Rush Street SPAC Presentation Deck

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July 2020

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#1BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball >> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK CASINO#2Disclaimer This investor presentation (the "presentation") is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debtor other financial instruments of dMY Technology Group, Inc. ("dMY") or Rush Street Interactive, LP ("RSI") or any of their respective affiliates. The presentation has been prepared to assist parties in making their own evaluation with respect to the proposed transactions (the "Business Combination") contemplated by the Business Combination Agreement, by and among dMY, RSI and the other parties thereto (the "Business Combination Agreement") and for no other purpose. It is not intended to form the basis of any investment decision or any other decisions with respect of the Business Combination. No Representation or Warranty No representation or warranty, express or implied, is or will be given by dMY or RSI or any of their respective affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other written, oral or other communications transmitted or otherwise made available to any party in the course of its evaluation of the Business Combination, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. This presentation does not purport to contain all of the information that may be required to evaluate a possible investment decision with respect to dMY, and does not constitute investment, tax or legal advice. The recipient also acknowledges and agrees that the information contained in this presentation is preliminary in nature and is subject to change, and any such changes may be material. dMY and RSI disclaim any duty to update the information contained in this presentation. This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SMO or symbols, but dMY and RSI will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. Forward-looking statements This presentation contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the estimated future financial performance, financial position and financial impacts of the Business Combination, the satisfaction of closing conditions to the Business Combination, the level of redemption by dMY's public stockholders and purchase price adjustments in connection with the Business Combination, the timing of the completion of the Business Combination, the anticipated pro forma enterprise value and projected revenue of the combined company following the Business Combination, anticipated ownership percentages of the combined company's stockholders following the potential transaction, and the business strategy, plans and objectives of management for future operations, including as they relate to the potential Business Combination. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this presentation, words such as "pro forma," "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When dMY discusses its strategies or plans, including as they relate to the Business Combination, it is making projections, forecasts and forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, dMY's management. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of dMY's and RSI's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) dMY's ability to complete the Business Combination or, if dMY does not complete the Business Combination, any other initial business combination; (2) satisfaction or waiver (if applicable) of the conditions to the Business Combination, including with respect to the approval of the stockholders of dMY; (3) the ability to maintain the listing of the combined company's securities on the New York Stock Exchange another exchange; (4) the risk that the Business Combination disrupts current plans and operations of dMY or RSI as a result of the announcement and consummation of the transaction described herein; (5) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) costs related to the Business Combination; (7) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the Business Combination, including but not limited to, applicable gaming laws and regulations; (8) the possibility that RSI and dMY may be adversely affected by other economic, business, and/or competitive factors, such as the COVID-19 pandemic; (9) the outcome of any legal proceedings that may be instituted against dMY, RSI or any of their respective directors or officers following the announcement of the Business Combination; (10) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments; and (11) other risks and uncertainties indicated from time to time in the preliminary proxy statement of dMY related to the Business Combination, including those under "Risk Factors" therein, and other documents filed or to be filed with the Securities and Exchange Commission ("SEC") by dMY. You are cautioned not to place undue reliance upon any forward-looking statements. Forward-looking statements included in this presentation speak only as of the date of this presentation. Neither dMY nor RSI undertakes any obligation to update its forward-looking statements to reflect events or circumstances after the date hereof. Additional risks and uncertainties are identified and discussed in dMY's reports filed with the SEC. 2#3Disclaimer (cont'd) No Offer or Solicitation This presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This presentation shall also not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Business Combination or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Use of Projections This presentation contains financial forecasts. Neither dMY's nor RSI's independent auditors have studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, neither of them has expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. In this presentation, certain of the above-mentioned projected information has been provided for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Projections are inherently uncertain due to a number of factors outside of dMY's or RSI's control. Accordingly, there can be no assurance that the prospective results are indicative of future performance of dMY, RSI or the combined company after the Business Combination or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Industry and Market Data In this presentation, dMY and RSI rely on and refer to information and statistics regarding market participants in the sectors in which RSI competes and other industry data. dMY and RSI obtained this information and statistics from third-party sources, including reports by market research firms and company filings. Being in receipt of the presentation you agree you may be restricted from dealing in (or encouraging others to deal in) price sensitive securities. Financial Information The financial information contained in this presentation has been taken from or prepared based on the historical financial statements of RSI for the periods presented. An audit of these financial statements is in process and will be incorporated in the proxy statement relating to the Business Combination. Non-GAAP Financial Matters This presentation includes certain non-GAAP financial measures, including EBITDA and EBITDA Margin. These financial measures are not prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and may be different from non-GAAP financial measures used by other companies. dMY and RSI believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures with comparable names should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. See the footnotes on the slides where these measures are discussed and "Reconciliation of Non-GAAP Measures" on slide 36 of the Appendix for a description of these non-GAAP financial measures and reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Additional Information dMY intends to file with the SEC a preliminary proxy statement in connection with the Business Combination and, when available, will mail a definitive proxy statement and other relevant documents to its stockholders. The definitive proxy statement will contain important information about the Business Combination and the other matters to be voted upon at a meeting of stockholders to be held to approve the Business Combination and other matters (the "Special Meeting") and is not intended to provide the basis for any investment decision or any other decision In respect of such matters. dMY's stockholders and other interested persons are advised to read, when available, the preliminary proxy statement, the amendments thereto, and the definitive proxy statement in connection with dMY's solicitation of proxies for the Special Meeting because the proxy statement will contain important information about the Business Combination. When available, the definitive proxy statement will be mailed to dMY stockholders as of a record date to be established for voting on the Business Combination and the other matters to be voted upon at the Special Meeting. dMY's stockholders will also be able to obtain copies of the proxy statement, without charge once available, at the SEC's website at www.sec.gov or by directing a request to dMY's secretary at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Participants in the Solicitation dMY and its directors and officers may be deemed participants in the solicitation of proxies of dMY stockholders in connection with the Business Combination. dMY's stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of dMY in the Registration Statement on Form S-1, which was filed by dMY with the SEC on January 31, 2020 and is available at the SEC's website at www.sec.gov or by directing a request to dMY's secretary at the address above. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to dMY stockholders in connection with the Business Combination and other matters to be voted upon at the Special Meeting will be set forth in the proxy statement for the Business Combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Business Combination will be included in the proxy statement that the dMY intends to file with the SEC. 3#4Transaction Structure Transaction Overview ● RSI is a leading online gaming company with number one market share in online casino in the United States¹ as well as a top online sports betting offering dMY Technology Group, Inc. (DMYT) is a publicly traded special purpose acquisition company with $230 million in cash held in trust DMYT will combine with RSI in an Up-C structure DMYT has obtained commitments for a $160 million PIPE at $10.00 per share of common stock to facilitate the combination with RSI Sources and Uses ($m)7 Sources SPAC Cash in Trust² PIPE Investment RSI Rollover Equity Sponsor Shares $2306 $160 $1,6003,5 $58 $2,048 Uses Cash to Balance Sheet Cash to RSI Shareholders RSI Rollover Equity Sponsor Shares Transaction Costs $235 $125 $1,6003,5 $584,5 $30 $2,048 Pro Forma Ownership7 Sponsor 2.8% 78.1% RSI Public 11.2% 7.8% PIPE 1. See footnote 1 on pg. 12 2. Subject to redemption 3. Includes $150m value in RSI earnout shares less $125m of secondary capital to RSI shareholders; 4. Sponsor may forfeit up to 1,205,937 Sponsor promote shares if aggregate available cash raised through the fifth day after closing is less than $245m, decreasing in a linear fashion down to $160m (i.e. all shares at risk will be forfeited if aggregate available cash is $160m and zero shares will be forfeited if aggregate available cash is $245m) 5. RSI earnout of 15.0m shares and Sponsor earnout of 1,212,813 shares can be earned upon achievement of certain triggering events which are based upon a combination of 2021 Revenue targets and PubCo VWAP targets 6. Balance as of 3/31/2020 7. Assumes no redemptions of DMYT public shares 4#5RSI Management Team ● ● ● NEIL BLUHM Chairman & Co-Founder Co-founder of Rush Street Gaming and RSI Prominent long track record of developing world-class real estate and casinos Co-founded Walton Street Capital and JMB Realty, two real estate firms Co-Chairman of successful REIT listed on NYSE (Urban Shopping Centers, Inc.) ● ● GREG CARLIN CEO & Co-Founder Co-founder of Rush Street Gaming and RSI 20+ years of casino development and operating experience American Gaming Association (AGA) Board and executive committee member Former investment banker at Lazard Freres and Bankers Trust ● ● ● RICHARD SCHWARTZ President & Co-Founder Previous Experience A leader and innovator in the gaming industry for over 15 years Started the interactive business for WMS Industries (now Scientific Games) focusing on casino gaming Previously, an executive at Telecom Italia Lab US Former IP Attorney in Silicon Valley ● ● EINAR ROOSILEHT CIO Oversees RSI's Product, Engineering, and IT / Communications teams and RSI's European teams Former Head Architect at Playtech Estonia, with a particular focus on developing scalable systems Co-founder of Oryx Gaming, an iGaming platform provider ● ● MATTIAS STETZ COO Extensive experience in marketing, sports betting operations, and media content creation for the sports betting vertical Former executive at Kindred Group, including Chief Commercial Officer Shaped Kindred Group's long-term strategy and oversaw day-to-day Sports Marketing and Operations LO 5#6RSI Investment Highlights 1 #1 in US online casino market (May 2020)¹ 2 8 7 Accelerated growth profile and what we believe to be a pandemic-resistant business model 3 4 Proven ability to enter large and rapidly expanding markets Proprietary tech platform allows development velocity and iteration 5) Capital efficient business model: B2C, B2B2C and F2P model 6) C-Suite team has 100+ collective years experience in the online and offline gaming industry Strong growth catalysts: geographic expansion, product diversification, leading KPIs, digital user acquisition and tuck in acquisitions 1. See footnote 1 on pg. 12 Management believe that RSI possesses sustainable competitive advantages 6#7Rush Street Interactive: Company Snapshot ● ● ● Founded in 2012 History and Operations Launched first online casino in NJ in Sep. 2016 Currently operating in NJ, PA, IN, IL, NY, CO and Colombia. Developed a proprietary technology stack offering online casino and sports betting Current team of ~165 employees with a highly experienced management team EGR NORTH AMERICA AWARDS 2019 Winner Mobile Operator Rush Street Interactive NORTH AMERICA AWARDS 2018 Winner Marketing campaign Rush Street Interactive (PlaySugarHouse.com) american gambling awards Winner 2019 American Operator of the Year Casino Operator of the Year RUSH STREET Presented by gambling EGR US BAUNI 3. Rush Street Interactive. Leaping three postions on last year's nenkings to sursa covated podism position is Rush Street inter sight-year-ald online arm of Chicago-based is Rush Street interactive (RS), the Rush Street Gaming. Ever since inunching is dative, in-house bu MinySugattouse online casino with its lauded rewards system in NJ In September 2018, Suhoenitene there to make up the numbers. RUSH STREET BETRIVERS BETRIVERS.COM RSI's Diverse Brands SPORTSBOOK CASINO SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK | CASINO RUSHBET.CO PA (Sports and Casino) NY, IN, IL, CO (Sports) NJ, PA (Sports & Casino) Colombia (Sports & Casino) 7#82018A-2021E Financial Performance Consolidated Revenue & EBITDA, 2018A-2021E EBITDA² NJ PA Other¹ $20.7m 2018A ($7.9m) $63.3m 2019A ($9.4m) $226m 2020E $9m $320m 2021E $4m Note: RSI Management estimates, Includes B2B2C retail royalty income 1. 'Other' includes net revenue from Casino 4 Fun and all of RSI's other current and, for 2020 and 2021, anticipated future territories 2. RSI Internal Non-GAAP EBITDA calculated as net income plus depreciation and amortization. See "Reconciliation of Non-GAAP Measures" on slide 36 of the Appendix 8#9Comparable Company Benchmarking TEV / 2021E Revenue 2021E Revenue ($m) '19A-'24E Revenue CAGR Cash Flow4 Total Enterprise Value ($m) Stock Price Return Since Launch⁹ DraftKings 17.5x3,8 $7148 35% 10,11 Negative $12,4763 254%6 GAN 14.6x³ $491 17%¹ Positive $7153 88%6 Golden Nugget Online Gaming 8.9x¹ $122¹ 36%¹ Positive $1,0823,7 51%6,7 RUSH STREET INTERACTIVE 5.4x² $320² 65%² Positive $1,7255 ΝΑ Source: 1. GNOG June 2020 Investor Presentation 2. RSI Management estimates 3. As per CapitallQ and Bloomberg July 17, 2020 4. Cash Flow refers to 2022E EBITDA 5. Does not include $57.5m of sponsor shares 6. As at close July 17, 2020 7. Represents Landcadia II Holdings stock plus attached warrant 8. IBES Estimates 9. Refers to the date that each SPAC began trading (DraftKings: 24 April 2020, GAN: 4 May 2020, Golden Nugget: 6 June 2020 10. DraftKings Jan. 2020 Investor Presentation 11. CapitallQ as at 26 July 2020 9#10Business Model Operating Model States / Countries¹ ● ● ● Provide sports betting and online casino using proprietary platform RSI has control over customer retention, marketing and bonusing Pay a % NGR fee to the license holder in exchange for market access (typically a land-based casino) All B2C operations are under RSI brands RSI expects to be a B2C operator in new markets going forward NJ B2C IN IA 2 CO MI 1. Only considers online operations and includes states where contracts have been agreed or are currently being negotiated 2. Business to Government NY ● ● ● ● B2B2C RSI typically does not pay upfront operator license fees or bear any marketing expenses - working capital efficient Provide an omni-channel platform for land-based casinos Receive a royalty based off NGR RSI typically uses a co-brand to leverage land-based brand's local awareness and trust and RSI brand's reputation for quality RSI's proven B2B capabilities are expected to enable it to compete for B2G² deals (online lottery RFPs) as well as obtain access to certain markets where B2C may not be desirable or viable PA IL 10#11BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball >> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (920 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE #1 in US Online Casino Market (May 2020) BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK | CASINO#12The #1 Online Casino Company in the US US Online Casino Market Share and Gross Revenue, May 2020¹ BETRIVERS.COM ***SPORTSBOOK CASINO SUGAR HOUSE 24 RUSH STREET INTERACTIVE FanDuel/Betfair BetMGM/Borgata DraftKings Golden Nugget Online Gaming Caesars Entertainment a b b 4.6% 7.4% 10.3% 10.0% US Market Share, May 2020¹ 16.7% 15.7% Gross Revenue, May 2020¹ $23.0m $21.5m $14.1m $13.7m $10.2m $6.3m US Online Casino Market is projected to be $20bn, assuming all US states authorize online casino³ By comparison - US Online Sports Betting Market is projected to be $13bn, assuming all US states authorize online sports betting³ RSI US Online Casino YTD GGR: >$100m² Sources: Eilers and Krejcik, PGCB, NJ DGE, RSI Mgmt. estimates 1. Market share calculated using publicly available sources; nationwide market excludes Delaware. FanDuel/Betfair excludes Pokerstars due to merger with The Stars Group; NJ DGE does not break down GGR per skin, NJ % shares are based on May-20 Eilers and Krejcik % estimates of skin revenue contributions by operator. PA % share are based on PGCB data a. Live in New Jersey and Pennsylvania b. Live in New Jersey only 2. Actuals through July 4, 2020. 3. Based on Eilers & Krejcik and RSI internal estimates, assuming all states have regulated and reached a steady-state size 12#13Clear US iGaming Leader US Online Casino Market Share¹ Brand Focus Combined Population of Live Online Gaming Markets International Online Gaming Owns Casino Tech Platform Social Gaming Monthly ARPU³ Player LTV7 Demographic Appeal RUSH STREET INTERACTIVE 16.7% #1 in casino plus strong sports offering¹ US: 47m people Global: 96m people² >$6004,8 >$5,0004 DraftKings 10.0% Sports focused with cross-sell to casino US: 47m people * $415 N/A Golden Nugget Online Gaming 7.4% Casino focused US: 9m people x $6246 $5,0006 1. See previous slide 2. Includes Colombia 3. ARPU equivalent to DraftKings ARPMUP metric (revenue for a reporting period, divided by the average number of unique payers for the same period) - Includes both online sports betting and online casino 4. RSI Management estimates, L3M through end June 2020 5. DraftKings Q1 2020 Report 6. GNOG June 2020 Investor Presentation 7. 36 month NJ player LTV 8. RSI ARPU = RSI Monthly GGR / RSI Monthly Active Users 13#14BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball »> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE Large & Rapidly Expanding Addressable Market BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK CASINO#15Large US Online Opportunity for RSI • RSI operates in 97% of target US markets, by population, where online sports and/or online casino is legal¹ RSI is one of a limited number of operators that has market access to NY, PA and IL Market Access Agreements in Process ● IN NJ Today PA CO Combined Market Size² IL NY IA MI Combined Market Size² VA Future Opportunity Estimated US Market Size³ ~$5.0bn ~$4.5bn Source: Eilers & Krejcik, RSI Internal Estimates 1. Excludes markets run by lotteries or monopoly markets or where remote sign-ups are not permitted 2. Represents sum of estimated market sizes in box above 3. Total estimated US market size (online sportsbetting and online casino) based on Eilers & Krejcik and RSI internal estimates assuming all states authorize as of June 2020 ~$33bn 15#16A First Mover in Key US & LATAM Gaming Markets RSI First to Launch Online Gaming 1st to launch online sportsbook #1 Retail Sportsbook (39% MS)¹ #1 Online Casino (31% MS) #1 Online Slots (39% MS) #2 Online Sportsbook (14% MS) 8 PA CO 1st to launch an online sportsbook IN IL 1st to launch an online sportsbook 1st to launch an online sportsbook Source: Eilers & Krejcik, RSI Management estimates Note: MS = Market Share; Market share data based on GGR and as of May 2020 unless stated 1. Pre-Covid, Jan-20 RSI First to Launch Retail Sports Betting #1 Retail Sportsbook (40% MS) ¹ Ready to launch online as soon as regulated IL 1st to launch a retail sportsbook I T 1 I 1 I I T Well Positioned in LATAM Leading Operator in Colombia 16#17BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball »> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM Proprietary Tech Platform SELECTED MARKETS OTHER ALL e CREDITS GOLD P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK CASINO#18Proprietary iGaming Platform Provides flexibility, rapid feature creation / integration • Offers marketing and promotional tools Feature rich User Experience ● ● Casino Sports Social Casino and Sportsbook Content iGaming Platform Business Intelligence Marketing Customer Service Online Front End RSI 3rd Party 9:41 Q FIND OCTRIVERS INDIANA FEATURED TENNIS GASEBALL 100% CREATIVE REACH UP TO $250 BONUS Featured upcoming NFL >> HAPPY HOUR >> LIVE | TODAY 3:35 PM CST Indianapolis Colts Kansas City Chiefs @NFL>>> LIVE TODAY 3:35 PM CST Indianapolis Colts Kansas City Chiefs STREAM 20 BETS>>> Featured upcoming #NFL>>> TODAY 3:35 PM CST Indianapolis Colts Kansas City Chiefs ISB SPORTSBOOK $3,424.00 DEPOSIT do SLOTS RULE FOOTBALL BASKET +20 BETS >> REACH20 Domm SPREAD WIN -115 all +5 -115 SPREAD WIN -5 115 MORE EVENTS -115 -115 +5 SHOW MORE FEATURED LIVE EVENIS 115 SUPPORT -115 SPREAD WIN 115 0 TOTAL +5 -115 U57.0 -115 0 TOTAL +5 -115 U57.0 115 MORE EVENTS ✓ 0 TOTAL -5 -115 -115 +5 -115 -115 US7.0 -115 BETSUP POPULAR SALA 821 BERLINE www.w MACHESER LIVE SPORTS BETTING MONEY FROUTE REDLINE Racer Round 1 Johnson, Dustin INSTANT BETTING LIVE DEALER GAMES JACKPOTE UP TO $950 DEFOR 18#19Leading Sportsbook Product Premier in-game offering and live event streaming Recently upgraded our sports betting UI/UX Proprietary jackpot parlay feature New iOS app (expected 2H 2020) BETRIVERS 9:41 Q GETRIVERS SPORTSBOOK $5,102,40 p BETRIVERS SPORTSBOOK THE SPORTSBOOK SITE FOR SPORTS BETTORS BETRIVERS BONUS STORE WITH LIVE STREAMING! BET NOW $10 $10 $15 $20 $10 $10 20 S S OT$ ST$ OT$ SPORTS POTENTIAL WIN $100,322.05 How it works? TIME FRAME CRE-PICK BET AMOUNT EXTREMADURAUD-CADIZ BET: TO SCORE OUTCOME: LOPEZ, ALEX 1 ODDS: +340 ⒸLAUSANNE-SPORT-CHIASSO Login CARDIFF CITY-BLACKBURN ROVERS BET: TOTAL GOALS OUTCOME: OVER 35 ODDS: +310 AC MILAN-JUVENTUS BET: 3-WAY SPREAD IST HALE OUTCOME: DRAW-1 ODDS: +380 ALL SPORTS NEXT 24 HOURS BET: FIRST COAL NO COAL. NO BE OUTCOME: CHIASSO ODDS: +410 COMBO BETS $1.00 Join Now CRACOVIA KRAKÓW LEGIA WARSZAWA BET: TO SCORE OUTCOME: MARTINS, ANDRE] ODDS: +340 PLACE BETS 19#20Strategic Social Casino Offering ● Same platform as real money gaming (RMG) platform offering an authentic online casino experience Social casino players are converted to RMG at very low CPAS Consistent revenue growth with ARPDAU of $1.02¹ Large potential opportunity to attain a larger share of the $6bn² social casino market Social Casino Revenue, Jan-18 to Jun-20 Revenue Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 10.1x Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Source: RSI Management estimates Note: FTD = First Time Depositor 1. L6M Average 2. Eilers & Krejcik 3. Refers to states that are soon to legalize online sports betting and / or online casino Live States Social Casino Registrations Convert to RMG Soon-To-Be-Regulated States³ RMG FTDs at low CPAS Profitable Players Build up state database Convert to RMG once state regulates RMG FTDs at low CPAS Faster ramp-up 20#21BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball >> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM SELECTED MARKETS Efficient Business Model OTHER ALL e CREDITS GOLD P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK CASINO#22Online Casino has more Well-Rounded Demographics and Stronger Economics than Sports Betting... Average Time Spent Online casino customers spend 1.7x more time active each month compared to online sports bettors RSI monthly minutes per active user, Q1 2020 1.0x Sports Betting Source: RSI Management estimates 1.7x Casino Demographics Online casino customers are split equally between male and female but are typically older than online sports bettors On the other hand, online sports betting is almost entirely dominated by male customers RSI gender split, Q1 2020 Casino M M 50% 50% Sports Betting O 89% 11% FL RSI avg. age per active, Q1 2020 37.7 yrs OSB 42.0 yrs OC Better Monetization The average online casino customer generate 3x more revenue than the average online sports bettor per month. 1.0x Online Sports Betting RSI ARPU, Q1 2020 3.0x Online Casino 5.0x Both 22#23Strong Return on Marketing Spend RSI New Jersey LTV / CAC¹, by period 1.0x 5 Months 2.7x Year 1 6.3x Year 3 On average, all RSI cohorts since Jan-17 have paid back in their 5th month RSI Year 1 LTV/CAC of 2.7x is 23% higher than Golden Nugget Year 1 return on ad spend² More recent cohorts have been paying back in under 3 months Source: RSI Management estimates, all cohorts (a cohort represents all players that signed up in a particular month) since Jan-17 Note: LTV = Lifetime Value (Cohort total cumulative GGR); CAC = Customer Acquisition Cost 1. Cumulative GGR over period / advertising spend 2. GNOG June 2020 Investor Presentation 23#24BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball »> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (920 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD Financial Highlights P JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOKI CASINO#25Recent Performance RSI Consolidated Handle & GGR, Q3 2019 - Q2 2020 Handle $390m Q2 2019 Revenue $12m Q2 2019 Source: RSI Management estimates 1. Record for RSI $616m Q3 2019 $18m Q3 2019 Quarterly Growth Rate +54% $1,041m Q4 2019 Quarterly Growth Rate +53% $30m Q4 2019 $1,217m Q1 2020 $37m Q1 2020 $2,217m Q2 2020 $64m Q2 2020 RSI has generated record levels of handle and GGR during the first 2 quarters of 2020¹ Online casino has excelled during the first 2 quarters and is expected to continue being a strong performer for the remainder of 2020 Despite focusing on top-line growth, RSI has been profitable YTD 25#26Potential US Online Sports Betting and Online Casino Revenue Opportunity US Online Casino $20bn 40% 12% - 18% $1,000 - $1,500m US Market Size at full penetration¹ Potential% Penetration² RSI Expected Market Share³ Potential Online GGR Opportunity for RSI $1.5-$2.3bn US Online Sports Betting $13bn 60% 6% - 10% $500 - $800m 1. Based on Eilers & Krejcik assuming all states have online casino / sports betting and internal RSI forecasts 2. RSI Internal Forecast % market share in all legalized US states 3. RSI Internal Forecast % of US states with legalized Online Casino and Online Sports Betting 26#27● Long Term Financial Objectives Applying a fully stabilized EBITDA margin to long-term targets represents an attractive return profile RSI Consolidated Long Term Financial Targets $1,500m Revenue $2,000m Source: RSI Management estimates 1. Assumes a steady state weighted average EBITDA margin range of 24.5% -27.5% based on the ratio of B2C & B2B2C revenue I I Low End of Range High End of Range $368m Steady State EBITDA¹ EBITDA¹ $550m 27#28Going Public Expected to Provide Capital That Can Accelerate RSI's Growth Plan RSI Key Growth Drivers Supported by Transaction Proceeds Launch New Markets (Domestic and International) Scaling Operations and Marketing Budget Product Development Tuck In Acquisitions 28#29BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball >> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD P dMY Overview JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK CASINO#30dMy Management Team Experience NICCOLO DE MASI dMY CEO HARRY YOU dMY Chairman ● ● ● ● ● ● ● ● ● · Mobile pioneer - Software & Hardware Chairman & Former CEO of Glu Mobile Former CEO of Monstermob Former CEO of Hands-On Mobile Former President of Essential Former Director of Resideo Former Director of Xura Director of Broadcom Former President, CFO and Co-Founder of GTY, largest tech SPAC at time of IPO Former EVP, Office of Chairman of EMC Former CEO of Bearing Point Former CFO of Oracle and Accenture ● ● Retention Conversion Free-to-Play & Digital Gaming Acceleration UA Social features Amazon Apple Google Snap Expertise T-Mobile AT&T ● 2x $100bn+ market cap. public company CFO experience ● Distribution & Advertising ● Native app gameplay Scaling digital engine Bolt-on acquisitions Verizon Facebook 21 tribal relationships from GTY Public Markets Experience Executive Board Member Experience Walmart $100bn+ market cap. public company Audit Chair experience $600bn of M&A transaction experience 30#31Complementary Expertise Will Provide Accelerated Growth & Greater Opportunity for RSI Focus Area Unified internal tech platform delivering faster iteration cycles at lower cost Market access advant over com Secure & compliant tech stack-vetted domestically & internationally Social casino best practices provides RSI with top of funnel advantage Deep understanding of social mechanics (retention and monetization) Deep understanding of cohort monetization & marketing with a potential Al opportunity Scaled digital gaming expertise to deliver millions of active users across the US and internationally Increase highly profitable and efficient marketing spend to acquire new players and increase market share Public company operating systems and requirements Inorganic expansion as a proven operating model in the public markets Timeline Now Now Now Now Future Opportunity Future Opportunity Future Opportunity Future Opportunity Future Opportunity Future Opportunity Expertise RUSH STREET INTERACTIV RUSH STREET INTERACTIVE RUSH STREET INTERACTIV dMy Technology dMY Technology dMy Technology RUSH STREET INTERACTIVE RUSH STREET INTERACTIVE dMY Technology RUSH STREET INTERACTIVE dMy Technology dMY Technology 31#32BET NOW M NBA Basketball » 4/6/2020 100 AM S Basketball »> 4/15/2020 11:00 PM Denver Nuggets Detroit Pistons Dallas Mavericks Golden State Warriors 9:41 BETRIVERS COLORADO SEE MORE BETS (20 SEE MORE BETS (2) -0.5 -118 -0.5 -118 0.5 -118 SPREAD SPREAD WIN $5,102.40 DEPOSIT -118 WIN 0 TOTA BONUS FEWER EVENTS TOTAL 118 U195.5 -117 0195.5 -120 all ACCOUNT RUSH STREET INTERACTIVE BETRIVERS.COM SELECTED MARKETS OTHER ALL e CREDITS GOLD P Appendix JOJ 10 9 BALANCE $12.00 STAKE $1.76 9 CURSOS $4,000.00 $40.00 BLACK INSURANC YOU WON: $60.00 BODDE SUGAR HOUSE PLAYSUGARHOUSE.COM SPORTSBOOK | CASINO#33Accelerated Growth Profile and a Pandemic-Resistant Business Model RSI Consolidated Online Revenue, Jan-19 to Jun-20¹ Online Sports Online Casino $11.7m $6.3m $5.3m Jan-20 Source: RSI Management estimates 1. Excludes retail sports revenue $10.8m $7.4m $3.5m Feb-20 $12.2m $9.7m $2.5m Mar-20 1.86x $18.6m $17.8m $0.8m Apr-20 $23.4m $22.2m $1.3m May-20 $21.7m $19.7m $1.9m Jun-20 RSI Global Online Casino & Sports Revenue, 2020 YTD¹ Online Casino 1.0x Jan-20 Feb-20 1.2x Online Sports Betting 1.0x Jan-20 0.7x Feb-20 COVID-19 1.5x Mar-20 COVID-19 0.4x Mar-20 2.8x Apr-20 0.1x Apr-20 3.5x May-20 0.2x May-20 3.1x Jun-20 0.3x Jun-20 33#34Financial Statements – Balance Sheet Rush Street Interactive, LP Unaudited Balance Sheet Tax Basis ($'000s) Assets Current Assets Cash Restricted Cash Accounts Receivable Other Current Assets Total Current Assets Long-Term Assets License, net Equipment, net Total long-term assets Total Assets Liabilities Current Liabilities Accounts Payable Accrued Expenses Accrued Player Liability Other Current Liabilities Total Current Liabilities Intercompany liabilities Due to affiliates Total intercompany liabilities TOTAL LIABILITIES TOTAL MEMBERS' EQUITY / (DEFICIT) Consolidated As at 12/31/2019 TOTAL LIABILITIES AND MEMBERS' EQUITY $ 6,206 4,233 4,428 7,288 $ 22,155 $ 2,174 582 $ 2,756 $ 24,911 $ 3,875 6,769 3,606 3,331 $ 17,581 $ 2,980 $ 2,980 $ 20,561 $ 4,350 Consolidated As at 3/31/2020 $ 5,078 3,810 6,415 7,367 $ 22,670 $ 2,310 1,029 $ 3,339 $ 26,009 $941 9,357 2,728 2,437 $ 15,463 $ 4,084 $ 4,084 $ 19,547 $ 6,462 $ 24,911 $ 26,009 1. The financial statements presented herein have not been audited and are derived from RSI internal records maintained primarily on a cash basis for tax reporting. The financials statements presented herein have not been audited and the financial statements once audited may have certain adjustments to the information presented herein 2. The categories and classifications presented herein have been determined solely by RSI and have not been audited. Such categories and classifications may be differently reflected in any audited financial statements 3. The information presented herein is subject to and qualified by the provisions set forth in the "Disclaimer" section of the investor presentation 34#35Financial Statements - Income Statement Rush Street Interactive, LP Unaudited Income Statement Tax Basis ($'000s) Revenue Online Wagering Retail Commissions Other Total Revenue Operating Expenses Operating Costs & Expenses Costs of online wagering Advertising and promotions General administration and other Total Operating Expenses EBITDA Depreciation and amortization Net Income Actual 12 Months Ended December 2019 $ 60,941 946 1,367 $ 63,254 $ 29,434 30,005 13,253 $ 72,692 $ (9,438) 1,060 $ (10,498) Actual 3 Months Ended March 2020 $ 35,813 205 485 $36,503 $ 22,344 8,415 3,596 $ 34,355 $2,148 229 $ 1,919 1. The financial statements presented herein have not been audited and are derived from RSI internal records maintained primarily on a cash basis for tax reporting. The financials statements presented herein have not been audited and the financial statements once audited may have certain adjustments to the information presented herein 2. The categories and classifications presented herein have been determined solely by RSI and have not been audited. Such categories and classifications may be differently reflected in any audited financial statements 3. The information presented herein is subject to and qualified by the provisions set forth in the "Disclaimer" section of the investor presentation 35#36Reconciliation of Non-GAAP Measures Rush Street Interactive, LP ($'000s) EBITDA Reconciliation Net Income (+) Depreciation & Amortization EBITDA (Unaudited) Actual 12 Months Ended December 2018 $ (8,565) $ 637 $ (7,928) Actual 12 Months Ended December 2019 $ (10,498) $ 1,060 $ (9,438) Actual 3 Months Ended March 2020 $ 1,919 $ 229 $ 2,148 Note: The financial statements presented herein have not been audited and are derived from RSI internal records maintained primarily on a cash basis for tax reporting. The financials statements presented herein have not been audited and the financial statements once audited may have certain adjustments to the information presented herein. The information presented herein is subject to and qualified by the provisions set forth in the "Disclaimer" section of the investor presentation 36#37Glossary of Terms Term Handle GGR NGR ARPU ARPDAU FTD LTV CAC Definition Gross dollar value of cash bets made on the platform Gross Gaming Revenue; Gross dollar value of cash bets less payouts Net gaming revenue; GGR less promotional bets less gaming taxes and duties Average revenue per user; Monthly GGR / Monthly Active Players Average revenue per daily active user; Social casino daily gross revenue / Daily actives First Time Depositor Lifetime value; Total GGR generated over a player's lifetime Customer acquisition cost; Monthly marketing spend / Monthly FTDs 37

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