Penn National Gaming CEO Jay Snowden credited the success of the Barstool Sportsbook app, in part, for the company’s first profitable quarter of its fiscal year. He also said the company is considering creating Barstool-branded sports bars.
The company reported net income of $141.2 million in its fiscal third quarter on $1.13 billion in revenue. Snowden said the app, which was launched in Pennsylvania on Sept. 18, will be a larger driver of company revenues once more states give regulatory approval.
Pennsylvania is currently the only state where users can legally place sports wagers using the Barstool Sportsbook app, but it still has been downloaded more than 310,000 times nationally. In the first 37 days after it launched, it generated an overall handle of $78 million.