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In 2020, Chernin relinquished control of Barstool as part of the Penn National Gaming partnership. Also in 2016, Barstool bought Old Row Sports, another sports blog, for an estimated $10 to $15 million USD. [16] During the week of Super Bowl LI, Barstool broadcast a televised version of The Barstool Rundown live from Houston on Comedy Central. [17]
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 ...
[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.
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.
Barstool Sports CEO Dave Portnoy took to social media after the game to celebrate not only the Wolverines' 27-20 Rose Bowl win, but also the $1 million bet he placed on his alma mater to emerge ...
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