Barstool Sportsbook App
Bet on sports with the Barstool Sportsbook from Penn National Gaming (NASDAQ: PENN) and Barstool Sports while enjoying the same online sports betting experience used by Dave “El Presidente. The Barstool sportsbook app is packed with exclusive daily odds boosts, custom offers and promotions, as well as brand-new features designed to enhance your sports betting experience.
The much-anticipated Barstool Sportsbook is now live in Pennsylvania.
Download the Barstool Sportsbook app Downloading the mobile betting app is just as easy as registering. Bettors with Apple and Android devices can use the online sportsbook from their smartphones. The Pennsylvania Gaming Control Board (PGCB) recently approved the Barstool Sportsbook app for a “soft launch” that will take place from Sept. If all goes well, it’s expected that the PGCB will approve Barstool Sportsbook for full-scale launch on Sept. 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.
It comes with an army of fans, bombastic “El Presidente” David Portnoy and high hopes from Penn National.
After a three-day test period, the Barstool Sportsbook achieved regulatory approval from the Pennsylvania Gaming Control Board. It will now be available 24/7 to people 21+ physically located in Pennsylvania. Users can access it via desktop or by downloading it in the Apple App Store.
Through Barstool’s partnership with Hollywood Casino, Pennsylvania will be the first state in which it launches its sportsbook. A press release indicated that Penn National plans to bring the Barstool Sportsbook app to additional states in the coming months.
Invite-only launch
Barstool is the 10th online sportsbook in Pennsylvania. It is the first to limit the number of users during the test period.
During Penn National’s January acquisition of Barstool, Penn touted its 66 million monthly unique visitors. Jay Snowden, president and chief executive officer of Penn National, said:
“We believe the significant reach of Barstool Sports and loyalty of its audience will lead to meaningful reductions in customer acquisition and promotional costs for our sports betting and online products, significantly enhancing profitability and driving value for our shareholders.”
Of course, all 66 million people aren’t located in Pennsylvania, nor are they all going to download the app. However, the arrival of Barstool’s sports betting product comes with much anticipation and an already built-in audience.
Portnoy calls PA step one in plan for world domination
At around 1 p.m. EST on Sept. 15, Barstool went fully live. An email was sent from Portnoy shortly after to the site’s users. It said that Pennsylvania was “just step 1 of our world domination plan.”
“We plan to quickly launch in every state where sports gambling is legal. Just like how we’ve built this company brick by brick, we will launch state by state and give each state the attention it deserves.
“Obviously, my haters, of which there are many, are hoping we fail. Well, I have an undying faith in the loyalty of our fans that make me believe we will do what we always do, and that’s shut up the critics and astound Wall Street with our performance.”
The email ended with Portnoy saying that the Barstool Sportsbook app can be downloaded no matter where your location is. (However, you won’t be able to play until is legal in your state).
Portnoy bets big on Phillies and Pirates
Portnoy didn’t waste any time placing bets on the Philadelphia Phillies and the Pittsburgh Pirates.
20K on Phillies to win and 5K on Bryce Harper to get a hit #BetResponsibly#ExcitementTax#1800GamblerForHelphttps://t.co/j7TBrRvh11
— Dave Portnoy (@stoolpresidente) September 18, 2020
I didn’t forget about you Pittsburgh #BarstoolSportsbookpic.twitter.com/dx7NURnQxu
— Dave Portnoy (@stoolpresidente) September 18, 2020
A look at Barstool Sportsbook
Barstool Sportsbook comes with the standard wagering options and in-game wagering, cross-sports parlays, moneylines, futures, teasers, round robins and numerous prop bets. Deposit and withdrawal methods are similar to other PA sportsbook apps.
Barstool Sportsbook exclusives:
- Barstool Personality Picks and Parlays: Daily opportunities to follow or fade the Barstool team’s picks and parlays
- Quick Pick 6: A system-generated, random six-leg parlay where bettors can control the legs and the wager
- Daily Odds Boosts
Also, the app has a “Move the Line” scroller that allows users to buy and sell points by using a scroller button.
Penn National betting big on Barstool
In late January, Penn National Gaming acquired a 36% stake in Barstool Sports for $163 million in cash and stock. The transaction valued Barstool at $450 million. The agreement gives Penn National the sole rights to use the Barstool Sports brand for its online sports betting and online casino products.
At the SBC Digital Summit North America in July, Jay Snowden, president and CEO of Penn National Gaming, discussed the acquisition.
“We knew the one thing that we were missing from a sports betting perspective at Penn was a brand to lead with and an audience to market to. We had great casino brands, but our audience today tends to skew older — 45-plus — and the sports bettors tend to skew younger — 21 to 45 — so that’s where we started to look at who we might want to partner with, and of course we eventually bought Barstool.”
“We’re going to lead with the Barstool brand from an online sports betting perspective,” he said. “We’re also in the process of converting our existing retail sportsbooks inside of our casinos and our sports bars to Barstool branded sportsbooks and sports bars.”
Penn National stock soars on Barstool launch day
Penn National Gaming stock ($PENN) opened Nasdaq trading at $65.54 a share on Tuesday. It hit a 52-week high of $69.77 a share at around 11:25 a.m. But it beat that on Friday with a new high of $76.62. $PENN closed on Friday at $70.55
Penn’s stock gained steam when it announced the Barstool deal in late January. It wasn’t immune to the jarring effects of COVID-19 and sunk to less than $4 a share in March. But it bounced back in July, reaching $37 a share, then came on strong in late August at $56.
A book with interesting characters
With the arrival of the Barstool Sportsbook, Pennsylvania will have 10 online sportsbooks. However, until now, only Fox Bet has used personalities to market its product.
The Barstool Sportsbook will be unique in that it’s a sports media company entering the sports betting vertical. Also, no other sportsbook has an outspoken and sometimes controversial face of the product like Portnoy.
Said Snowden during the SBC Digital Summit:
“We obviously spent a lot of time doing diligence on Barstool, and we got very comfortable with making an investment in Barstool. Dave Portnoy and the folks at Barstool are a sort of meshing of Sports Center and Howard Stern and reality TV. It’s a sports media company, but at the end of the day, these are entertainers. They create content — they’re comedians.”
Penn’s latest gaming app joins its current offering of a Hollywood online casino and sportsbook.
Barstool Sportsbook fans will have to wait a while longer for the app’s Indiana launch.
There was some optimism that Barstool could have become the state’s 10th online sportsbook.
However, William Hillbeat the company to market, and it looks like Barstool is a few spots back in line now.
888Sport beating Barstool to Indiana
Earlier this week, 888Sportannounced its plans to launch in Indiana during 2021.
888 will likely beat Barstool to market in Indiana, unless some unforeseen delays end up happening. That’s because the company is already ahead of Barstool when it comes to the launch process.
Online sportsbooks have to find a retail casino partner before they can launch in the state.
888 already has already teamed up with Harrah’s Hoosier Park, but Barstool hasn’t set a partnership in stone yet.
However, we already know which casinos Barstool might team up with.
Penn National Gamingowns a large chunk of Barstool, so the sportsbook will eventually line up a partnership with one of Penn’s casinos. In Indiana, that means either Ameristar East Chicago or Hollywood Casino Lawrenceburg.
888’s launch progress will be ahead of Barstool until it makes its casino partnership official.
While 888 might be ahead for now, don’t expect its 2021 launch to happen on Jan. 1.
The sportsbook still needs to acquire its temporary vendor license, which is the first step in a series of regulatory hoops it’ll have to jump through before it can start taking bets.
BetIndiana launch could beat Barstool
BetIndiana is the only company that has the opportunity to beat both 888 and Barstool to market in Indiana.
It’s been almost a year since the sportsbook snagged its vendor license, so the company’s launch has been a long time coming.
Barstool Sportsbook Apparel
Sportsbooks typically open for business within a few months of getting their license, so it’s been an unusually long wait for BetIndiana.
The company obtained its license back on Jan. 13, but a series of COVID-19-related setbacks keep delaying its launch.
BetIndiana is a small company, so it just doesn’t have the same resources as a big company like DraftKings or FanDuel to throw at the launch process.
For all we know, the sportsbook could open its digital doors in Indiana this week. On the other hand, it might take several more months to get the ball rolling.
After being stuck in limbo for almost a year, anything could happen at this point.
So BetIndiana and 888 will probably beat Barstool to market, but the question is, when will Barstool’s Indiana debut actually happen?
Barstool Sportsbook Indiana 2021
It might be a while before Barstool Sportsbook officially comes to Indiana, but we do know it’ll happen sometime in 2021.
Barstool Sportsbook App Promo Code
So what’s the hold up? It comes down to the company’s priorities.
Right now, Barstool’s plan is to launch in every legal sports betting state by the end of next year.
So in other words, Indiana might not be at the top of the company’s list.
We know the sportsbook is launching in Michigan next, but everything is up in the air after that.
Currently, the betting app is only available in Pennsylvania.
Until the company provides a new update, Barstool fans in Indiana will be stuck eagerly awaiting the sportsbook’s launch.