Slide 1: Investor Presentation
Investor Presentation March 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 revenue to a record $194MM in 4Q23, and $691MM in FY23, both up Launched iGaming and sports betting in Delaware as the sole vendor with 1 17% Y-o-Y. 1 promising early results. Improved Adjusted EBITDA ~$100MM Y-o-Y in FY23 to $8.2MM an
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., as well as internationally United States and Canada GGR in U.S. iCasino and OSB Markets West Delaware1 Pennsylvania Michigan New Jersey Ontario Virgini
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 ~$5.7bn 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 [TBD – Design working on relevant imagery] • Frequently first to market wi
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 • Accessible chatrooms available 24/7
Slide 11: Exclusive Differentiated Retention Tools for Sportsbook Bettors
Exclusive Differentiated Retention Tools for Sportsbook Bettors The Football Squares promotional game helped to drive material growth in key Same Game Parlay wagers and increased retention for participating customers. NFL SGP bets per customer increased 34%, driven by the popularity of BetRivers Squ
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 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 Francesca (
Slide 14: Strong Player Value & Retention
Strong Player Value & Retention • Increasing player value over time – nearly $6,000 per player for older cohorts1 • Strong retention and new markets expected to drive continued revenue growth Avg LTV for All U.S. & Ontario Cohorts Since Inception1 Quarterly Net Revenue by Yearly Cohort ($MM) 2 Launc
Slide 15: Award-Winning Customer Service
Award-Winning Customer Service RSI player satisfaction has remained >90% positive with 98% of RSI has won EGR “Customer Service Operator of customer issues solved in one contact the Year” 4 year’s straight – every year since the award’s inception Platform Enhancement Leads to Quicker Response Times
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: 125+ Years of Collective C-Suite Industry Experience
125+ Years of Collective C-Suite Industry Experience RICHARD KYLE MATTIAS EINAR LAURA MCALLISTER PAUL ROB MICHELLE SCHWARTZ SAUERS STETZ ROOSILEHT COX WIERBICKI PICARD ARMER Chief Executive Chief Financial Chief Operating Chief Information Chief Compliance Chief Legal Chief Admin Chief People Office
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 Twelve Months Ended December 31, December 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) Revenue $ 193,851 $ 165,534 $ 691,161 $ 592,212 Operating costs and expenses Costs of revenue 131,848 106
Slide 20: Statements of Comprehensive Loss
Statements of Comprehensive Loss Amounts in USD $000’s Three Months Ended Twelve Months Ended December 31, December 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) Net loss $ (5,455) $ (31,059) $ (60,055) $ (134,332) Other comprehensive income (loss) Foreign currency translation adjustment 1,825 (2,
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 Twelve Months Ended December 31, December 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) Net loss $ (5,455) $ (31,059) $ (60,055) $ (134,332) (-/+) Interest (income) expense, net (1,335) (91) (2,765) 573 (+) Income tax expe
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 Twelve Months Ended December 31, December 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) GAAP operating costs and expenses: Costs of revenue $ 131,848 $ 106,603 $ 465,014 $ 414,664 Advertising and prom
Slide 24: Non-GAAP Measures: Adjusted Net Income (Loss) and Adjusted Earnings 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 Twelve Months Ended December 31, December 31, 2023 2022 2023 2022 (Unaudited) (Unaud
Slide 25: Capitalization
Capitalization Common Stock Type of Outstanding Equity as of December 31, 2023 Outstanding Class V Common Stock 150,434,310 Class A Common Stock 72,387,409 Total outstanding 222,821,719 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