1. Barstool Sportsbook Promo Code
2. Barstool Sportsbook Michigan

Barstool Sportsbook - Best Sports Betting App - Coming Soon Stay connected and be the first to know when we launch in your state. Provide your contact information and we will update you on upcoming launches and events for the Barstool Sportsbook. Barstool Sportsbook operated by Penn National Gaming, Inc. And licensed subsidiaries. Barstool Sportsbook Revenue Opening Weekend. According to figures released by Penn, the Barstool Sportsbook took $11 million in handle on its first live weekend. The average first-deposit amount was said to be approximately $243. Barstool Sportsbook Illinois FAQ When will the Barstool Sportsbook in Illinois go live?

• Barstool has a larger digital audience and social following than any company involved in the sports betting space. And Barstool Sports Advisors is your one-stop shop for all sports betting hits and misses. With a weekly long-form episode, and shorter mid-week episodes during Football season, El Pres and Big Cat put in their bets for the week.
• Barstool Popular in Michigan. The Barstool Sportsbook is available in just Pennsylvania and Michigan at this time, but it could be available in as many as 10 states by the end of 2021. Penn National launched Barstool in Pennsylvania after that market was already extremely competitive, making it hard to.

BofA Securities is out with an early, positive reaction to the Barstool Sportsbook app after its opening weekend in Pennsylvania.

The Penn National Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming (NASDAQ: PENN) and raised the price target from $59.75 to $85.

Barstool Sportsbook: The Barstool Sportsbook app was the No. 1 sports betting app and the No. 1 sports app in the Apple Inc. (NASDAQ: AAPL) App Store during the company’s weekend launch. Barstool founder Dave Portnoy took to Twitter to show off the No. 1 spot for the app.

“Our initial impressions are positive given the app’s ease of use and leverage of the Barstool brand to create a unique interactive experience,” BofA's Kelley said in a Monday note. “We think the app targets more of a casual bettor than competitors.”

In its first two days of availability, the Barstool Sports app was downloaded 29,000 times. That is four times higher than the number of downloads that FanDuel and DraftKings Inc (NASDAQ: DKNG) saw after their launch, the analyst said.

The Barstool Sportsbook app was downloaded 23,000 times on Saturday, which is higher than any single day for rivals FanDuel and DraftKings, he said.

The app maintains a 4.9-star rating, making it the top-rated sportsbook.

“Penn’s ability to drive conversion from downloads to deposits and deposits to bets/revenue is the next critical step,” Kelley said.

BofA's Penn National Price Target: The increased price target comes from the initial success of the Barstool app and the rise in DraftKings shares, the analyst said.

“We roll forward to 2022 estimates and assign a higher multiple to sports and iGaming following the recent move higher in DraftKings,” the analyst said.

BofA's price target is based on a 12x EV/EBITDA multiple on estimated 2022 earnings and 8.5x revenue on sports betting/iGaming.

“Most consumer growth stocks trade at double digit EBITDA multiples,” Kelley said. “Factor in Penn’s leverage, small size, retail base, momentum and short interest and it's easier for us to see additional upside.”

Barstool Sportsbook Promo Code

PENN Price Action: Shares of Penn National were trading down 0.55% at $70.21 at last check Monday.

The stock hit a new 52-week high last week of $76.62 ahead of the Barstool Sportsbook launch.

Barstool Sportsbook Michigan

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