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Thirty-two jurisdictions saw an increase in gambling revenue compared with 2021, with 29 states setting new annual records. This included the new Nebraska market, as well as four states that reported their first full year of revenue: Arizona, Connecticut, Virginia and Wyoming.
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Rush Street Interactive reported revenues of $220.4 million, up 33.5% year on year, outperforming analysts’ expectations by 9.4%. The business had an incredible quarter with an impressive beat of analysts’ earnings and operating margin estimates.
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Accel Entertainment reported revenues of $309.4 million, up 5.7% year on year. This print exceeded analysts’ expectations by 2.7%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ earnings estimates but a miss of analysts’ operating margin estimates.