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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.
In August 2023, ESPN announced a licensing agreement with Penn Entertainment to relaunch its Barstool Sports-branded sports betting services as ESPN Bet. As this would end ESPN's agreement with Caesars, it was announced that the Las Vegas studio would close, and that Daily Wager would move back to ESPN's headquarters in Bristol, Connecticut ...
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.
Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win ... DraftKings said Monday’s game was the most bet-on college basketball game of all time for the sportsbook.
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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