Slide 1: Investor Presentation
Investor Presentation May 2024 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the estimated future financial performance, financial position a
Slide 3: Investment Highlights
Investment Highlights A leading digital operator driven by an iCasino-centric strategy, innovative user experience and seasoned 1 management team 2 Rank in the top 5 operators for net revenue in iCasino and online sports betting in the United States Extensive market access to future iCasino markets
Slide 4: Company Highlights
Company Highlights Financial Highlights Business Highlights Grew both iCasino and Online Sports Betting revenue over 35% year-over- 1 Achieved record revenue of $217MM in 1Q24, up 34% Y-o-Y. 1 year. Grew Delaware to an annualized run-rate GGR of ~$70MM, over 4x the 2 Grew Adjusted EBITDA to a record
Slide 5: RSI's Market Access Creates Growth Opportunity and Paves the Way for iCasino
Currently Live Market Access Opportunities4 RSI’s Market Access Creates Growth Markets iCasino Online Sports Betting Retail Sports Betting Opportunity and Paves the Way for iCasino Domestic Arizona Colorado Market Access Partner of Choice Delaware Illinois RSI benefits from a larger potential TAM th
Slide 6: Key Positioning in iCasino Markets
Key Positioning in iCasino Markets RSI is a top tier operator in all visible markets, operating in as many states as any other operator in the U.S. United States and Canada % of U.S. Population in iCasino and OSB Markets West Delaware1 Pennsylvania Michigan New Jersey Ontario Virginia 41% 88% 59% iC
Slide 7: Beachhead to Grow New Markets in LATAM
Beachhead to Grow New Markets in LATAM Existing Core Markets Population: 52MM COLOMBIA GDP per capita: $6.6k Regulatory Status: iCasino and OSB regulated Population: 127MM MEXICO GDP per capita: $11.0k Regulatory Status: iCasino and OSB regulated Latin America Potential Expansion ~$10.1bn Population
Slide 8: Scalable Platform Proven to Increase Retention and Player Values
Scalable Platform Proven to Increase Retention and Player Values ROBUST, SCALABLE ARCHITECTURE MULTI-BRAND, MULTI-VERTICAL & MULTI-JDX • Modern end-to-end technology stack with modular architecture & • Demonstrated success operating multi-brands in the same market components (i.e., bonus abuse prote
Slide 9: Proprietary Promotional Games with Leading Third-party Content
Proprietary Promotional Games with Leading Third-party Content Breadth and Quality of Content Promotional Free-to-play Bingo Platform Offering market leading quality and selection Increase retention by rewarding brand loyalty 60+[TBD – Design working on relevant imagery] 3000+ • Frequently first to
Slide 10: RSI's iCasino Product Improves Player Experience through Community Engagement
RSI’s iCasino Product Improves Player Experience through Community Engagement P2P Community Moderator Chat Multi-player Online Casino Tournaments Increased engagement through connectivity Increase engagement through competitions • Free-to-play tournament system supports a broad range of casino game
Slide 11: Exclusive Differentiated Retention Tools for Sportsbook Bettors
Exclusive Differentiated Retention Tools for Sportsbook Bettors The Basketball Squares promotional game has helped drive material growth in key Same Game Parlay (“SGP”) wagers and increased retention for participating customers. Handle on NBA SGP increased 79% y/y, with unique players placing an NBA
Slide 12: Casino Led Strategy with Attractive Demographics & Unit Economics
…And Casino Led Strategy with Attractive Demographics & Unit Economics Broader Demographics Better Monetization Larger Market • Large cohort of female slot players generates • Users of iCasino have a GGR that is 5x higher than an • iCasino TAM is nearly 3x the size of online sports betting diversifi
Slide 13: The BetRivers Network Effectively Enhances User Engagement
The BetRivers Network Effectively Enhances User Engagement RSI’s in-house media outlet produces custom and local audio and visual content for bettors, including game recaps, trending odds and tips and local team/player insights Commentary • BetRivers Network sports media personalities such as Mike F
Slide 14: Strong Player Value & Retention
Strong Player Value & Retention • Increasing player value over time – over $4,000 per player after 44 months1 • Strong retention and new markets expected to drive continued revenue growth Avg LTV for All U.S. & Ontario Cohorts Since Inception1 Quarterly Net Revenue by Yearly Cohort ($MM) 2 Launches
Slide 15: Award-Winning Customer Service
Award-Winning Customer Service RSI has won EGR “Customer Service Operator of In the first quarter of 2024, Customer Satisfaction has increased 8.2% and First Contact Resolution has increased 7.9% compared to the full year 2023. the Year” 4 year’s straight – every year since the award’s inception Con
Slide 16: Strong Growth Across Regions
Strong Growth Across Regions Demonstrated history of growing revenues across regions over the long-term from an expanding user base while maintaining strong revenue per user metrics U.S. & Canada1 LATAM2 Average Monthly Active Users (“MAUs”) Average Monthly Active Users (“MAUs”) 200,000 250,000 200,
Slide 17: 140+ Years of Collective C-Suite Industry Experience
140+ Years of Collective C-Suite Industry Experience RICHARD KYLE MATTIAS EINAR LAURA MCALLISTER PAUL ROB MICHELLE BRIAN SCHWARTZ SAUERS STETZ ROOSILEHT COX WIERBICKI PICARD ARMER SAPP Chief Executive Chief Financial Chief Operating Chief Information Chief Compliance Chief Legal Chief Admin Chief Pe
Slide 18: Financial Overview
Financial Overview RUSH
Slide 19: Statements of Operations
Statements of Operations Amounts in USD $000’s (except for shares and per share data) Three Months Ended March 31, 2024 2023 (Unaudited) (Unaudited) Revenue $ 217,428 $ 162,361 Operating costs and expenses Costs of revenue 144,523 107,154 Advertising and promotions 38,404 49,940 General and administ
Slide 20: Statements of Comprehensive Loss
Statements of Comprehensive Loss Amounts in USD $000’s Three Months Ended March 31, 2024 2023 (Unaudited) (Unaudited) Net loss $ (2,209) $ (24,500) Other comprehensive income Foreign currency translation adjustment 101 344 Comprehensive loss (2,108) (24,156) Comprehensive loss attributable to non-co
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted Operating Costs and Expenses, Adjusted Net Loss, Adjusted Net Loss Per Share and Adjusted Weighted Average Common Shares Outstanding, each of which is defined below: Adjust
Slide 22: Non-GAAP Measures: Adjusted EBITDA
Non-GAAP Measures: Adjusted EBITDA Amounts in USD $000's Three Months Ended March 31, 2024 2023 (Unaudited) (Unaudited) Net loss $ (2,209) $ (24,500) (-) Interest income, net (1,559) (380) (+) Income tax expense 5,300 2,800 (+) Depreciation and amortization 7,101 5,755 (+) Share-based compensation e
Slide 23: Non-GAAP Measures: Adjusted Operating Costs and Expenses
Non-GAAP Measures: Adjusted Operating Costs and Expenses Amounts in USD $000's Three Months Ended March 31, 2024 2023 (Unaudited) (Unaudited) GAAP operating costs and expenses: Costs of revenue $ 144,523 $ 107,154 Advertising and promotions 38,404 49,940 General and administrative 25,868 21,592 Depr
Slide 24: Non-GAAP Measures: Adjusted Net Income (Loss) and Adjusted Earnings (Loss) Per Share
Non-GAAP Measures: Adjusted Net Income (Loss); Adjusted Weighted Average Common Shares Outstanding; Adjusted Earnings (Loss) Per Share Amounts in USD $000's ( except for shares and per share data) Three Months Ended March 31, 2024 2023 (Unaudited) (Unaudited) Adjusted net income (loss): Net loss att
Slide 25: Capitalization
Capitalization Common Stock Type of Outstanding Equity as of March 31, 2024 Outstanding Class V Common Stock 145,384,310 Class A Common Stock 79,543,611 Total outstanding 224,927,921 25
Slide 26: Key Metrics and Other Information
Key Metrics and Other Information This presentation includes certain key metrics and other information, including Average Revenue Per Monthly Active User, First Time Depositor, Gross Gaming Revenue, Lifetime Value and Monthly Active Users, each of which is defined below. Average Revenue Per Monthly