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It originally launched in 2020 as Barstool Sportsbook, in partnership with the then-Penn owned Barstool Sports. In August 2023, Penn sold Barstool back to its founder Dave Portnoy , and concurrently announced a brand licensing agreement with ESPN; the 10-year agreement is valued at $1.5 billion, plus $500,000 in options for ESPN to purchase ...
The company subsequently launched Barstool Sportsbook, a mobile application for sports betting, in Pennsylvania on September 18, 2020. During its first week of operation, it handled $11 million in wagers. In January 2021, the company announced that the Sportsbook would expand to Michigan.
[13] [14] [15] Portnoy re-purchased Barstool in August 2023 for one dollar, non-compete agreements in the gambling space, and a clause that if Barstool were to be sold again Penn Entertainment would take 50%. [16] The “Dave Portnoy Show with Eddie & Co.” was a podcast hosted by Dave Portnoy and Eddie Farrer that aired on Barstool Sports.
Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win over Purdue on Monday night ... At Caesars Sportsbook, ... Shocking snow totals in New York, Pennsylvania, Ohio.
Starting in the fall, Penn's online mobile sports book, formerly called the Barstool Sportsbook, will be named ESPN Bet. Penn initially took a 36% stake in Barstool for $163 million back in 2019.
Dave Portnoy, owner of digital media outfit Barstool Sports, said he won $2.76 million on a $600,000 wager that the University of Connecticut men’s basketball team would prevail in the ...
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