Online betting firm Rush Street Interactive weighs sale, approaches DraftKings

Online betting firm Rush Street Interactive weighs sale, approaches DraftKings

Article brief provided by Bloomberg News
  • Gillian Tan and Christopher Palmeri, Bloomberg News
March 21, 2024 9:10 PM
  • Gillian Tan and Christopher Palmeri, Bloomberg News

Rush Street Interactive Inc. is exploring strategic options including a potential sale, according to people with knowledge of the matter. Representatives of the company have approached potential buyers including DraftKings Inc., said one of the people, who asked not to be identified discussing confidential information.

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A representative for Rush Street, which operates brands including BetRivers and RushBet, declined to comment.

DraftKings “speaks to a variety of companies regarding various matters in the normal course of business, and it is our general policy not to comment on the specifics of any of those discussions,” a spokesperson for the company said.

Chicago-based Rush Street is an offshoot of the real estate and casino empire of billionaire Neil Bluhm, who remains its controlling shareholder.