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Rush Street Interactive vs Madison Square Garden Entertainment: RSI and MSGE compared
Rush Street Interactive is the larger company: $386M of revenue in its latest quarter (Q3 2026) against $217M for Madison Square Garden Entertainment (Q1 FY27). Rush Street Interactive is growing faster (+39% against +37% a year earlier). Rush Street Interactive is more profitable, with an operating margin of 11.1% against 4.5%.
Where the money goes: RSI and MSGE
Rush Street Interactive (RSI) · Q3 2026
Rush Street Interactive, Q3 2026: revenue $386M (+39% year over year), operating margin 11.1%, net earnings $11.8M, operating cash flow $71.2M. The chart follows the revenue to costs, profit and cash.
Madison Square Garden Entertainment (MSGE) · Q1 FY27
Madison Square Garden Entertainment, Q1 FY27: revenue $217M (+37% year over year), operating margin 4.5%, net earnings $8.9M, operating cash flow −$26.2M. The chart follows the revenue to costs, profit and cash.
| Rush Street Interactive (RSI) | Madison Square Garden Entertainment (MSGE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $386M | $217M |
| Revenue growth, Y/Y | +39% | +37% |
| Operating margin | 11.1% | 4.5% |
| Net earnings | $11.8M | $8.9M |
| Net margin | 3.1% | 4.1% |
| Operating cash flow | $71.2M | −$26.2M |
| Free cash flow | $70.3M | — |
| Market value | $1.5B | $3.7B |
| P/E | 34.1× | 38.3× |
| Analysts’ mean target | $23.21 | $91.75 |
Where the revenue comes from
Rush Street Interactive
- Online casino and online sports betting: $384M (100%)
- Social gaming: $972K (0%)
- Retail sports betting: $421K (0%)
Madison Square Garden Entertainment
- Entertainment and Food, Beverage And Merchandise Revenues: $211M (97%)
- Arena license fees and other leasing revenue: $6.6M (3%)
Questions
Which is bigger, Rush Street Interactive or Madison Square Garden Entertainment?
Rush Street Interactive is the larger company: $386M of revenue in its latest quarter (Q3 2026) against $217M for Madison Square Garden Entertainment (Q1 FY27).
Is Rush Street Interactive or Madison Square Garden Entertainment growing faster?
Rush Street Interactive is growing faster (+39% against +37% a year earlier).
Which is more profitable, Rush Street Interactive or Madison Square Garden Entertainment?
Rush Street Interactive is more profitable, with an operating margin of 11.1% against 4.5%.
More: Rush Street Interactive earnings · how Rush Street Interactive makes money · Madison Square Garden Entertainment earnings · how Madison Square Garden Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.