Barstool Sports Book App
WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) today announced that the Pennsylvania Gaming Control Board (“PGCB”) has approved a live, real money test period for its new Barstool Sportsbook mobile app in Pennsylvania from September 15-17, pending final iOS app approval.
Penn National Gaming will soft launch its Barstool Sports-branded sports betting app next week, paving the way to the possibility of millions of dollars in sports wagers for the local company. Scroll down to find the Barstool Sportsbook app. Tap the app and select an option: Never; Ask Next Time; While Using the App; Always; Android: Enter your Settings menu, from your home screen. Tap on Location services or Location access. From this screen, toggle location service for the Barstool Sportsbook & Casino app to Allow all the time.
The Barstool Sportsbook & Casino is available for download from the Apple App Store. It is not yet available on the Google Play Store due to rules set by Google. But you can still install the Android App. We're sorry but Barstool Sportsbook doesn't work properly without JavaScript enabled. Please enable it to continue. Barstool Sportsbook at Hollywood Casino Lawrenceburg is your ticket to real odds, point spreads and over/unders. There’s no better place to place your sports bets! Featuring 25 betting kiosks, great food and drink specials and 20 HDTVs for viewing the best games — including every pro football game every Sunday — our Barstool Sportsbook.
Following the test period, Penn National intends to officially launch the Barstool Sportsbook app in Pennsylvania on September 18, subject to final regulatory approvals. The Company plans to introduce the Barstool Sportsbook app in additional states in the coming months.
“The Barstool Sportsbook app is the centerpiece of our Company’s omni-channel strategy,” said Jay Snowden, President and CEO of Penn National. “Since forming our exclusive sports betting and iGaming partnership with Barstool Sports in January, our product, marketing and operations teams have worked hand-in-hand with Barstool’s top talent, including Dave Portnoy and Dan 'Big Cat' Katz, to create a sports betting experience that we’re confident will appeal to Barstool’s army of loyal followers, as well as our extensive database of existing casino customers and sports betting fans at large.”
“As the only gaming operator with a fully integrated sports media and entertainment partner, our customers will have the opportunity to engage with Dave, Big Cat and other Barstool fan favorites on our app – including betting with them, or fading their picks,” continued Mr. Snowden. “Our customers will also have an opportunity to interact with Barstool personalities live at one of our many casinos’ retail Barstool Sportsbooks in the coming months.”
The “soft launch” test period from September 15-17 will be available to a limited number of pre-registered participants, who will be able to make real-money wagers and access all of the features and functionality of the Barstool Sportsbook. The Company will also work with regulators to test the system and make any refinements prior to the full launch anticipated for September 18.
“I want to thank the PGCB and its staff for all their time and effort in reviewing and approving our app for this soft launch,” said Mr. Snowden. “I also want to thank all those who have been working tirelessly at Penn Interactive and our great partners at Barstool Sports for their many months of hard work and collaboration, as well as our risk management and platform providers, Kambi and White Hat Gaming. This is an important milestone in our Company’s continued evolution to be the leading omni-channel provider of retail and online gaming, live racing and sports betting entertainment, and we couldn’t be more excited to get underway,” concluded Mr. Snowden.
About Penn National Gaming
With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar, and L'Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well online social casino, bingo, and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool is exclusively promoting the Company's land-based and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to its national audience. The Company's omni-channel approach is bolstered by the myChoice loyalty program, which rewards and recognizes its over 20 million members for their loyalty to both retail and online gaming and sports betting products with the most dynamic set of offers, experiences, and service levels in the industry.
About Barstool Sports
Founded in 2003 by David Portnoy, Barstool Sports is a leading digital sports, entertainment and media platform that delivers original content across blogs, podcasts, radio, video and social, supported by nearly 70 dedicated personalities. It benefits from its base of loyal monthly unique visitors, including an estimated 48% of males and 44% of females in the Millennial and Generation X generations across the United States. In 2019, Barstool Sports grew by approximately 65%, delivering nearly $100 million in revenue from digital and audio advertising, ecommerce, events, licensing and subscription.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to, risks related to the following: (a) the magnitude and duration of the impact of the COVID-19 pandemic on capital markets, general economic conditions, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; (b) the launch of the Barstool Sportsbook app is subject to regulatory approvals and iOS app approval, which may be delayed; (c) the impact of significant competition from other companies for online sports betting; (d) the Company’s ability to achieve the expected financial returns related to its Barstool Sportsbook app; (e) the risk of failing to maintain the integrity of the Company’s information technology infrastructure and safeguard its business, employee and customer data in connection with the Company’s online sports betting; (f) the Company’s and its business partners’ ability to obtain various regulatory approvals required to own, develop and/or operate the Barstool Sportsbook app may be delayed or may not occur; and (g) other factors included in “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the U.S. Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.
By now, you have likely heard the monumental news of Barstool Sports and Penn National Gaming partnering up. The partnership includes Penn National having a 36% stake in exchange for over $160M in cash, and it allows Barstool Sports to be the face and brand of Penn National Gaming.
The main asset to come from this partnership, without a doubt, is the creation of Barstool Sportsbook. Expect to see the Barstool brand all over Penn National properties in 2020 and beyond, and even a Barstool Sportsbook mobile app.
Is it safe to assume that Dave Portnoy and the Barstool Sports family will dominate the social media coverage for Barstool Sportsbook. Expect to see unique and specific use of a Barstool Sportsbook Promo Code for frequent new player bonus bets in each state with a Barstool Sportsbook or online casino.Is The Barstool Sportsbook App in My State?
Official word has come down from the heavens, well Stoolie heaven, that the Barstool Sportsbook will be available in September. Penn National Gaming’s CEO Jay Snowden has indicated this, and with licensing needed and software development needed, the September 2020 timeline is respectable. Barstool Sportsbook and Penn National Gaming both know how important it is to be ready for the 2020 football season, both college and professional.
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https://twitter.com/astraffon/status/1276323440534925313
Expect the Barstool Online Sportsbook and mobile app to be ready in the following states:
- Pennsylvania
- Illinois
- Indiana
- Michigan
- New Jersey
The true test of how much Dave Portnoy has with “Stoolies” will certainly be on display with the launch of the Barstool online sportsbook and casino. The competition in the sports betting industry is on another level from what Barstool has dealt with in the past. With the likes of DraftKings Sportsbook, William Hill U.S. and PointsBet, it will be a great fight to watch in each state for market share.
Coming soon to PA?https://t.co/RQ4I0MVERJpic.twitter.com/9hnPK94epK
— PA Sportsbooks (@PASportsbooks) January 29, 2020
Barstool Sportsbook Promo Code and Bonuses
Expect Barstool Sportsbook to have promo codes galore, with things such as “PMT”, “BigCat”, “Barstool”, and more. Once ready, these promo codes will allow first-time users to sign up and get free incentivized offers for signing up at Barstool Sportsbook.
Risk-Free Bet
This is a popular incentive for many sportsbooks, which allows a user to make a risk-free bet of up to a certain dollar amount for their first bet. If the bet loses, the amount wagered will become sportsbook credit for the user to play with, hence the “risk-free” verbiage.
First Time Deposit Match
A standard at most sportsbooks, a deposit match is a great incentive for bettors to deposit more and play more right away. For example, if a sportsbook were to offer a 100% deposit bonus up to $250, if a bettor deposited $250, they would be eligible to receive up to $250 in free sportsbook credits, which are released either with a one-time play through or other restrictions.
Barstool Bets App
Barstool Sports saw this coming, and they have already rolled out “Barstool Bets” which is a free-to-play app that integrates Barstool’s content, podcasts, shows and more with a free betting game that allows users to place bets on games in hopes of winning prizes. This is a very valuable tool for both Barstool Sportsbook and Penn National Gaming in the future, as much of the user data has been (and will be) acquired on this app, which makes it quite easy to attract users once the main sportsbook is activated. With the ever-growing brand of Barstool Sports, the Barstool Bets and Barstool Sportsbook brands will be powerful as time goes on.
Where Can I Bet on Barstool Sportsbook?
While the Barstool Bets app is available everywhere (with no real money trading hands), Barstool Sportsbook will be a much slower rollout given the legal infrastructure in the US. The good news is, being partnered with a gaming giant in Penn National allows for a very easy transition into any states that PNG possesses casinos in.
We can fully assume Barstool Sportsbook will be in Pennsylvania, New Jersey, Indiana, West Virginia, Michigan, and others. Expect these to be amongst the first states where Barstool Sportsbook will be offered.
Remember, most states have their law(s) written that online sportsbooks can launch with a partnership with a land-based casino. Given the partnership between Barstool Sports and Penn National, this will create a relatively easy process. Wherever Penn National has properties, expect Barstool Sportsbook to follow.
Sports Betting Options at Barstool Sportsbook
Barstool Sportsbook will be a full-service sportsbook, with any type of betting options you could possibly imagine. This likely includes:
Spreads
Moneylines
Totals
Futures
Props
Parlays
Teasers
Live, in-game betting
Odds Boosts, and more!
With Barstool’s media empire being as large as it is, expect lots of push towards different betting types with the Penn National Gaming partnership.
Sports Offered at Barstool Sportsbook
Expect Barstool Sportsbook to offer a full set of sports options, as it expects to compete with the top sportsbooks in the US. We can certainly assume Barstool Sportsbook will have:
Baseball (MLB)
Basketball (MLB and College)
Boxing
Cricket
Cycling
Darts
Football (NFL, XFL, College)
Golf
Hockey
MMA
NASCAR
Rugby
Soccer (EPL, UCL, La Liga, etc)
Tennis
Barstool Sportsbook Banking Options
While nothing is set in stone, we can fully expect the following banking options for depositing and withdrawing at Barstool Sportsbook.
Barstool Sportsbook App
Deposit:
Online Banking
eCheck
PayPal
Credit Card
Debit Card
Skrill
Neteller
PayNearMe
Cash at Penn National Casinos
Withdrawals:
Barstool Sports Online Betting
Online Banking
Check
Cash and Penn National Casinos
And more!
Barstool Sportsbook App Download
- DRAFTKINGS SPORTSBOOK APP
FREE $1,000 BONUS!
- POINTSBET APP
FREE $250 BET!
- FANDUEL SPORTSBOOK APP
RISK-FREE $1000 BET!
- WILLIAM HILL SPORTSBOOK APP
RISK-FREE $500 BET!
- FOX BET APP
FREE $1,000 BONUS!