CZR vs RSI: How Caesars Entertainment and Rush Street Interactive Compare (2026)

Last updated July 2026

Short answer

CZR and RSI are similarly sized, but RSI trades noticeably cheaper on forward earnings (36.73x vs 47.46x): the market is paying up for CZR's profile and pricing RSI more conservatively, or for faster growth. Which you prefer comes down to the drivers you believe, and whether adding either over-concentrates what you already own.

CZR vs RSI: the tie-breaker metrics

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Metric	CZR	RSI	What it tells you
Market cap	$6.04B	$7.03B	Size. The larger name is the incumbent; the smaller has more room to grow and more to prove.
Forward P/E	47.46	36.73	Valuation on next year's expected earnings, the same yardstick for both. Lower is cheaper for that growth; higher means the market is paying up.
Beta	1.76	1.56	Volatility vs the market. Above 1 swings harder than the index; below 1 is steadier. Higher beta means bigger drawdowns to hold through.
Price vs 52-week range	91% of range	78% of range	Where today's price sits between the 52-week low and high. Near the high is momentum with less margin of safety; near the low is out of favor or a discount, depending on why.
Price / book	1.72	19.68	How much you pay over book value. Very high can signal an asset-light, high-return business or a rich price.

Reading it: RSI is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

Before you buy: how CZR and RSI affect your concentration

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. CZR and RSI share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined CZR and RSI exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

What does Caesars Entertainment (CZR) do?

Caesars Entertainment operates roughly 50 domestic gaming properties spread across the Las Vegas Strip and regional US markets, along with hotels, restaurants, entertainment venues, and its Caesars Digital segment (Caesars Sportsbook plus online iGaming across dozens of jurisdictions). Las Vegas and regional casinos each contribute close to half of property EBITDAR, and the digital business, though smaller, is the main growth engine: Q1 2026 digital net revenue set a first-quarter record near $374 million with adjusted EBITDA up sharply year over year. The company carries a heavy balance sheet, roughly $11.9 billion of gross debt and about $11.0 billion net, plus large annual lease obligations, so deleveraging has been a central management priority.

Full CZR guide

What does Rush Street Interactive (RSI) do?

Rush Street Interactive, Inc. (NYSE: RSI) runs real-money online casino games and sports betting through its own technology platform in regulated markets across the United States, Canada and Latin America. Its consumer brands include BetRivers, PlaySugarHouse and RushBet, and it is live in roughly fifteen US states plus Ontario, Colombia, Mexico and Peru, with an Alberta launch expected in mid-2026. Unlike the two market leaders, RSI leans heavily on higher-margin online casino (iGaming) rather than pure sports betting, and it has built a differentiated position in Latin America.

Full RSI guide

CZR vs RSI: how do they differ?

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

CZR drivers: Pending Fertitta cash acquisition; Caesars Digital growth.
RSI drivers: iGaming mix and margin expansion; Latin America and international expansion.

Which fits which kind of investor

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The largest risk is deal-specific: a failure or renegotiation of the Fertitta acquisition, driven by regulatory or financing setbacks, could send shares back toward the lower unaffected pre-rumor level. For RSI, rSI competes against far larger and better-capitalized rivals including FanDuel (Flutter), DraftKings and BetMGM, which can outspend it on marketing and product.

CZR or RSI: which should you pick?

Pick CZR if you believe its drivers more; RSI if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the CZR and RSI guides.

CZR vs RSI: the full fundamentals

CZR. CZR trades close to the $31.00 all-cash offer from Fertitta, so its market value of roughly $6 billion reflects deal terms more than a standalone multiple. On an enterprise basis the transaction values the company near $17.6 billion including assumed debt. Reported net income remains negative because interest and lease costs exceed operating profit, so investors focus on adjusted EBITDA, leverage, and deal-completion probability.

RSI. RSI has moved from a cash-burning growth story to a profitable one, with record Q1 2026 revenue and net income and raised full-year guidance. The valuation is elevated, with a price-to-sales ratio near 5 and a trailing P/E reported anywhere from the mid-40s to roughly 90 depending on the source, so much of the near-term growth appears already reflected in the price.

Headline figures (approximate, July 2026): CZR shows revenue (ttm) ~$11.5B, q1 2026 net revenue ~$2.9B, q1 2026 adjusted ebitda ~$887M, net debt ~$11.0B; RSI shows revenue (ttm) ~$1.3B, fy2026 revenue guidance ~$1.49B to $1.54B, q1 2026 revenue (yoy) ~$370M (+41%), fy2026 adj. ebitda guidance ~$230M to $250M.

The bottom line: CZR vs RSI

CZR and RSI are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined CZR and RSI exposure against your real portfolio. It is not an investment adviser.

Investing in Caesars Entertainment with AI

Connect the broker you already use and ask Walnut's AI how CZR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

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FAQ

What is the difference between CZR and RSI?

Is CZR or RSI the better stock?

Neither is universally better; they suit different views and risk levels. Walnut is informational, not investment advice. Compare what each does, the tie-breaker metrics above, and the risks, then decide which fits your thesis and what you already own.

Which is cheaper, CZR or RSI?

On forward P/E (as of July 2026), CZR trades at 47.46x and RSI at 36.73x, so RSI is the cheaper of the two on next year's expected earnings. A lower multiple is not automatically the better buy: a richer valuation can be justified by faster growth, and a lower one can reflect real risk. Weigh the multiple against how fast each business is compounding.

Should you own both CZR and RSI?

Because they share themes, owning both concentrates you in that theme. That can be intentional (a focused bet) or accidental (less diversification than it looks). Walnut can show your combined exposure across both, and whether adding either over-concentrates you, before you buy.

What are the risks of CZR vs RSI?

CZR: The largest risk is deal-specific: a failure or renegotiation of the Fertitta acquisition, driven by regulatory or financing setbacks, could send shares back toward the lower unaffected pre-rumor level. The long expected close in mid-to-late 2027 also ties up capital for an extended period for a modest arbitrage spread. Beyond the deal, Caesars remains highly leveraged, with about $11.9 billion of debt, heavy interest expense, and roughly $1.3 billion of annual lease payments that keep GAAP results in a net loss. Casino revenue is cyclical and sensitive to consumer spending and Las Vegas travel demand, and the digital segment faces intense competition from FanDuel and DraftKings. Regulatory, tax, and gaming-license changes across many jurisdictions add further uncertainty. RSI: RSI competes against far larger and better-capitalized rivals including FanDuel (Flutter), DraftKings and BetMGM, which can outspend it on marketing and product. State and international gaming taxes can rise unexpectedly (for example a temporary emergency 16% tax decree in Colombia), directly compressing margins. Regulatory change, including new markets opening slowly or existing ones tightening rules, drives much of the growth story and is outside the company's control. The emergence of prediction markets and sweepstakes-style operators adds a new competitive and regulatory wildcard. Finally, the stock trades at a high multiple, so any slowdown in revenue growth or user additions could trigger an outsized share-price decline.

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Walnut is informational, not investment advice. This page is descriptive and not a recommendation to buy or sell CZR or RSI; figures are approximate and dated (as of July 2026). Verify current data before investing.