Penn National Archives - Legal Sports Report

Barstool Sportsbook Heading To Maryland in 2021 Following New Penn National Acquisition

Penn National Gaming has acquired a casino property in Maryland and plans to launch the Barstool Sportsbook product on-property and online. Read More

Posted on: December 15, 2020 | | Brad Allen

Analysis: Who Will Win Third Place In US Sports Betting Market?

LSR analyzes who will emerge from BetMGM, Barstool Sportsbook and Caesars/William Hill to take third place in the US sports betting market. Read More

Posted on: December 2, 2020 | | Brad Allen

Massachusetts Sports Betting Again Rejected By Senate

The chances of Massachusetts even addressing sports betting this year, let alone legalizing, appear much longer after the Senate‘s budget decisions this week. The Senate again rejected the addition of sports betting to its fiscal 2021 budget proposal, which is months overdue. Sen. Bruce Tarr submitted an amendment legalizing sports wagering, just as he did […] Read More

Posted on: November 19, 2020 | | Matthew Waters

LSR Q&A: 888 On The Hunt For The Next Barstool Deal

LSR sits down with 888’s US chief Yaniv Sherman to discuss media partnerships and how to handicap the US sports betting race. Read More

Posted on: November 5, 2020 | | Brad Allen

Portnoy On Barstool Sportsbook And Penn: ‘They Answer to Jay And They Answer To Me’

Barstool founder Dave Portnoy says he is the most improtant person at Penn and Barstool, and Penn employees should treat him like the CEO. Read More

Posted on: October 13, 2020 | | Brad Allen

Barstool Sportsbook Parent Joins Sports Betting Cash Race

Another day, another sportsbook operator getting nearly $1 billion from the public markets. This time, it’s newcomer Barstool Sportsbook. Penn National sold 16.1 million shares at $61 each to raise $982.1 million in gross proceeds. The regional casino operator used standard language in its SEC Form 8-K detailing the transaction, stating general corporate purposes that […] Read More

Posted on: October 1, 2020 | | Matthew Waters

Did FanDuel Pass On Barstool Sportsbook Before Penn National Deal?

Barstool founder Dave Portnoy says a tie-up between Penn and FanDuel is still on the table and would mean "the end of the market". Read More

Posted on: September 29, 2020 | | Brad Allen

How Much Was Bet At Barstool Sportsbook In PA On Opening Weekend?

The Barstool Sportsbook took $11 million in handle on its first weekend live in PA, with around 12,000 first-time depositors. Read More

Posted on: September 25, 2020 | | Brad Allen

‘Haters’, ‘Critics’ Welcome Barstool Sportsbook To PA Sports Betting Market

The anticipated launch of Barstool Sportsbook formally occurs Friday as the company’s PA sports betting app is available for download. Penn National Gaming partnered in January with Barstool Sports to serve as its primary US sports betting brand. Pennsylvania becomes the first state with the reskinned Kambi app in time for Week 2 of NFL […] Read More

Posted on: September 18, 2020 | | Adam Candee

Analyst: Penn National Stock Could Hit $200 Thanks To Barstool Sportsbook

Craig-Hallum analyst Ryan Sigdahl initiated coverage of Penn National Gaming on Tuesday with a street-high $75 price target thanks to its online sports betting potential with Barstool Sportsbook. Read More

Posted on: September 1, 2020 | | Brad Allen