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What do you get when you combine a prominent site for sports content and an online betting giant? The highly anticipated launch of the Barstool Sportsbook app is the tenth addition to Pennsylvania’s collection.

Barstool Sportsbook & Casino Passwords must contain: 1 Number 1 Letter A Minimum of 8 Characters Must not be a previ. What is Multi-Factor Authentication? In order to ensure the security of your account, we have removed security questions and implemented multi-factor auth. In Illinois, that means Barstool Sportsbook may operate off a sports betting license held by one of Penn National’s locations rather than opt for a more expensive online-only license. Company officials have also hinted at offering more than just a simple sportsbook where customers go to log on, place bets and log off. In Indiana, the company will open its Barstool Sportsbooks at Hollywood Casino Lawrenceburg later today and at Ameristar East Chicago Casino & Hotel tomorrow, subject to final regulatory approvals.

Since acquiring a portion of Barstool Sports, Penn National Gaming revealed its intention to launch the app in time for the 2020 NFL season, and it achieved that goal. This operator aims to claim a spot as one of the leading US online sportsbooks with competitive Barstool Sportsbook odds.

The anticipated Barstool Sportsbook launch date passed on September 18 2020, and there’s much excitement around the available offers at this new provider. Join us as we discuss the generous Barstool Sportsbook promo codes, how you can claim one, and what the benefits are.

Barstool Sportsbook Promo Code

Penn National Gaming has attained an influential position among both land-based and online sportsbooks and casinos; its portfolio is ever-expanding. The land-based casinos boast over 50,000 games at premium hotels in desirable locations.

Since development in 2003, Barstool Sports has been the go-to source for many Americans seeking the latest original sports and entertainment content online. Seventy reputable personalities have kept its dedicated audience entertained as the site continued to grow.

In early 2020, Penn National Gaming acquired a considerable portion of Barstool Sports as an addition to its omnichannel approach. This partnership marked the beginning of Barstool Sportsbook, with exclusive promotions of Penn National’s multiple gambling options.

After acquiring its approval from the Pennsylvania Gaming Control Board, the Barstool Sportbook launch date occurred in mid-September. We can soon expect the Barstool Sportsbook app release in Indiana, with Colorado and Michigan to follow.

As our advancement into the digital age continues, the existing dedicated audience of Barstool Sports could prove immensely beneficial for this partnership. All that’s left is to look into how these loyal fans will benefit from any available Barstool Sportsbook promo codes.

Other reliable sportsbooks where you can find a great live promotion:

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Barstool Sportsbook App

September 18 marked the highly anticipated Barstool Sportsbook launch date in Pennsylvania. However, the testing stage spanned September 15 to 17, by special invitation only. Though the Barstool Sportsbook app marks the tenth release in the state, access was limited to a select few users initially.

Our focus today, however, isn’t on the Barstool Sportsbook app. Instead, we’ll focus on what we know about Barstool Sportsbook and what makes it unique.

Unlike most other online sportsbooks, players can interact with their favorite personalities when participating in Barstool Sportsbook sports betting. Users can follow the news and other content provided by the Barstool Sports site.

Through the app, you’ll find a wide variety of markets available, including the moneyline, parlays, point spreads, totals, and props. The three main types on offer at Barstool Sportsbook will likely be pregame, futures, and in-play bets.

When you join this provider, you can expect some impressive Barstool Sportsbook odds and extensive markets. As mentioned earlier, the provider made a clever move by setting the Barstool Sportsbook launch date during the 2020 NFL season.

Online sportsbooks use welcome bonuses and promo codes to entice new players to register. We expect nothing less from Barstool Sportsbook. The site lists various bonuses with no specific Barstool Sportsbook promo codes required. However, it’s unclear if these are exclusively applicable to the site or whether they’re available on the app too.

If an app-specific Barstool Sportsbook promo code is provided in the future, we expect it would come in the form of a no deposit bonus. Some other popular options include risk-free bets or a deposit match bonus, so keep an eye out for all three.

Whichever offer the provider chooses to attach to the Barstool Sportsbook promo code, we’re sure it’ll grab the attention of potential players. After all, any bonus could add some padding to your Barstool Sportsbook sports betting account balance and give you more bang for your buck.

Barstool Sportsbook Available States

After the initial testing phase from September 15 to 17, the Pennsylvania Gaming Control Board granted all required approvals to proceed with the full rollout. This marked the Barstool Sportsbook launch date in the state for September 18, and it went live without a hitch.

Pennsylvania is presently the only state where Barstool Sportsbook is available. The company does, however, plan to expand operations to Indiana, Colorado, and Michigan. As soon as the provider expands into these states, we expect to see the available Barstool Sportsbook promo codes to expand in number.

The exclusivity of the Pennsylvania launch makes it a slow start for this potential heavyweight of the sportsbook world. We expect to see some impressive Barstool Sportsbook promo codes in those states too.

Barstool Sportsbook Promo Code and Bonuses

As mentioned earlier, there are currently bonuses listed that don’t require Barstool Sportsbook promo codes. If you’re getting ready to register an account, here are a few options to try out.

Welcome Bonus

Barstool Sports Betting

Once you’ve created and verified your profile, the provider will credit your account with $10. No deposit or Barstool Sportsbook promo code is required.

This type of bonus often carries heavy wagering requirements and restrictions before you can withdraw your winnings. It may sound like a lot of work, but it’s a fantastic way to try the provider.

First Time Deposit Bonus

After registering your account, you’ll receive a 100% risk-free bet on your first qualifying wager after making your initial deposit. You don’t need to provide a Barstool Sportsbook promo code to claim this offer.

If your first wager loses, you’ll receive 100% of your money back up to $500. Of course, this is subject to your wager meeting the specific requirements. As always, ensure that you’ve read the terms and conditions attached before claiming this bonus.

The typical value of risk-free bets with US providers ranges from $200 to $500. We’d expected nothing less from this provider, even without a Barstool Sportsbook promo code. Considering the Penn National involvement, we’re glad to see it’s gone with this bracket’s higher end.

Customization Bonus

Another fantastic opportunity to receive some extra credit is the Customization Bonus. You don’t need to enter a Barstool Sportsbook promo code or make any payments to qualify. Head over to the “Betting Favorites” section of your profile and add it to your preferences.

Barstool Power Hour

The #ReducetheJuice offers discounts on weekdays for one hour. You could receive discounted Barstool Sportsbook odds for selected events during this period. You don’t need to provide a Barstool Sportsbook promo code to qualify, and you could receive a better price for your wager.

Listed Pitcher Insurance

This promotion requires no Barstool Sportsbook promo code and is valid for wagers on MLB games. Receive 100% bet insurance against listed pitcher changes before the first pitch.

Deposit Match Bonus

This offer is the most common among US online sportsbooks, so it’s no surprise that we see it as a Barstool Sportsbook promo code. It isn’t among the active bonuses, but we hope it’ll make an appearance soon.

This type of bonus is often in the form of a percentage match on your first deposit. Some providers go a step further and spread this offer over the first three or four deposits with varying percentages. From our experience, this will likely range from 50% to 200% if Barstool wants to attract bettors to its sportsbook.

Furthermore, we speculate that the provider may have some league specific Barstool Sportsbook promo codes joining the lineup. Significant events such as the NFL, NHL, NBA, and MLB could pique some Barstool Sportsbook sports betting interest.

Since the Barstool Sportsbook is a bit late in joining the game, it’ll need to step it up to attract new players and gain market share. That requires launching more generous Barstool Sportsbook promo codes than the other more established operators. There’s nothing new players enjoy more than a little boost to their Barstool Sportsbook sports betting experience at no extra cost.

Whichever Barstool Sportsbook promo code is available, always be sure that you’ve read the terms and conditions attached. Some standard requirements that you’d find might include a limitation on Barstool Sportsbook odds, or restrictions on which games you can wager on and when. Failure to read and understand these terms could result in some unexpected losses.

Barstool Sportsbook Locations Phoenix Az

Barstool Sportsbook Promo Code FAQ

What Do I Need to Open an Account?

Barstool Sportsbook Locations California

From the Barstool Sportsbook site’s homepage, navigate to the login page and Create A New Account. Complete the registration form by providing your name, email, telephone number, address, and the last four digits of your social security number.

Remember that you must be at least 21 years old and reside within the borders of Pennsylvania.

What States Can I Wager In?

You may only place a wager while physically located in a state where Barstool is licensed. For now, this is restricted to Pennsylvania only. However, future plans for this brand include Michigan, Indiana, and Colorado.

Is Using Barstool Sportsbook App Legal?

Yes, the provider is licensed to operate within the borders of Pennsylvania.

Final Thoughts on Barstool Sportsbook Promo Code

Barstool Betting App

With the impressive reputations of both Penn National Gaming and Barstool Sports, the Barstool Sportsbook app’s high anticipation before the recent launch was no wonder. These giants have a lot to offer, bringing both sports entertainment and betting together for an impressive gambling experience.

You can find the app available for download from the Apple App Store for all compatible devices. Unfortunately, due to the regulations from Google, it’s not available from the Play Store.

If you’d like to install the app, visit the Barstool Sportsbook site, locate the link, and download the apk. file. Once the download is complete, you may proceed with installing the app to your device.

As mentioned earlier, while the site has bonuses and promotions listed for new players, there are none specific to the app. Luckily there are no particular Barstool Sportsbook promo codes required to claim any of the current offers available.

Barstool Sportsbook Locations Sacramento

The dedicated customer care team, competitive odds, diverse markets, and user-friendly design may just be the perfect combination. Expectations are high for this dynamic duo, and we look forward to seeing what their users think.

WYOMISSING, PA (Jan. 29, 2020) – Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the “Company”) announced today that it has entered into an agreement to acquire a 36% interest in Barstool Sports, Inc. (“Barstool Sports”), a leading digital sports media company, for approximately $163 million in cash and convertible preferred stock. Under the agreement, Penn National will be Barstool Sports’ exclusive gaming partner for up to 40 years and have the sole right to utilize the Barstool Sports brand for all of the Company’s online and retail sports betting and iCasino products.

Jay Snowden, President and Chief Executive Officer of Penn National, commented, “This exciting new partnership with Barstool Sports reflects our strategy to continue evolving from the nation’s largest regional gaming operator, with 41 properties in 19 states, to a best-in-class omni-channel provider of retail and online gaming and sports betting entertainment.”

Mr. Snowden continued, “With its leading digital content, well-known brand and deep roots in sports betting, Barstool Sports is the ideal partner for Penn National and will enable us to attract a new, younger demographic, which will nicely complement our existing customer database. In addition, with 66 million monthly unique visitors, 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.”

Jon Kaplowitz, Head of Penn Interactive, commented: “We look forward to introducing our 20 million mychoice customers to the Barstool Sportsbook brand through our retail sportsbooks and our interactive products. Our growing team of product and engineering talent at Penn Interactive is focused on what we anticipate will be a best-in-class sports betting app, which is expected to launch in the third quarter of 2020. Our team is excited to begin collaborating with Barstool Sports on ways to utilize its key talent and leading content to drive audiences to Penn National’s online gaming products and retail locations, as well as to special events and fan experiences.”

Erika Nardini, Chief Executive Officer of Barstool Sports, said, “Barstool Sports is a dynamic content company that has grown into a media juggernaut thanks to some of the best talent and fans in the world. Over the last five years, Barstool Sports has brought its audience, creativity and expertise to the biggest sports betting and DFS operators in the country with great results. The chance to combine our content and fans with Penn National's massive footprint, and to develop a unique and compelling omni-channel approach together, was for us a no brainer.”

Dave Portnoy, Founder of Barstool Sports, added, “This opportunity is a dream of mine and why I started Barstool Sports in the first place. Barstool Sports has a deep sports and gaming history and from the moment we met Jay and the Penn National team we knew this could be an exciting and game changing partnership and we can't wait to get started. I think with our shared vision and goals, we are uniquely positioned to be a leader in this business.”

Mike Kerns, Partner at TCG, stated, “We’re excited to partner with Penn National on Barstool Sports’ next chapter. We have long believed in the power of Barstool Sports’ unique brand, and with Erika’s leadership and Dave’s vision, the Company has realized remarkable growth over the last four years. We believe the marriage of the Barstool brand and passionate audience with Penn National’s gaming leadership will change the industry.”

Mr. Snowden concluded, “As we continue to execute on our omnichannel strategy, we plan to remain focused on our efforts to de-lever our balance sheet while building on our long-term progress in expanding operating margins at our regional casinos. As previously announced, our goal is to achieve a lease-adjusted net leverage level of 5.0x by the end of 2020.”

Transaction Details
Penn National’s initial investment for 36% of the equity of Barstool Sports is comprised of approximately $135 million in cash and $28 million in shares of non-voting convertible preferred stock. After three years, Penn National will increase its ownership to approximately 50% with an incremental investment of approximately $62 million, consistent with the implied valuation at the time of the initial purchase.

Under the terms of the agreement, Penn National has immediately exercisable call rights, and the existing Barstool Sports shareholders have put rights exercisable beginning three years from closing, for the remaining Barstool Sports shares based on a fair market value calculation to be performed at the time of exercise. Penn National also has the option to bring in another partner who would acquire a portion of Penn National’s shares of Barstool Sports. Penn National will have customary governance rights, including initially two seats on Barstool Sports’ seven-member board of directors.

Following the close of the transaction, entities affiliated with The Chernin Group, which previously owned approximately 60% of Barstool Sports, will own 36% of Barstool Sports, and the remaining 28% will be held by Barstool Sports’ employees, including Mr. Portnoy and Ms. Nardini.

The Company expects to close the transaction in the first quarter of 2020, subject to customary closing conditions set forth in the purchase agreement.

Penn National Gaming will host an analyst day in June to discuss the Barstool Sports transaction further and expand upon the Company’s omni-channel vision for the convergence of sports betting and casino gaming.

Conference Call and Webcast
Penn National will host a conference call and simultaneous webcast today, Wednesday, January 29, 2020 at 8:00 a.m. ET to review the Barstool Sports transaction, share the Company’s vision for sports betting and iGaming, and host a question and answer session. To access the conference call, interested parties may dial www.pngaming.com. During the conference call and webcast, management will review a presentation which can be accessed at www.pngaming.com. A webcast replay will be available for 90 days following the live event at www.pngaming.com. Please call five minutes in advance to ensure that you are connected. Questions and answers will be taken only from participants on the conference call. For the webcast, please allow 15 minutes to register, download and install any necessary software.

# # #

About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. The Company operates 41 facilities in 19 jurisdictions. In total, Penn National Gaming’s facilities feature approximately 50,500 gaming machines, 1,300 table games and 8,800 hotel rooms. The Company also offers social online gaming through Penn Interactive and has a leading customer loyalty program with over five million active customers.

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 approximately 66 million 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.

Barstool Sportsbook Locations Las Vegas

About The Chernin Group
The Chernin Group was founded as a holding company to acquire and operate direct-to-consumer brands in media and tech. After a decade building consumer businesses, The Chernin Group management team formed TCG – a multi-stage investment firm based in Los Angeles and San Francisco. TCG’s portfolio includes digital media, commerce, marketplaces, sports, gaming, consumer finance, and health and wellness brands and platforms.

Forward-looking Statements
All statements included in this press release, other than historical information or statements of historical fact, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company’s investment in Barstool Sports and the related transactions, the Company’s online strategy, the potential benefits of the investment in Barstool Sports, including the benefits for the Company’s online and retail sports betting and iCasino products, the expected financial returns from the transaction with Barstool Sports, including reductions in customer acquisition and promotional costs, the projected closing date of the investment in Barstool Sports, the Company’s ability to repay debt in 2020, are subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, Penn National 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: (a) the Company may not be able to achieve the expected financial returns due to fees, costs and taxes in connection with the Company’s roll out of its own online and retail sports books and iCasino products; (b) states may not pass legislation approving online and retail sports books and iCasino products; (c) the closing of the transaction with Barstool may be delayed or may not occur at all, for reasons beyond our control; (d) the ability to satisfy the closing conditions to the transaction in a timely basis or at all; (e) the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976; (f) potential adverse reactions or changes to business or regulatory relationships resulting from the announcement or completion of the transaction; (g) the outcome of any legal proceedings that may be instituted against the Company, Barstool Sports or their respective directors, officers or employees; (h) the ability of the Company or Barstool Sports to retain and hire key personnel; (i) the impact of new or changes in current laws, regulations, rules or other industry standards; (j) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the Company and Barstool Sports to terminate any of the transaction agreements between the companies, and (j) other risks, including those as may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). For more information on the potential factors that could affect the Company’s financial results and business, review the Company’s filings with the SEC, including, but not limited to, its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. 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.

CONTACTS:
General Media Inquiries:
Eric Schippers, Sr. Vice President, Public Affairs
Penn National Gaming

Kelly Martin, Head of Talent Relations and Communications
Barstool Sports
Kelly.Martin@barstoolsports.com

Barstool Sportsbook Locations

Financial Media and Analyst Inquiries:
Justin Sebastiano, Sr. Vice President of Finance and Treasurer
Penn National Gaming

Joseph N. Jaffoni, Richard Land
JCIR
212-835-8500 or penn@jcir.com