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Barstool Helps Penn Record

    • Penn National shares gained more than 6% last week.
    • This article was first published in the FOS Daily Newsletter. Subscribe here.
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Penn National Gaming’s Barstool Sportsbook grabbed 7% of another record-setting month in Pennsylvania sports betting. In September, Pennsylvania broke its previous record — set in August — by 26.8% with $462.8 million in wagers. 

Despite launching on Sept. 18, Barstool Sportsbook handled the fourth-most money by a sportsbook operator in Pennsylvania, taking $32.3 million in bets. Penn National shares gained more than 6% last week. The company plans to have the sportsbook app active in every legal betting state by the end of 2021, starting with Michigan next month.

States are topping their August records as the already-busy sports schedule welcomed the sports betting king last month: the NFL.

September Records:

  • New Jersey — $748.6 million (all-time record for any state)
  • Indiana — $207.5 million
  • Illinois —$139.8 million
  • Colorado — $128.6 million
  • West Virginia — $76.9 million
  • Iowa —  $72.4 million
  • Michigan — $33.5 million
  • Oregon — $26.2 million
  • Washington, D.C. —$3.3 million

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