Rush Street Interactive Inc. (RSI) is reportedly considering strategic options, including a possible sale, according to Bloomberg News.
Sources familiar with the situation revealed that the company has been in talks with potential acquirers, including DraftKings (NASDAQ:DKNG), the report says.
Under the leadership of CEO Richard Schwartz, Rush Street went public in December 2020 through a merger with a special purpose acquisition company (SPAC).
The company's stock closed at $6.12 on Wednesday, valuing the company at approximately $1.4 billion.
Based in Chicago, Rush Street Interactive is a spin-off of the real estate and casino conglomerate owned by billionaire Neil Bluhm, who continues to hold a controlling interest in the company.
The company generated a revenue of $691 million last year, marking a 17% growth year-over-year.