BETRIVERS POPULAR SQUARES GAME EXTENDED TO NBA GAMES

Rhea-AI Summary

Rush Street Interactive (NYSE: RSI) announces the launch of a new 'Basketball Squares' game for NBA bettors, following the success of its NFL counterpart. This innovative wagering feature allows players to win up to $10,000 in bonus money. Bettors can acquire standard squares at no charge with wagers of $20 and more, and can win $20 for a standard winning square. Enhanced engagement is anticipated due to the dynamic scoring nature of NBA games. RSI operates in multiple U.S. states and international markets, promoting a responsible gaming environment.

Positive

• Introduction of 'Basketball Squares' expands product offerings.
• Potential winnings up to $10,000 may attract more bettors.
• Engaging game mechanics designed to enhance user experience.

Negative

• Dependence on the popularity of NBA games may limit appeal.
• -

Bettors can win up to $10,000 in bonus money

CHICAGO, Feb. 23, 2023 /PRNewswire/ -- As the NBA emerges from its all-star break and kicks into high gear, the BetRivers and PlaySugarHouse sportsbooks are introducing Basketball Squares. Due to the enormous popularity of the NFL Squares wagering feature with football bettors, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), is launching a new version of the squares game for NBA bettors. It, like the NFL version, 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 2 on the bottom left and an 8 on the top right, it becomes a winner if the visiting team winds up with a points total ending in 2 and the home side closes with a points total ending in 8.

Wagers of $20 or more on any game with a Squares icon through the RSI platform rewards the bettor with a random 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.

In-game wagering for the NBA is fashionable among bettors, and Basketball Squares is designed to further engage them.

"With the fast pace style of play and high scoring of NBA games this season, our Basketball Squares game will offer RSI's bettors a thrilling experience and exciting way to win more," said Richard Schwartz, CEO at RSI. "Compared to football, there are more lead changes and scoring swings in basketball, which will make watching fourth quarter action even more engaging for our bettors this season."

Players can visit BetRivers.com or PlaySugarHouse.com for additional details about 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.

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SOURCE Rush Street Interactive

FAQ

What is the new game introduced by Rush Street Interactive?

Rush Street Interactive has launched a new game called 'Basketball Squares' for NBA bettors.

How can bettors participate in Basketball Squares?

Bettors can participate by placing wagers of $20 or more on NBA games with a Squares icon to receive standard squares.

What are the potential winnings in the Basketball Squares game?

Bettors can win up to $10,000 in bonus money through the Basketball Squares game.

When was the Basketball Squares game launched?

The Basketball Squares game was launched on February 23, 2023.

What is the significance of the Basketball Squares game for Rush Street Interactive?

The game aims to enhance engagement and attract more bettors during NBA games.