Disclaimer: Barstool Sportsbook has not yet launched. The review elements of this article are based on other Penn National sportsbooks. The review will be updated after Barstool Sportsbook goes live.
The first Barstool Sportsbook might be making its way to several legal sports betting states, including New Jersey, West Virginia, Indiana or Pennsylvania this year.
Penn National Gaming, the world-renowned operator of racetracks and casinos, recently acquired a 36% stake of Barstool Sports.
Penn National plans to move quickly in the next couple of months to get the brand up and running. Given the importance of New Jersey to most online sportsbook operators in the U.S., it would not be surprising to see the Garden State among the first states to go live.
Other guesses at who will be first revolve around where Penn National has a strong land-based presence. For example, in West Virginia Penn National owns and operates Hollywood Casino at Charles Town Races. Michigan is another focus as Penn National has three casinos within the Detroit area.
Penn National currently operates 14 sportsbooks nationwide. However, the operator wants to expand to 20 sportsbooks by the end of the year. As you can imagine, this makes it rather difficult to pinpoint where the first Barstool Sportsbook will launch.
History of Barstool Sports
Never heard of Barstool Sports until now? Let’s quickly fill you in.
David Portnoy founded Barstool Sports in 2003. It is considered a leading media, entertainment and digital sports platform that provides original content across social, video, radio, podcasts and blogs with support from almost 70 personalities.
The company impresses with more than 66 million unique visitors monthly, including 44% of females and 48% of males of the Generation X and millennial groups within the US.
During 2019, the company grew around 65% and accumulated close to $100 million in revenue, thanks to audio and digital advertising, subscriptions, licensing, events and e-commerce.
Now that you have a better understanding as to why Penn National acquired a chunk of Barstool Sports, it’s time to take a look at what the first Barstool Sportsbook could provide online sports bettors.
To successfully achieve this, we had to evaluate an existing Penn National sportsbook to determine what Barstool Sportsbook could bring to players in terms of welcome bonuses, ongoing promotions, sports coverage and more.
However, the most critical question to answer is when Barstool Sportsbook will launch.
Barstool Sportsbook launch date
The first Barstool Sportsbook will launch in August.
Since the acquisition took place in January, everything is still in the early stages of construction.
According to Jay Snowden, the CEO of Penn National Gaming, Barstool Sportsbook will eventually be available in every state where Penn National Gaming has online sports betting licenses.
Furthermore, Barstool Sportsbook and related brands, including One Bite Pizza, will have a presence on the properties owned by Penn National as well.
Barstool Sports welcome package
Even though Barstool Sportsbook won’t be live until later this year, we can still estimate what the welcome offer will be for newly registered New Jersey users.
We simply look at existing Penn National sportsbooks. Most of the sportsbooks that Penn National Gaming owns and operates provide some promotional offers, such as risk-free bets or match deposit offers.
For instance, most online sportsbooks within the US offer a $500 risk-free bet for newly registered customers. In contrast, others come equipped with a $20 no-deposit bonus along with a 100% welcome bonus, up to $100.
Obviously, these are only guidelines as to what to anticipate from Barstool Sportsbook.
Barstool Sportsbook promo code
|Barstool Promo Code||TBD|
|No Deposit Bonus||TBD|
|Risk Free Bet||TBD|
|Physical Casino Partner||TBD|
|Last Verified||August 2020|
Barstool Sports, a digital sports entertainment platform, has formed a strategic partnership with Penn National Gaming to launch Barstool Sportsbooks in US legal online gambling and sports betting states. As Barstool Sportsbook has not yet launched in NJ, this review is based on existing Penn National sportsbooks based in New Jersey's regulated online sports betting market.
Barstool Sportsbook promotions
Barstool Sportsbook might not accept sports wagers until the third quarter of 2020, which makes it challenging to know what promotions will be on offer once the site does goes live in NJ.
However, by looking at the industry standards and existing online sports betting sites, it does provide some insight.
This promotion usually awards new customers with a $500 — or even $1,000 — risk-free bet after registering a new account.
This promotion usually will match your initial deposit of up to a certain amount and refund any losing bets in the form of a bonus amount.
However, the playthrough requirements on a risk-free bet tend to be quite high.
Also, some sports betting sites release the full bonus amount all at once, while others release it in increments.
Sometimes, risk-free bets are awarded to existing players during specific sporting events throughout the year.
Match deposit offers
If an online sportsbook is not offering a risk-free bet, you can assume that the sportsbook will attract new players with a generous match deposit offer instead.
In some cases, you will even benefit from a no-deposit bonus as well for merely signing up at an online sportsbook.
The no-deposit bonus usually ranges between $10-$30, which gives you free credits to test the software, features, sports coverage and payment options before making your first deposit.
Your initial deposit may include bonus money that could match your deposit amount.
For instance, you will often find a 100% welcome bonus, up to $200. This promo essentially means that you will receive 100% of your deposit amount as a bonus.
So, if you deposit $200 on a 100% match bonus, up to $200, you will receive an additional $200 as a bonus, giving you a total of $400 to enjoy on your account.
Nearly all reputable online sports betting sites offer odds boosts to existing players throughout the year.
Sports bettors should anticipate this at Barstool Sportsbook operating in New Jersey.
The company impresses with several famous personalities in the sports industry that will certainly assist in promoting special odds boosts.
An odds boost promotion essentially gives you improved odds on a specific sporting event that could lead to making more significant profits.
If you are a sports betting enthusiast, you are well aware that sometimes games will conclude as you would never have expected in a million years.
It can occur due to fluke plays, bad calls, weather conditions or even underperforming players.
It’s for this reason that most online sportsbooks provide several variations of bet insurance to ensure you don’t walk away empty-handed on a bad betting day.
We are confident that Barstool Sportsbook will incorporate such a promotion as it decreases your risk of losing everything.
It’s good for business.
Barstool Sportsbook app
The Barstool Bets mobile app currently integrates the company’s portfolio of social media, podcasts, video streaming and blogs. It helps the free-to-play cash contests platform implemented by the Chalkline Sports gaming provider.
When Barstool Sportsbook eventually goes live in New Jersey later this year, its mobile app should transform into a premier sports betting service. The Barstool app should include a selection of sporting events, as well as traditional and exotic wagers.
Barstool Sportsbook is already gaining immense traction in the online betting industry because of its ever-growing, young fanbase across the country.
Another reason is Barstool’s social media presence and the public sports figures who are involved with the brand. It is the major reason why Penn National Gaming decided to acquire such a significant stake in the company. The acquisition could easily provide a 50% growth rate in the next three years.
On the Barstool sports app, you will likely be able to register a new account and payment method so you can bet while on the go. Also, you should be able to claim promotions, enjoy live streaming, take advantage of in-play betting and request withdrawals.
The mobile app will be modern, sophisticated and easy to use. Barstool will be accessible as a web-based application as well, which means no additional download will be necessary.
Barstool Sportsbook sports coverage
As we previously mentioned, Barstool Sportsbook won’t launch until August. However, we can give you insight into its sports coverage by examining other Penn National sportsbooks.
Barstool will be competing with industry giants in the sports betting realm, which is why Barstool Sportsbook will likely offer a diverse selection of games.
Below, is a list of sports that you should find at Barstool Sportsbook:
Each of these sporting events will feature an array of bet types, giving you ample opportunities to profit while wagering at Barstool Sportsbook.
The variety of bet types will include full cover bets, progressive parlays, outright bets, parlays, over/unders, point spread betting and moneylines.
These are the most popular bet types in the US.
Barstool Sportsbook banking methods
Most sports betting enthusiasts want to bet on a site that provides a generous selection of promotions and bonuses, a variety of sports coverage and a modern user interface.
However, none of these features will mean much if you can’t efficiently conduct banking transactions on your account.
It’s for this reason that Barstool Sportsbook will come equipped with an extensive selection of deposit and withdrawal methods. You should be able to transact on your account without any unnecessary hiccups or disappointments along the way.
When we look at other Penn National sportsbooks, we see the following payment methods are available.
Depositing at Barstool should be easy, and will likely not include any additional charges on your payment methods. The minimum deposit is usually $10.
Each of these deposit methods will instantly reflect in your account:
- Bank/wire transfer
- Debit or Credit Cards: Visa, Mastercard and Discover
- Prepaid cards
You will have the same number of withdrawal methods at your disposal when it comes to cashing in your winnings.
However, withdrawals will not be instant. Withdrawing funds sometimes takes a couple of hours or a couple of days, depending on the payment method you choose.
The list of withdrawal methods include:
- Bank/wire transfer
- Credit cards
- Prepaid cards
Barstool Sportsbook customer support
The new sportsbook will undoubtedly feature a customer support desk of professional, helpful and friendly staff. The representatives will assist you with any query or request you have regarding your account.
You can reach customer support through multiple contact channels for added convenience, including:
- Live chat
Barstool Sportsbook customer service center will be available 24/7.
If you don’t feel like contacting support, you can tap the FAQ section. It covers all the common queries, ranging from account registration to claiming a promotion and beyond.