Rush Street Interactive and Kambi Group plc have reached an agreement to extend the partnership between the legal sports betting company and the online and mobile platform provider.
RSI, the parent company of retail and online sports betting sites BetRivers and SugarHouse, has been using Kambi’s wagering technology since the law prohibiting sports betting was overturned in 2018.
"RSI was the first US-based operator we partnered with post-PASPA, and it has been fantastic to witness RSI become one of the leading online gaming players in the Americas," Kambi CEO and co-founder Kristian Nylén said in a released statement on the agreement. "This contract extension ensures Kambi’s sportsbook will continue to complement RSI’s proprietary technology and platform, which together will provide the basis for even greater success in the future."
Kambi offers a digital sports betting platform, as well as data and risk management tools, to more than 40 operators, including DraftKings, 888 Holdings, and Churchill Downs Incorporated, across six continents.
Good timing
This is a big announcement that comes at a good time for Kambi, not only because RSI operates in the attractive market of Ohio, a state that recently opened up legal sports betting on January 1, but also because Kambi, well, needed some good news.
The digital platform provider recently saw its stock price fall by 10% last week after Fanatics chose U.K.-based Amelco for its sports betting platform in Massachusetts over Kambi.
The technology company is also wrapping up its partnership with PENN Entertainment, which operates Barstool Sportsbook and theScore Bet, as PENN has moved to its own in-house technology stack.
Kambi says it will support the continued growth of RSI in “existing markets and expansion into further jurisdictions in the future.”
RSI currently provides online and mobile sports betting in 15 states as well as Ontario, Canada.
