statements as gaming expense. There was no amount incurred for the year ended December 31, 2018. There was no amount payable as of December 31, 2019 or 2018.
Sugar House HSP Gaming, LP d/b/a Rivers Philadelphia (Sugar House)
RSI has entered into four agreements with Sugar House: (a) the Retail Sports Book Agreement, dated as of December 11,
2018, by and between Rush Street Interactive PA, LLC and Sugar House (the Sugar House RSBA), (b) the Online Sports Wagering Operations and License Agreement, dated as of May 28, 2019, by and between RSI and Sugar House, as amended
by Amend No. 1, dated as of June 26, 2019 (as further amended, the Sugar House OSWOLA), (c) the Online Interactive Gaming Operations and License Agreement, dated as of July, 2019, by and between Rush Street Interactive PA, LLC,
RSI and Sugar House (as further amended, the Sugar House OIGOLA) and (d) the Software and Services Agreement, dated as of July 10, 2015, by and between RSI and Sugar House (the Sugar House SSA). Sugar House launched
its (i) Casino4Fun social gaming offerings on July 10, 2015, (ii) retail sports betting offerings on December 13, 2018; (iii) online sports betting offerings on May 31, 2019; and (iv) online gaming offerings under the
Play Sugar House skin on June 19, 2019 and under the BetRivers skin on January 30, 2020.
Pursuant to the Sugar House RSBA, RSI provides support services for retail sports wagering offered at the Rivers Philadelphia
casino. RSI earns a percentage of revenue, less certain deductions, plus certain third party fees to be agreed between RSI and Sugar House. In 2019, RSI recorded revenue of $0.2 million pursuant to the Sugar House RSBA.
Pursuant to the Sugar House OSWOLA, RSI operates the online sports wagering site and records the result from wagers made less
wagers paid out as revenue. For the year ended December 31, 2019, RSI recorded revenue of $7.0 million.
Pursuant to the Sugar House OIGOLA, RSI operates the online sports wagering site for the playsugarhouse.com brand
name and records the result from wagers made less wagers paid out as revenue. For the year ended December 31, 2019, RSI recorded revenue of $11.8 million.
Pursuant to the Sugar House OIGOLA and OSWOLA, RSI pays the Sugar House casino a commission that also includes payment for
amounts for gaming taxes incurred and certain other costs incurred directly by the casino. For the year ended December 31, 2019, RSI incurred commission to the Sugar House casino of $(0.5) million. On December 10, 2020, RSI and Sugar House
amended the Sugar House OIGOLA and OSWOLA, and agreed to reduce the royalty expense owed by RSI by $9.0 million with respect to the period of July through September 2020. This amendment is, by its terms, one time in nature. See Note 1 to
RSIs consolidated financial statements included elsewhere in this prospectus.
Pursuant to the Sugar House SSA, RSI
provides software and services to support the Casino4Fun Casino, which is a customer-branded social gaming casino site and does not involve any real money wagering, but customers can deposit money to be redeemed for credits to be used on the site.
RSI collects all deposits and remits a commission to Sugar House. In 2019, RSI received $0.2 million (after payment of commissions to Sugar House) pursuant to the Sugar House SSA.
Holdings Acquisition Co, LP d/b/a Rivers Casino (Rivers Pittsburgh)
RSI has three agreements with Rivers Pittsburgh: (a) the Retail Sports Book Agreement, dated as of December 11, 2018,
by and between Rush Street Interactive PA, LLC and Rivers Pittsburgh, as amended by Amendment No. 1, dated as of June 21, 2019 (the Rivers Pittsburgh RSBA), (b) the Online Sports Wagering Operations and License Agreement, dated
as of June 21, 2019, by and between Rush Street Interactive PA, LLC and Rivers Pittsburgh, as amended by Amendment No. 1, dated as of June 21, 2019 (the Rivers Pittsburgh OSWOLA) and (c) the Software and Services
Agreement, dated as of July 10, 2018, by and between RSI and
162