BETRIVERS LAUNCHES NCAA BASKETBALL SQUARES TO KICK OFF MARCH MADNESS

Rhea-AI Summary

On March 10, 2023, Rush Street Interactive (NYSE: RSI) announced the launch of NCAA Basketball Squares to enhance engagement during March Madness. Bettors can earn bonus payouts up to $10,000 based on their wagers. The game features a 100-square board where each square corresponds to a combination of final scores. Bettors can receive additional squares by wagering $50 or more, with winning squares yielding $20 and boosted squares offering higher payouts. This initiative aims to attract casual fans and increase participation in sports betting during the NCAA tournament.

Positive

• Launch of NCAA Basketball Squares expected to boost user engagement during March Madness.
• Potential payouts up to $10,000 in bonus money may attract more bettors.

Negative

• None.

Bettors can cash in on the madness with payouts up to $10,000 in bonus money

CHICAGO, Ill., March 10, 2023 /PRNewswire/ -- It's that time of the year when NCAA fans can make their bets and follow their favorite schools to the Final Four. To celebrate this season of March Madness, the BetRivers and PlaySugarHouse sportsbooks are launching NCAA Basketball Squares. Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the BetRivers and PlaySugarHouse sportsbooks, is showing its college hoops spirit, announcing this new version of the squares game for bettors. Just like the NFL and NBA versions, it works this way:

The board contains 100 squares, each one representing a combination of final scores. A square contains two single-digit numbers. So, if a square shows a 3 on the bottom left and a 9 on the top right, it becomes a winner if the visiting team winds up with a points total ending in 3 and the home side closes with a points total ending in 9.

Wagers of $20 or more on any game with a Squares icon through the RSI platform rewards the bettor with a randomly selected standard square at no charge. Total wagers of at least $50 on the game results in a second standard square. A third standard square is obtained via total bets of $100 or more. Bettors are notified of which squares they get. Bettors can "boost" their squares for that game if their wagers include $20 or more in live bets on the game.

A winning standard square means $20 in bonus money for that bettor. The potential payout for winning "boosted" squares is worth certain designated amounts ranging from $25, $50, $100, $1,000 to $10,000 in bonus money, with the exact amount disclosed after the boosted square has won.

The college edition of Basketball Squares is designed to make watching the fast paced NCAA games even more engaging for bettors by offering a thrilling way to win more.

"March Madness is one of the biggest sporting events of the year, with fans getting together for watch parties at homes, sportsbars and other venues," said Richard Schwartz, CEO at RSI. "Even casual basketball fans get into the spirit of these games and BetRivers and PlaySugarHouse NCAA Basketball Squares will make watching the college hoops action even more exhilarating for bettors this season."

Players can visit BetRivers.com or PlaySugarHouse.com for additional details about NCAA Basketball Squares, including eligibility, participation and bonus money restrictions.

About Rush Street Interactive

RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Ohio, Connecticut, Michigan, Indiana, Virginia, Maryland, Colorado, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2022 EGR North America Awards Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. RSI's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI's expectations about its Squares promotions and the sports with which the Squares promotions are used. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI's control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI's most recent Annual Report on Form 10-K, including those under "Risk Factors" therein, and in RSI's other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

ir@rushstreetinteractive.com

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SOURCE Rush Street Interactive

FAQ

What is NCAA Basketball Squares launched by Rush Street Interactive?

NCAA Basketball Squares is a new betting game launched by Rush Street Interactive to enhance engagement during March Madness, featuring a 100-square board with potential payouts.

When was NCAA Basketball Squares announced by RSI?

NCAA Basketball Squares was announced on March 10, 2023.

What are the bonus payouts for NCAA Basketball Squares?

Bonus payouts for NCAA Basketball Squares can reach up to $10,000 depending on the wagers placed.

How can bettors win bonus money with NCAA Basketball Squares?

Bettors can win bonus money by making qualifying wagers and matching score combinations on the 100-square board.

What is the significance of March Madness for Rush Street Interactive?

March Madness is a major sporting event, and Rush Street Interactive aims to capitalize on this by increasing user engagement and attracting casual bettors.