Rush Street Interactive Inc RSIThe Chicago-based online betting firm is considering strategic options that could lead to a sale.
Exploration includes contacting potential buyers such as DraftKings Inc DKNG.
In response to questions about the situation, DraftKings stated that they collaborate with various entities on different issues as part of their standard operations, but refrained from delving into details related to the ongoing discussions.
Rush Street, backed by billionaire Neil Bluhmoperates under brands such as BetRivers and RushBet, with revenue growing 17% to $691 million last year.
Rush Street remains a relatively minor player despite its growth compared to industry giants like DraftKings and FanDuel, which dominate the online sports betting landscape.
Citing research from Eilers & Krejcik Gaming, the Bloomberg report indicates that Rush Street has a low share, ranking sixth with less than 2% of the market in the year to January.
The online betting sector has recently seen the departure of several players from the US market, including Churchill Downs Inc. and PointsBet Holdings Ltd.while others like Tilman Fertitta opted to sell their companies, such as Golden Nugget Online Gaming Inc., to DraftKings in 2022.
Under the leadership of the general director Richard SchwartzRush Street went public in December 2020 through a merger with a special purpose acquisition company.
Price action: The RSI closed at $6.36 on Thursday and DKNG shares rose 0.15% to $48.02 during Friday's late-check premarket session.
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