One of Pennsylvania’s Leading Online Gambling Companies, BetRivers, is Up For Sale
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The company that owns and runs BetRivers PA Online Casino, Rush Street Interactive, is looking for a sale. Moreover, DraftKings is regularly mentioned as a potential purchaser.
Bloomberg revealed on March 21 that Rush Street officials had been debating the brand’s strategic choices. Talking with potential customers is a part of this procedure. Bloomberg attempted to reach a representative for the Chicago-based online gaming company, but they were unable to do so.
Conversely, DraftKings provided an answer, although a hazy one. A company spokeswoman stated that DraftKings follows internal policy and does not comment on details, but it does engage with different businesses in the regular course of business.
Nevertheless, the major player in the world of real money PA online casinos with its headquarters in Boston has lately been involved in acquisitions. DraftKings finalized the acquisition of Golden Nugget Online Gaming in May 2022.
It seems that the company is now aiming for BetRivers. The bookmaker debuted its BetRivers PA Sportsbook in June 2019 and its BetRivers PA Casino in January 2020, marking their first foray into Pennsylvania’s online betting market.
BetRivers is Top Three PA Online Casino Operator, According to RSI CEO
Revenue is broken out per operator by the Pennsylvania Gaming Control Board, not by license. As a result, calculating the precise revenue production of any operator, like BetRivers, is challenging. Nevertheless, owing to its CEO Richard Schwartz, it is still feasible to obtain a sense of how popular Rush Street’s brand is in Pennsylvania.
In November of last year, Schwartz mentioned BetRivers as one of the top three PA online casinos on the company’s Q3 earnings call. The company’s market share in Pennsylvania, according to RSI’s shot caller, is at its highest point in over a year and a half. Although a precise figure was not disclosed, Schwartz said that BetRivers had attained a minimum of 14% of the market in Pennsylvania.
