The wait is finally over. After months of anticipation, Barstool Sportsbook & Casino is now live in Pennsylvania.
The online sportsbook and casino launched on September 18, 2020, becoming the first gaming product from Penn National Gaming, Inc. (PENN: NAsdaQ) to go live following the company’s landmark partnership with Barstool Sports.
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Now that Barstool Sportsbook & Casino is live in Pennsylvania, when can residents of other states expect to see the product launch in their markets
The answer to that question is a bit complicated. While Penn National Gaming does have the option to roll out the Barstool Sportsbook & Casino brand in up to 41 states across the country, the timing and order of those launches will be determined by a number of factors.
The most important factor is likely to be regulatory approval. Each state has its own gaming regulator that must sign off on any new gaming products or services before they can launch.
PRO TIP:When it comes to the availability of Barstool Sportsbook & Casino in your state, the best way to stay up-to-date is to regularly check the Barstool Sports website. The site will have the most accurate and up-to-date information regarding which states are currently offering Barstool Sportsbook & Casino services.
The approval process can vary widely from state to state, and some regulators are notoriously slow to act.
Another important factor is market opportunity. While there are many potential markets for sports betting and online casino gaming across the United States, some are more attractive than others.
States like New Jersey, Nevada, and Pennsylvania have proven to be extremely popular for online gambling, while others like Arkansas and Wyoming have very small populations and may not be as lucrative.
Penn National Gaming will also need to secure partnerships with local operators in each state where it wants to launch Barstool Sportsbook & Casino. These partnerships are essential for any gaming company looking to enter a new market, as they provide the necessary infrastructure and expertise to ensure a smooth launch.
So when can residents of other states expect to see Barstool Sportsbook & Casino come to their market The answer is that it depends on a number of factors, but it is likely that we will see the product launch in several new states over the next year or two.
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