Penn National Gaming seems to have found a betting partner and media brand in the form of Barstool Sports. After acquiring a 36% stake of the sports media giant, Penn National is expected to launch the Barstool Sportsbook within 2020.
For more details on mega-deal and an overview of what to look forward to, read the Barstool Sportsbook review below.
Barstool Sportsbook Overview
Barstool Sports recently sold 36% of their sports media empire to Penn National Gaming for $163 million in cash and stock. The deal will see Penn National increase its stake over the next three years to 50% for an additional $63M.
With the purchase, Penn bought exclusive rights to use the Barstool Sports brand for any online or retail sportsbooks.
There has been no exact date disclosed for the launch of a Barstool Sportsbook, however, Q3 of 2020 is the target. With millions of subscribers and a free-to-play online betting site already active, Barstool will start with a huge advantage.
Having Penn National as a partner will help even further, as the brand holds 41 gaming properties in 19 states.
Barstool Sports was founded by David Portnoy in 2003. It has since become one of the biggest sports and pop culture media outlets in the US.
What sports will be covered at the Barstool Sportsbook?
While the exact sports available haven’t been revealed, our Barstool Sportsbook review will take a look at what’s expected. Being American-based sportsbooks, Barstool will most likely focus on top US sports.
Popular leagues such as the NFL, NBA, NHL, MLB, UFC and NCAA should all be featured on the site. In addition, popular international sports such as tennis, soccer, rugby, and golf will likely also be available.
Which betting markets will be available at the sportsbook?
Our Barstool Sportsbook review expects Barstool to host a large selection of betting options. Odds for the bookmaker should fall in line with market averages, competitive with all major sports betting sites. Some of the most likely bet types to be included by the sportsbook are:
- Point Spreads
- Prop Bets
Will a Barstool Sportsbook Mobile App be available?
Our Barstool Sportsbook review expects a mobile app version of the platform to be available on both iOS and Android. Kambi Gaming will likely power the app, with long-standing ties to Penn National. A free-to-play app is currently available at Barstool which you can try out.
The Barstool Sportsbook app should allow bettors to login and place wagers from anywhere within state boundaries.
Geo-location technology will be required to be installed to ensure users don’t play in restricted areas. Likely features available on the app include live betting, customer support, and quick deposits.
Is there a Barstool Sportsbook Bonus?
A Barstool Sportsbook bonus should be available to new players who join the operator. Welcome bonuses at sportsbooks are most commonly offered in the form of deposit bonuses or free bets.
A free bet gives users a risk-free wager which can be used on certain betting markets. Deposit bonuses, on the other hand, reward users with bonus cash based on the amount they deposit. To acquire either type of Barstool Sportsbook bonus you will be required to complete registration.
On top of the welcome offer, we expect Barstool to provide a number of weekly and long-term promotions. Promotions will generally give users the chance to pick up bonus money, free bets or insurances on wagers.
To keep up with any new Barstool Sportsbook bonus offers be sure to check back in with our Barstool Sportsbook review.
Will there be a Barstool Casino?
An online casino may be on the cards for Barstool as well. The rights to launch online casino products were handed over to Penn National in the deal. Penn has already said that they are looking to include a Barstool Casino brand which focuses on table games.
Expect more details to come soon as Penn National begins to release more plans for Barstool. Check-in with our Barstool Sportsbook review to keep up with announcements.
Barstool Sportsbook Review Conclusion
This Barstool Sportsbook review concludes that American-based bettors have a lot to look forward to. Barstool should storm into the betting industry with Penn National at its side and an already established brand. Expect competitive odds, a large collection of betting markets and top software provided by Kambi.
Also, be sure to keep a lookout for a Barstool Sportsbook bonus for new customers when the site goes live. Keep an eye on our Barstool Sportsbook review to make sure you don’t miss out.
Are you staying up to date with all the news on Michigan sportsbooks? Make sure to check our review on FOX Bet Sportsbook as well!