
FORM10-K xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE FISCAL YEAR ENDEDDECEMBER 31, 2024, OR ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROM ______________ TO Commission File Number001-39232 RUSH STREET INTERACTIVE, INC. (Exact name of registrant as specified in its charter) 84-3626708 Delaware(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 900 N. Michigan Avenue,Suite 950Chicago,Illinois60611(Address of principal executive offices) (Zip Code) (773)893-5855(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of Exchange on Which Registered New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesxNo¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.YES¨No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.YesxNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).YesxNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerxAccelerated filer¨Non-accelerated filer¨Smaller reporting company¨Emerging growth company¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or reviews financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.¨ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes¨Nox As of June 28, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value ofthe Class A common stock held by non-affiliates was $738,091,003based upon the closing sales price for the registrant’s Class A commonstock of $9.59 on June 28, 2024, as reported by the New York Stock Exchange. For the purpose of calculating the aggregate market valueof shares held by non-affiliates, we have assumed that all outstanding shares are held by non-affiliates, except for shares beneficiallyowned by each of our executive officers, directors and 5% or greater stockholders. In the case of 5% or greater stockholders, we have notdeemed such stockholders to be affiliates unless there are facts and circumstances indicating that such stockholders exercise any controlover our company at that time. This determination of affiliate status is not necessarily a conclusive determination for any other purpose. As of February27, 2025, there were94,555,182shares of the registrant’s Class A common stock, $0.0001 par value per share, issued andoutstanding, and133,504,736shares of the registrant’s Class V common stock, $0.0001 per value per share, issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of our Definitive Proxy Statement for our 2025 Annual Meeting of Stockholders, to be filed within 120 days after the end of thefiscal year covered by this Annual Report on Form 10-K, are incorporated by reference into Part III of this Form 10-K. Except with respe