Rush Street SPAC Presentation Deck

Business 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

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