Global asset management behemoth BlackRock has ramped up its stake in online gaming operator Rush Street Interactive (RSI), in a move which shows a rising conviction in the company’s recent results and future prospects.
Institutional Confidence in RSI Grows as BlackRock Increases Stake
BlackRock now owns 13,626,143 shares of the company’s stock worth $3,698,000 after buying an additional 13,626,143 shares during the last quarter, according to a filing with the SEC. That is a steep rise from early 2025 when the firm had less than 6% of the business. The expansion comes after a period when BlackRock had actually cut its holdings, making the latest move a startling reversal.
In addition, RSI’s market value will increase significantly with this higher investment. During the same period, the company’s share price went up almost 3 times, from just over $10 in early 2025 to almost $30 at the end of June 2026. The rally follows improved investor sentiment on the back of a better financial performance by the operator.
After several years of relatively quiet stock performance, Rush Street Interactive, the company behind the BetRivers platform, has built up some momentum. While many competitors leaned heavily on aggressive user acquisition strategies in sports betting, RSI took a more measured approach, focusing on its online casino operations with more controlled marketing expenses. This seems to have been a successful approach, and profitability has improved.
RSI Momentum Builds on Revenue Growth and Market Exposure
The company’s profits were modest in 2023 but rose significantly in the years following 2023. Revenue consistently exceeded expectations, reaching $1 billion in 2025, while adjusted EBITDA was growing strongly on the back of improved operational efficiency and margins.
Momentum carried over into 2026. In the first quarter, the company posted record revenue on the back of growth in regulated markets and higher user engagement. This steady progress has made RSI more visible to investors.
The company’s profile has also been boosted by its recent inclusion in the S&P SmallCap 600 index. This addition has led to increased trading activity and more institutional exposure. There was a sharp rise in trading volumes in the days before its inclusion in the index, indicating increased demand for the stock.
BlackRock’s latest move signals that large institutional investors are starting to see RSI as a rising player in the digital gaming realm. The company has not publicly commented on the change of ownership, but the timing is consistent with its improving financial trajectory and growing market presence.