Rush Street Interactive, Inc. (RSI) is a publicly listed US online casino and sports betting company, not a privately owned casino brand. Richard Schwartz is its Chief Executive Officer, while co-founder Neil Bluhm is Executive Chairman and a major beneficial shareholder. The answer to who owns Rush Street Interactive is more complicated than naming either man: voting rights in the listed company, shares with economic rights and units in its operating partnership are separate things.
Checked on 9 November 2026 against original filings; ownership percentages retain their individual dates and bases. See our Rush Street Interactive company overview for broader context.
Who Owns Rush Street Interactive?
Class A common stock trades on the NYSE under RSI. Public and institutional investors hold shares alongside founders and other voting-class holders. Neil Bluhm is influential, but does not personally own 100% of RSI.
| Question | Short Answer | Important Distinction |
|---|---|---|
| Who leads RSI day to day? | Richard Schwartz, CEO, supported by the executive team | A managerial role is not a measure of shares owned |
| Who chairs the board? | Neil Bluhm, Executive Chairman | Board leadership differs from the CEO role |
| Who has significant voting influence? | Neil Bluhm and associated trusts/entities, with other shareholders also voting | Voting percentages are not the same as economic ownership |
| Who owns the operating partnership? | RSI Inc. and other holders of RSILP units | The public parent consolidates a partnership it does not own entirely |
The definitive proxy filed 24 April 2026 attributed 47.5% of combined Class A/Class V votes to Bluhm as at 20 April 2026. That is neither his share of group assets nor an unchanged present-day stake. Later transactions altered RSI's formal NYSE governance classification.
Who Is the CEO of Rush Street Interactive?
The Rush Street Interactive CEO is Richard Schwartz. He co-founded the operating business in 2012 and has served as CEO since August 2021, according to RSI's published director biography. He also sits on the board. His duties concern corporate strategy and executive leadership rather than chairing the board.
Schwartz was previously RSI's President and helped build its interactive gambling operations. His appointment as CEO followed the tenure of fellow co-founder Greg Carlin. The founding group comprised Neil Bluhm, Greg Carlin and Richard Schwartz; the full corporate timeline belongs in our RSI history and acquisitions profile.
Neil Bluhm is not the CEO. He has been chairman since the company's early years and Executive Chairman since April 2021. As chairman, he helps guide the board and its oversight of the business. His position and beneficial shareholding can both confer influence, but neither should be converted into a claim that he personally directs every operational decision.
Rush Street Interactive Management and Board
The April 2026 proxy and current official biographies confirm these roles, checked in November 2026.
| Person | Official Role | Main Area of Responsibility |
|---|---|---|
| Richard Schwartz | Chief Executive Officer and Director | Executive leadership and corporate strategy |
| Kyle Sauers | President and Chief Financial Officer | Financial management, operational execution and coordination |
| Mattias Stetz | Chief Operating Officer | Operations, with a particular focus on the Latin American business |
| Paul Wierbicki | Chief Legal Officer, General Counsel and Director | Legal affairs, governance and regulatory matters |
| Neil Bluhm | Executive Chairman and Director | Board leadership and strategic oversight |
Kyle Sauers became President on 15 October 2025, retaining the CFO role. Paul Wierbicki likewise combines a legal executive position with a board seat.
Management executes the business plan, while the board of directors appoints and oversees senior leadership, considers governance and risk, and acts through its committees. The 2026 proxy described an 11-member board, with directors including Andrew and Leslie Bluhm, Judith Gold, James Gordon, Jack Markell, Niccolo de Masi, Thomas Winter and Daniel Yih alongside the directors named above. The proxy designated Niccolo de Masi as Lead Independent Director. These are filed governance disclosures, not a promise that an old board list will remain unchanged indefinitely.
Rush Street Gaming, LLC is a separate business, despite shared founders and related-party arrangements. Casinos associated with Neil Bluhm are not automatically assets of listed RSI Inc. See RSI brands and subsidiaries for the operating map.
How RSI’s Ownership Structure Works
RSI's Up-C structure places the listed holding company above operating partnership Rush Street Interactive, LP (RSILP). Following the 2020 business combination, some partners retained RSILP units paired with voting shares in RSI Inc.
| Entity or Instrument | Economic Interest | Voting or Governance Function |
|---|---|---|
| Rush Street Interactive, Inc. | Public holding company with an economic interest in RSILP | Listed issuer; Class A and Class V holders vote at its shareholder level |
| Class A common stock | Ordinary economic interest in the listed issuer | Generally one vote per share |
| Class V common stock | No economic interest in RSI Inc. from the Class V share itself | Generally one vote per share; paired with retained RSILP units |
| RSILP units | Economic participation in the operating partnership | Subject to the partnership agreement; qualifying units can be exchanged with the corresponding cancellation of Class V shares |
| RSI GP, LLC | Wholly owned subsidiary of RSI Inc. | Sole general partner directing RSILP's business, enabling RSI Inc. to consolidate its results |
Subject to the partnership agreement, holders may generally exchange one RSILP unit plus one Class V share for one Class A share, with specified restrictions and possible cash settlement. The Class V share is cancelled. Counting the original unit and resulting Class A equivalent as independent economic interests would double-count.
At 31 December 2025, RSI Inc. owned 43.54% of RSILP, against 56.46% for other partners. By 30 September 2026, that split was 49.90%/50.10%. These are RSILP economic interests, not votes in RSI Inc. The public parent consolidates RSILP through its sole general partner and reports other partners' earnings as a non-controlling interest. See our Rush Street Interactive financial results for the income-statement effect.
Critically, RSI GP, LLC (RSILP's sole general partner) is distinct from Rush Street Interactive GP, LLC (named in founder beneficial holdings and as a sellers' representative). A voting percentage in the latter is not ownership of RSI Inc. See RSI's business model and technology for the operating context.
Neil Bluhm’s Voting Power and Other Shareholders
Ownership evidence is meaningful only with its date and denominator.
| Holder or Group | Reported Figure | What the Figure Measures | Source Date |
|---|---|---|---|
| Neil Bluhm | 47.5% | Beneficially attributed share of combined Class A and Class V votes | Proxy, holdings as at 20 April 2026 |
| Richard Schwartz | 3.8% | Beneficially attributed combined voting power | Same proxy and date |
| All directors and executive officers, together | 52.4% | Combined voting power of the 13-person disclosed group; includes named executives above | Same proxy and date |
| BlackRock | 13.3% | Of outstanding Class A shares, not of all RSI voting power | Holdings as at 30 June 2026; Schedule 13G/A filed 8 July 2026 |
| Divisadero Street Capital | 6.2% | Of outstanding Class A shares, not of all RSI voting power | Holdings as at 31 August 2026; Schedule 13G filed 1 September 2026 |
| FMR LLC | 8.5% | Of outstanding Class A shares, not of all RSI voting power | Holdings as at 30 September 2026; Schedule 13G filed 5 November 2026 |
The proxy used roughly 232.7 million Class A and V votes as at 20 April. Beneficial ownership can include attributed trust holdings. Its 52.4% insider-group figure already includes Bluhm and Schwartz; institutional Class A percentages and combined-vote figures cannot simply be added together.
In a Schedule 13D/A filed 3 August 2026 for a 30 July event, Bluhm reported 100,085,274 Class A-equivalent shares, or 46.5% on a holder-adjusted diluted denominator. The calculation adds his reporting group's exchangeable RSILP units and eligible options to outstanding Class A shares. It is not April's combined Class A/V voting basis. 47.5% and 46.5% therefore do not form a comparable time series.
Bluhm's filing includes direct and attributed trust/entity holdings. He is a major beneficial holder with substantial voting influence, not the sole owner or direct holder of every reported security. The table is not a live shareholder register.
Did RSI’s Controlled-Company Status Change in 2026?
Yes. The FY2025 Form 10-K described RSI as a “controlled company” under NYSE standards: Bluhm, Schwartz and associated voting-agreement holders held a majority of votes. This allowed exceptions from some board and committee independence requirements.
| Period | Disclosed NYSE Governance Position |
|---|---|
| FY2025 annual reporting / April 2026 proxy | RSI described itself as a controlled company and relied on specified governance exemptions |
| After the May 2026 secondary offering | RSI stated it no longer qualified as a controlled company under applicable NYSE rules |
| September 2026 quarterly reporting | The company reiterated that post-offering classification; some independence exemptions remained available during a transition period |
The change followed a May 2026 secondary offering by holders associated with Bluhm, Schwartz and Stetz. They exchanged partnership units and sold Class A shares. RSI received no proceeds from the sellers' shares, although it separately repurchased some Class A stock. The June and September 2026 Forms 10-Q confirm the changed status.
The status change does not mean Bluhm ceased to be influential. RSI disclosed a one-year transition period for certain governance exemptions, so independence requirements did not all apply immediately. See RSI risks and opportunities for the governance implications.
How to Read RSI Ownership Disclosures
I check four things before citing an ownership percentage:
- Date. A 20 April proxy table and an August amendment are not live November holdings.
- Entity. Does the filing concern RSI Inc., RSILP, RSI GP, LLC or Rush Street Interactive GP, LLC?
- Rights. Is it Class A economics, Class V votes, partnership units or options?
- Denominator. Are these combined votes, outstanding Class A shares or a holder-adjusted diluted base? Are trusts included by attribution?
The April proxy attributes 81% of the voting interests in Rush Street Interactive GP, LLC to Bluhm; not 81% of RSI Inc. stock. It also reports a trust's 7.5 million-unit RSILP pledge in March 2026. A pledge is collateral, not evidence of a sale or an issuer loan. A gift likewise differs from an open-market sale.
Find the original FY2025 Form 10-K, 24 April proxy, 3 August Schedule 13D/A and September 2026 Form 10-Q under RSI Investor Relations → SEC Filings or SEC EDGAR. Share-price questions belong to our RSI shares and share-price chart.
Richard Schwartz runs RSI; Neil Bluhm chairs its board and retains substantial beneficial influence. Public and partnership investors have different rights, making the date and security class essential to every ownership claim.
Source basis: Rush Street Interactive, Inc. FY2025 Form 10-K; definitive proxy statement filed 24 April 2026 (beneficial ownership as at 20 April); secondary offering disclosures in May 2026; Schedule 13D/A filed 3 August 2026; BlackRock Schedule 13G/A filed 8 July 2026; Divisadero Street Capital Schedule 13G filed 1 September 2026; FMR LLC Schedule 13G filed 5 November 2026; Form 10-Q for the quarter ended 30 September 2026; and RSI's published executive and board biographies. Roles checked on 9 November 2026. Historical percentages are not represented as live holdings.