10 Best Casino Stocks to Buy According to Billionaires

4. Rush Street Interactive, Inc. (NYSE:RSI)

Number of Billionaires: 12

Billionaire Holdings: 86,592,100

Rush Street Interactive, Inc. (NYSE:RSI) operates sportsbooks and online casinos in the United States, Canada, Mexico, and South America. Along with its social gaming offerings, its real-money online casinos are particularly well-liked by customers. The stock was up by nearly 70% in the past year, making it among the Best Casino Stocks.

Companies like Rush Street Interactive, Inc. (NYSE:RSI) can expand and contend with the industry titans as more and more states ease their betting laws. The business has maintained its market share despite competition from larger rivals like DraftKings and Flutter Entertainment.

The business ended 2024 with an outstanding quarter, surpassing forecasts for both sales and adjusted EBITDA. Full-year revenue jumped 34% over the previous year. Adjusted EBITDA rose by over 11 times to $92.5 million, showing impressive growth. Online revenue increased by 29% YoY and 54% YoY in North America and Latin America, respectively, displaying exceptionally strong performance. MAUs in Latin America grew 71% to 348,000, while those in North America reached 205,000 (up 28%). Profitability also climbed, with the gross profit margin climbing to 36.5% in Q4, representing a full-year growth of more than 200 basis points.

Looking ahead, Rush Street Interactive, Inc. (NYSE:RSI) has set an optimistic sales target of $1.01 billion to $1.08 billion (a 13% year-over-year growth at the midpoint) and a 35% increase in adjusted EBITDA. Financial stability was further reinforced when it improved its cash position to $229 million with no debt, a $61 million rise for the year.