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CHICAGO - Rush Street Interactive, Inc. (NYSE: RSI), a $2.86 billion market cap company known for operating BetRivers Sportsbook, has expanded its PropPacks product line to include Major League Baseball (MLB), aiming to enhance the sports betting experience for baseball enthusiasts. According to InvestingPro data, RSI maintains a strong financial health score of "GREAT" and has demonstrated impressive revenue growth of nearly 30% over the last twelve months. Following the success of NBA PropPacks, the company launched the MLB version, which combines the excitement of digital baseball cards with prop betting, allowing fans to win up to $1,000 in bonus credits.
The PropPacks feature is designed to provide BetRivers customers with an interactive way to engage with MLB games. When customers place a qualifying bet of $10 or more on Same Game Parlays for MLB games, they will receive up to three digital PropPacks player cards at no extra cost. Each card showcases a player and sets milestones for Hits or Strikeouts. If the player on the card meets these milestones, the bettor wins prizes that escalate with the difficulty of the achievement.
The digital cards come in three tiers: Bronze, Silver, and Gold, with Gold being the rarest and offering the highest reward potential. The grand prize for unlocking a Gold card is $1,000 in bonus credits.
Richard Schwartz, CEO at RSI, expressed excitement over bringing the PropPacks concept to baseball fans, stating that it adds surprise rewards to Same Game Parlay bets and creates more opportunities to win without additional costs. He emphasized the company’s commitment to player value and innovation across all major sports seasons.
PropPacks are exclusive to BetRivers Sportsbook and are accessible via its app and website. The sportsbook also plans to offer a full lineup of baseball promotions throughout the MLB season.
RSI is a trusted name in online gaming and sports entertainment, operating in multiple regulated jurisdictions across the United States, Canada, and Latin America. The company has been recognized for its customer service and responsible gaming practices. With a solid current ratio of 1.66 and more cash than debt on its balance sheet, RSI shows strong financial fundamentals. InvestingPro analysis suggests the stock is currently undervalued, with 12 additional exclusive insights available to subscribers. For detailed analysis and valuation metrics, investors can access the comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities.
This new feature is part of RSI’s ongoing efforts to provide unique and engaging experiences for its users. The information about the launch of MLB PropPacks is based on a press release statement from Rush Street Interactive. The company’s innovation-driven approach has contributed to its robust financial performance, with analysts expecting continued profitability this year.
In other recent news, Rush Street Interactive Inc. reported its Q1 2025 earnings, surpassing analyst expectations with a notable increase in both revenue and earnings per share (EPS). The company posted an EPS of $0.09, exceeding the forecast of $0.07, and reported revenue of $262.4 million, above the projected $258.85 million. This performance aligns with the company’s historical trend of beating market expectations, reinforcing its growth trajectory. Additionally, Caesars Entertainment experienced a 45% rise in iGaming revenue in April, as highlighted by Citizens JMP, reflecting significant growth in this sector.
Meanwhile, the iGaming sector overall saw a 29% revenue increase in April, indicating robust expansion within the online gaming market. Analyst firm Citizens JMP also reported that FanDuel expanded its market share to 28%, a year-over-year increase of 139 basis points. In the context of these developments, Rush Street Interactive’s strategic focus on user experience and cross-sell capabilities has positioned it favorably within the competitive online gaming market.
Furthermore, Rush Street Interactive remains focused on expanding its market presence, particularly in Latin America, and enhancing its product offerings. The company has provided optimistic guidance for the full year 2025, projecting revenue between $1.1 billion and $1.8 billion. Analyst firms have noted the dynamic nature of the market and the shifting competitive landscape, as evidenced by the performance of key companies such as Caesars, FanDuel, and Rush Street Interactive.
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