Online casino and sports betting firm Rush Street Interactive (RSI) has secured market access opportunities in Ohio, Maryland and Missouri via a strategic partnership agreement with Penn National Gaming.
Under the terms of the agreement, RSI will 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 said it will compensate Penn National with “industry-standard” payments for market access.
RSI President Richard Schwartz commented: “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.”
RSI currently operates online gaming sites available for customers to play today in eight states with a combined population of more than 68 million, including Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Pennsylvania and Virginia.
Together with its ability to access markets under applicable regulations or potentially access them through existing market access deals for online gaming in New York, Ohio, Maryland, Missouri and West Virginia, RSI now has the potential, with first or second skins, to access online gaming markets reaching more than 35% of the US population.
Additionally, the agreement 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.