As soon as gaming company Penn National bought a 36% stake in Barstool Sports earlier this year, we knew a betting app wouldn’t be far off. According to Barstool CEO Erika Nardini, the app is aiming to launch before the NFL season kicks off in September.
In addition to the betting app, the Barstool brand will be featured in all Penn National mobile platforms and brick-and-mortar sportsbook locations throughout the country. The largest retail casino operator in the U.S., Penn National owns 41 gaming venues in 19 states.
Between Penn’s national presence and Barstool’s overall impression, it’s reasonable to expect their new wagering platform to offer immediate competition in the online gambling marketplace.
“Everyone at Barstool will be using the Barstool Sportsbook. We’re going to be talking about it all the time online,” Nardini said in an interview with FOX Business Network. “We’re going to have a hand in creating the parlays and thinking about the bets. We’re going to have some fun with it.”
Penn’s stock is up nearly 30% in 2020 behind their purchase of a 36% stake in Barstool and has almost fully rebounded from a plummet after sports abruptly shut down in March.
While Barstool and Penn hope the app’s launch coincides with an unprecedented time in the sports world featuring the NBA, MLB and NFL in action all at once, Nardini isn’t worried about those leagues potentially being paused again by COVID-19. Barstool’s CEO noted that “bettors will bet on anything.”
“They’ll bet on the ponies, they’ll bet on hockey, they’ll bet on tennis,” Nardini added. “Tennis is the second-largest betting pool on the planet, so there’s so much betting activity around tennis. You’ll find people betting around Bulgarian soccer. Bettors will find most anything to bet on.”