Rush Street Interactive, Inc. (RSI) Stock Price & How to Invest

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 planned for 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.

The operating story has kept improving. RSI reported record Q1 2026 revenue of about $370 million (up roughly 41% year over year), then followed with Q2 2026 revenue of about $394 million, up about 46% year over year, and earnings per share of $0.15, in line with estimates. Trailing twelve-month revenue is now about $1.37 billion, and analysts expect about $1.58 billion for full-year 2026, above the company's original $1.49 billion to $1.54 billion guidance range.

The stock has gone the other way. As of October 16, 2026 RSI closed at about $18.66, down about 20% over the past month, about 45% over three months, about 3% year to date and about 8% over the past year, against a 52-week range of roughly $15.51 to $34.53. The decline came as investors worried about prediction markets competing for US sports bettors and about higher gaming taxes, not from a miss. The shares now trade around 22 times forward earnings, compared with a far richer multiple in the summer, and the next test is Q3 2026 results on October 28, 2026.

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. Prediction markets and sweepstakes-style operators have become the main sector worry in the second half of 2026, and the stock's 45% three-month drop shows how much that fear can weigh on valuation even while reported growth stays strong. Insider selling (a filing in early October showed an insider sale worth about $3.1 million) can also weigh on sentiment. Finally, the trailing P/E is still above 60 on GAAP earnings attributable to Class A shareholders, so a slowdown in revenue growth or user additions could still hit the shares hard.

12 analysts publish price targets on RSI, averaging $34.83 against a $18.52 price as of October 2026, or +88.1%. The published targets run from $27.00 to $40.00, a moderate spread, and the ratings split 11 buy, 1 hold, 0 sell. Over the last six months there have been 8 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full RSI forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Rush Street Interactive, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. iGaming mix and margin expansion. RSI generates a large share of revenue from online casino, which carries structurally higher margins than sports betting. The most optimistic published target, $40.00, assumes this works close to its best case.

The case against. RSI competes against far larger and better-capitalized rivals including FanDuel (Flutter), DraftKings and BetMGM, which can outspend it on marketing and product. The most pessimistic target, $27.00, is roughly what RSI is worth if this bites instead.

Read the full bull and bear case on RSI, including what would have to change to break either one. Walnut is not an investment adviser.

No. Rush Street Interactive, Inc. (RSI) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Rush Street Interactive, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$1.37B
• Q2 2026 revenue (YoY): ~$394M (+46%)
• FY2026 revenue (analyst consensus): ~$1.58B
• Operating margin (TTM): ~12%
• EPS (trailing / forward): ~$0.30 / ~$0.84
• P/E (trailing / forward): ~62x / ~22x
• Market cap: ~$4.3B
• Next earnings: October 28, 2026 (consensus EPS ~$0.14, revenue ~$391M)

RSI keeps posting record revenue, with Q2 2026 up about 46% year over year and EPS in line with estimates, yet the stock has fallen about 45% in three months on sector worries. At roughly 3 times sales and about 22 times forward earnings, the valuation is far less demanding than in the summer, although the trailing P/E near 62 still reflects thin GAAP profit at the Class A level. Q3 results on October 28 will show whether growth near 50% holds.

These are the investment theses RSI naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to RSI: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get RSI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so RSI sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where RSI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

RSI is a genuinely profitable, fast-growing niche operator in online gambling. After falling roughly 45% from its summer levels, the valuation now asks less of the business, but the drop also shows how quickly sentiment around prediction markets and gaming taxes can swamp strong operating results.

Whether RSI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RSI a buy or a sell?, and where the stock could go from here in the RSI stock forecast.

For income investors, whether RSI pays a dividend and how the payout looks is covered in does RSI pay a dividend? And to weigh RSI against a peer, read the full side-by-side comparisons: RSI vs CHDN and RSI vs CZR.