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Nov 23, Version 1. Ratings and Reviews See All. Size Category Sports. Compatibility Requires iOS Languages English. Gambling and Contests.
Penn's brick-and-mortar properties will not be where the company creates investor excitement or company growth. It will, however, be the source of funds to pay for the growth projects Penn is orchestrating.
Barstool is a sports media empire boasting 66 million monthly active users, roughly million social media followers, and two of the top 30 podcasts in the country.
Last month, Penn and Barstool jointly debuted Barstool Sportsbook, a digital sports betting app now available in Pennsylvania.
The early success has been astounding. Penn's and Barstool's platform now boasts 48, Pennsylvanian users as of Penn's most recent update.
To fully grasp this accomplishment, we need to understand that Barstool Sportsbook is only open in one state, compared to several states for competing products, and that its product is still very new.
Additionally, Penn spent virtually nothing on external marketing -- the company merely needed to rely on Barstool's gigantic army of fans for the sports-book to enjoy outperformance.
Penn plans to debut its Barstool Sportsbook in Michigan later this year before expanding to more states thereafter.
CEO Jay Snowden frequently reiterated how pleased he was with the profitable growth Barstool is bringing to the table, not to mention the far lower customer acquisition cost compared to alternatives -- that is a winning combination.
Beyond digital sports-books, Penn is actively shifting its brick-and-mortar assets to the Barstool brand, as well as creating new "stand-alone Barstool-branded entertainment destinations in key markets".
This will be instrumental to fully realize the omni-channel potential of this duo. Sept 21 Detroit. Walnut Creek Country Club. Olde Stonewall Golf Club.
What is the Barstool Classic? See Event Dates. Hello Friends. See Results. Barstool Classic Social. The Barstool Classic. And now they celebrate!