Slide 1: Investor Presentation
Investor Presentation - July 2026 -
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 online casino-centric strategy, innovative online gaming user experience and 1 seasoned management team 2 Rank in the top 4 operators for net revenue in online casino in the United States Extensive market access to future online casino ma
Slide 4: Company Highlights
Company Highlights Financial Highlights Business Highlights Achieved record quarterly revenue of $394MM in 2Q26, up 46% Y-o-Y, 1 marking the fastest growth rate in over 4 years. 1 Grew Online Casino revenue 40% Y-o-Y and OSB revenue 64% Y-o-Y. Grew Adjusted EBITDA to a record $65MM in 2Q26, up 61% Y
Slide 5: RSI's Market Access Creates Growth Opportunity and Paves the Way for iCasino
RSI’s Market Access Creates Growth Opportunity and Paves the Way for iCasino Market Access Partner of Choice RSI benefits from a larger potential TAM than most competitors due to international operations in both Latin America and Canada, broad market access in key states, and mutually beneficial par
Slide 6: Key Positioning in iCasino Markets
Key Positioning in iCasino Markets RSI is a top tier operator in all visible iCasino markets, operating in as many states as any other operator in the U.S. % of U.S. Adult iCasino Markets Population in iCasino and OSB Markets West Delaware1 Pennsylvania Michigan New Jersey Alberta Ontario Mexico Col
Slide 7: Beachhead to Grow New Markets in LATAM
Beachhead to Grow New Markets in LATAM Existing Core Markets Population: 54MM COLOMBIA GDP per capita: $7.9k Regulatory Status: iCasino and OSB regulated Population: 133MM MEXICO GDP per capita: $13.6k Regulatory Status: iCasino and OSB regulated Population: 35MM Latin America PERU GDP per capita: $
Slide 8: Scalable Platform Proven to Increase Retention and Player Values
Scalable Platform Proven to Increase Retention and Player Values ROBUST, SCALABLE ARCHITECTURE REGULATORY COMPLIANCE & RESPONSIBLE GAMING (“RG”) • Best-in-class RG gaming tools including non-cancellable • Modern end-to-end technology stack with modular withdraw and refund processes, in-game messagin
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 110+ 11,000+ • Frequently first to market with new game studios and hit ga
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: iCasino Delivering Exceptional Growth in Delaware
iCasino Delivering Exceptional Growth in Delaware Since exclusive state operator takeover in late Dec ‘23, RSI has demonstrated aggressive growth with strategic mix of proprietary product features, land-based partnerships, and bespoke advertising approach. DE – Quarterly iCasino GGR Highlights: $50
Slide 12: Sportsbook Promotional Features
Sportsbook Promotional Features BetRivers has upped the stakes for sports bettors with exciting gamified betting features on qualifying same game parlay bets. BetRivers offers players Squares on qualifying football and basketball bets, and for the NBA and MLB, our new PropPacks promotion – both game
Slide 13: BetRivers Poker Launches Multi-State
BetRivers Poker Launches Multi-State A truly unique player-first proprietary poker platform designed by poker players for poker players, with an emphasis on fairness, excitement, and generous rewards for all skill levels. BetRivers Poker offers a comprehensive suite of game formats, including cash g
Slide 14: …And 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 over 4x higher than • iCasino TAM is more than 3x the size of online sports diversificat
Slide 15: The BetRivers Network Enhances User & Brand Engagement
The BetRivers Network Enhances User & Brand Engagement RSI's in-house media outlet produces YouTube-focused content, including must-watch poker, iGaming companion entertainment, expert previews for key betting sports, and local sports shows for fans & bettors alike. Commentary • BetRivers Network me
Slide 16: Strong Player Value & Retention
Strong Player Value & Retention • Increasing player value over time – approximately $5,200 after 5+ years1 • Strong retention and new markets expected to drive continued revenue growth Avg LTV for All U.S. & Ontario Cohorts Since Inception1 Quarterly Net Revenue by Yearly Cohort ($MM) 2 Launches $6,
Slide 17: 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 North America1 LATAM2 Average Monthly Active Users (“MAUs”) Average Monthly Active Users (“MAUs”) 300,000 700,000 Peru
Slide 18: Consistent, Player-First Service That Builds Trust
Award-Winning Customer Service RSI won EGR “Customer Service Operator of the Year” Consistent, Player-First Service That 5 years straight Builds Trust Improved Net Promoter Score and Customer Satisfaction1 Y-o-Y for full year 2025. Net Promoter Score Customer Satisfaction Score +3% YoY Increase +2%
Slide 19: Over 140 Years of Collective C-Suite Gaming Industry Experience
Over 140 Years of Collective C-Suite Gaming Industry Experience RICHARD KYLE MATTIAS SHUBHAM LAURA MCALLISTER PAUL ROB MICHELLE BRIAN SCHWARTZ SAUERS STETZ TYAGI COX WIERBICKI PICARD ARMER SAPP Chief Executive President & Chief Operating Chief Technology Chief Compliance Chief Legal Chief Strategy C
Slide 20: Financial Overview
Financial Overview RUSH
Slide 21: Historical MAU & ARPMAU
Historical MAU & ARPMAU 2023 2024 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Monthly Average Users (MAU) 274,450 289,676 278,586 357,197 394,011 446,578 487,243 538,705 556,355 599,774 639,683 771,497 839,125 949,044 North America 144,958 130,575 131,201 157,672 173,917 162,421 168,170 203,
Slide 22: Statements of Operations
Statements of Operations Amounts in USD $000’s (except for shares and per share data) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $ 393,776 $ 269,217 $ 764,137 $ 531,624 Operating costs and expenses Costs of revenu
Slide 23: Statements of Comprehensive Income
Statements of Comprehensive Income Amounts in USD $000’s Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income $ 29,295 $ 28,830 $ 55,506 $ 40,041 Other comprehensive income Foreign currency translation adjustment, net of
Slide 24: 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 Income, Adjusted Earnings Per Share and Adjusted Weighted Average Common Shares Outstanding, each of which is defined below: Adju
Slide 25: Non-GAAP Measures: Adjusted EBITDA
Non-GAAP Measures: Adjusted EBITDA Amounts in USD $000's Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net income $ 29,295 $ 28,830 $ 55,506 $ 40,041 (-) Interest income, net (3,433) (2,181) (6,432) (3,880) (+/-) Income tax
Slide 26: Non-GAAP Measures: Adjusted Operating Costs and Expenses
Non-GAAP Measures: Adjusted Operating Costs and Expenses Amounts in USD $000's Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) GAAP operating costs and expenses: Costs of revenue $ 254,116 $ 174,147 $ 492,312 $ 345,030 Sales a
Slide 27: Non-GAAP Measures: Adjusted Net Income; Adjusted Weighted Average Common Shares; Adjusted EPS
Non-GAAP Measures: Adjusted Net Income; Adjusted Weighted Average Common Shares Outstanding; Adjusted Earnings Per Share Three Months Ended Six Months Ended Amounts in USD $000's ( except for shares and per share data) June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudi
Slide 28: Capitalization - Detailed Share Count
Capitalization - Detailed Share Count Common Stock Weighted Average Type of Outstanding Equity as of June 30, 2026 Outstanding Exercise Price Class V Common Stock 116,305,345 — Class A Common Stock 115,463,461 — Total Common Shares Outstanding 231,768,806 — Restricted Stock Units (Unvested) 4,834,11
Slide 29: 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