Rush Street Interactive (RSI)

[ZenMan 111]

"On September 23, 2020, Neil Bluhm, the Chairman and Co-Founder of Rush Street Interactive, LP (“RSI”) participated in an interview with CNBC reporter Leslie Picker. During the interview, Mr. Bluhm discussed RSI’s proposed business combination (the “Business Combination”) with dMY Technology Group, Inc. (the “Company”). A transcript of the interview is produced below."

Neil Bluhm, Rush Street Interactive:
“But the best opportunity we saw seven years ago was internet gaming. Now, internet gaming really involves two different features. Sport betting which you all know about, you hear about all the time. But there’s a second business, which is online casino, where you offer slots, table games, blackjack on the internet. This may surprise you, but the predictions are that the online casino market will ultimately be almost 50% bigger than sport betting. And we have the number one market share for online casino revenue in the United States. Most states started with sport betting, but they’re now considering online casinos because the states need more revenue, and they realize the growth of online entertainment at home. Also, states that allow both have found so far that the casino revenue far exceeds the sport betting revenue. Also, the customers are different. Sport betting appeals largely to males. Online casino is 50 percent female. We’re currently operating online in five states, and those are major states: Pennsylvania which does have online casino, New York which is only retail, so we’re not online yet. Illinois which is just sport betting and New Jersey which is both.”