new customers. The company recently announced a partnership with Penn National Gaming to launch online casino games in Michigan, further solidifying its presence in the lucrative US online gambling market.
Analysts also point to RSI’s strong management team and solid track record as reasons to invest in the company. CEO Richard Schwartz has a wealth of experience in the online gaming industry and has successfully steered RSI through its rapid growth phase.
Overall, RSI is seen as a solid investment opportunity for investors looking to capitalize on the growing online gambling market. With strong revenue growth, strategic partnerships, and a seasoned management team, RSI is well positioned to deliver strong returns for shareholders in the long run.
