Share 
Rush Street Interactive spoke glowingly about BetRivers’ performance in the New Jersey iGaming market during a Q3 2025 earnings call last week. The company cited a record number of new players.
RSI officials revealed that BetRivers Casino increased year-over-year revenue by 37% in Q3 2025. It’s the second-fastest growth rate since Q1 2021, which is a good indication that mature markets can continue to grow.
Showing revenue increases
New Jersey online casinos are more mature than any other market, having gone live since 2013. BetRivers has been operating in the state since 2016, easily the longest its been in any state.
BetRivers posted the following revenue totals last quarter:
- July: $9.1 million
- August: $8.3 million
- September: $8.0 million
The operator recorded $25.4 million during the quarter, the best quarter so far in 2025. BetRivers produced only $19 million in Q3 2024.
What’s been working
For a state as mature as New Jersey, it certainly isn’t easy to sign-up new customers. However, RSI officials have seen significant improvements in that area.
Co-founder and CEO Richard Schwartz commented on the call:
“We also had a record quarter as it relates to first-time depositors across the business, beating our prior high watermark by more than 10%, while doing so at very attractive customer acquisition rates.”
President and CFO Kyle Sauers later said the company is “not spending any more money doing that.” He also gave credit to the RSI marketing team.
BetRivers has around 1,600 games in its New Jersey library, which appear to be resonating with players, as the majority of titles are slots. Sauers also pointed to another key metric in the call:
“I think our 34% growth in our monthly active users in North America is impressive. But when you get to just the iCasino markets, and it was 46% year-over-year.
“That tells you that’s where we’re investing and that’s where we’re having a lot of success.”
The revenue increases certainly supports Rush Street’s investments into BetRivers. The company will look for added growth in Q4.
