Stardust Casino to Be Launched in Pennsylvania and New Jersey

Old Photo of the Stardust Sign in Las Vegas

The legendary gaming brand Stardust Casino will be resurrected as an online gaming option in Pennsylvania.

This was announced on Monday by a group led by Boyd Gaming and FanDuel. Pending regulatory approvals, the consortium plans to launch its online platform in April. At the same time, it was also announced that FanDuel’s Betfair Casino in New Jersey will be rebranded to the Stardust name.

A single Stardust App will be used for both states. This will be available via IOS, Google Play, and the website stardustcasino.com It will feature a wide range of slots and table games, including a live dealer version of those.

Said Keith Smith, President and Chief Executive Officer of Boyd Gaming:

“For nearly 50 years, the Stardust was one of the most famous casinos on the Las Vegas Strip. And while the resort has been gone for more than a decade, the Stardust brand is still as well-known and popular as ever. We are excited to work with our partners at FanDuel to launch our first real-money online casinos and are confident this legendary brand will give us a significant advantage in connecting with players looking for a distinctive online gaming experience.”

15th iGaming Platform in Pennsylvania

If no other iGaming platform launches between now and April, the Stardust online casino will be the 15th of its kind in Pennsylvania after BetMGM launched its Borgata brand last month.

Boyd Gaming owns the Valley Forge Casino Resort in Pennsylvania through which FanDuel operates an online platform that accommodates sports betting and casino games. That FanDuel site is expected to be retained while the Stardust online casino, which will operate without a sportsbook, uses a second iCasino skin belonging to Boyd Gaming.

Boyd’s First Venture in Online Gaming Industry

Founded in 1975, Boyd Gaming has a total of 28 gambling properties across 10 U.S. states. But despite its casino operations being geographically diversified, the Stardust Online casino is Boyd Gaming’s first venture in the online gaming industry.

Boyd Gaming owns 5% equity in the FanDuel Group so there was no surprise why it picked the sportsbetting operator as partner for this new endeavor. FanDuel’s proprietary front-end, apps, and player management system will be used in the Stardust project and those will be linked to Boyd’s B Connected player loyalty program.

One of Las Vegas’ Most Iconic Casinos

The Stardust was one of Las Vegas’ most iconic casinos and it played a big part in Las Vegas being branded as “Sin City”. Conceived by Italian-born businessman Tony Cornero who was a gambling entrepreneur during the 1920s to 1950s, Stardust began construction in 1954. After Cornero died in 1954, the unfinished casino changed ownership several times before Rella Factor acquired the resort and finished the project. The Stardust finally opened in 1958.

In 1985, the Strip property was bought by Boyd Gaming and kept ownership until 2006 when the Stardust was closed. Boyd revealed plans to build a $4.8B resort called Echelon Place on the former Stardust site but the Great Recession ended its ambitions. The former Stardust site remained a vacant lot until it was bought by the Genting Group in 2013 as the site of its Resort World Las Vegas property.

Casino Closures Cause Major Dip in PA’s Gambling Revenue

Casino in Pennsylvania

Pennsylvania is home to one of the largest gambling industries in the United States. Unfortunately, this industry has been suffering due to the events unfolding around the world. Most recently, the state-ordered casino shutdowns have led to a major dip in PA’s gambling revenue.

Now is a perfect time to talk about how much money the casinos in Pennsylvania have lost recently. It’s been a tough past few months for the gaming companies operating here.

Let’s take a look at what exactly is going on here.

Will the Casino Industry in Pennsylvania Close Down Again?

Back in March, the entire US casino industry experienced something unprecedented. Due to the global pandemic, state leaders forced all of the casinos around the country to shut their doors. This was devastating in the areas that rely on these casinos for money and employment.

Places like Las Vegas certainly fit that bill. As most know, this is the world’s largest casino destination. It relies heavily on its tourism industry, which all but stopped completely when the casinos were forced to close their doors.

It took months for the casinos in the city to reopen. When they did, these venues were met with extremely low tourism figures. Even today, nearly a year after the casinos were forced to close, tourism figures in Las Vegas remain low.

Smaller gambling hubs like Pennsylvania felt the effects of these regulations, too. The casinos here were finally able to open again over the summer. In December, state leaders once again forced the casinos to shut their doors. They have since reopened.

Some fear that the casinos in this state may be forced to shut down once again. An order like this one could have irreversible effects on the gambling industry here. Fortunately, this has not yet been mandated by any state leaders.

We’re now beginning to hear just how devastating 2020 was for the gambling companies in this state. Here’s a look at how badly these companies were hurt.

PA’s Gambling Revenue Dropped by 20% Last Year

Every single state has been experiencing drops in gambling revenue over the past twelve months. Some are seeing larger dips than others. We are now beginning to hear how much money the different gambling platforms over in Pennsylvania managed to bring in during 2020.

According to new reports, PA’s gambling revenue fell by an astounding 20% over the course of the year. That is when compared to 2019. Certain gambling options here managed to perform better than others.

The state’s casinos, sports betting operators, and DFS platforms managed to bring in $2.65 billion throughout 2020. That’s a significant drop from the $3.5 billion earned in 2019. Obviously, the gaming industry operators here has reason to be concerned.

Pennsylvania’s casinos themselves brought in $2.4 billion in 2020. Fortunately, the state’s online casino platforms have helped to make up some of the losses. These internet casinos actually saw an increase from just $34 million in 2019 to an incredible $566 million in 2020.

As you might expect, the gambling companies here are focusing more on their online gambling platforms. This is the safer industry at this stage for these companies. Hope is that we see the land-based casinos here experience larger revenue increases over the next six months.

It’s a very interesting time for the entire country’s casino industry. Sports betting is helping to bring many states, including Pennsylvania, some much-needed revenue right now. Which states will we see legalize and regulate this form of gambling in 2021?

More States Plan to Regulate Sports Betting in 2021

It’s been amazing to see how quickly the US sports gambling industry has grown in just a few short years. It wasn’t until 2018 that states were legally able to provide sports betting options. Now, less than three years later, more than half the country has a regulated sports betting industry up and running.

Even states with a historically anti-gambling stance over the years are beginning to embrace this industry. That includes places like North Carolina and New York. Officials here can’t ignore the massive revenue potential industry any longer.

It appears that several more states are set to legalize sports betting in 2021. This is likely to be the biggest year for the industry so far. We could see some of the most populated states in the country finally embrace this industry.

Many are hopeful that California decides to embrace the sports betting industry this year. For years, state leaders and tribal casino owners have been negotiating on a way to allow sports gambling. There seems to be some progress being made and many are excited to see things come together.

Oklahoma is in a similar position. This state is home to a massive number of tribal casinos. State officials are actively working with the owners of these venues on ways to offer legal, regulated sports betting options.

PA’s gambling revenue is already increasing thanks to the state’s sports betting platforms. Which states do you think will legalize this industry in 2021? Let us know in the comments section below!

Here’s What We Know About Philadelphia’s Newest Casino!

New Philadelphia Casino

Pennsylvania is now home to one of the largest gambling industries in the United States. Here, a huge number of world-class casinos are currently up and running. Today, we’re going to talk about the details surrounding Philadelphia’s newest casino.

Many were surprised to see this gambling venue opening its doors. It comes at a difficult time for the entire US gambling industry. Hope is that this property helps to boost gaming revenue in the state of Pennsylvania.

Let’s get into it!

Pennsylvania’s Gambling Industry Continues to Expand

Just a couple of decades ago, Nevada was thought to be one of the only major gambling hubs in the United States. Things have changed in a big way since that time. Today, nearly every state in the country has at least some kind of gambling industry up and running.

Pennsylvania has recently begun to expand its number of gaming options. Perhaps the biggest move came after the US Supreme Court struck down PASPA in May of 2018. Immediately after this decision, Pennsylvania formally legalized sports betting.

Here, both land-based and online sports betting is available. This industry is now helping to bring the state of Pennsylvania an incredible amount of money every single month. More of the world’s biggest sports betting companies are now working hard to break into the state’s market.

The casino industry here has been expanding recently, too. There are now 14 traditional casinos operating in the state. Pennsylvania also operates a huge number of popular mini-casinos. More are slated to open their doors over the next few years.

2020 proved to be an extremely difficult year for the casino industry in Pennsylvania. Of course, gambling companies benefited from the ability to offer casino games online. Hopefully, 2021 proves to be a more successful year for the industry.

For years, news has been surfacing about a new gambling venue opening its doors in the city of Pennsylvania. This week, this casino will finally open to the public.

Looking at the Details of Philadelphia’s Newest Casino

Prior to 2020, gambling revenue in Pennsylvania was rising steadily. The casinos here were proving to be hugely successful and many companies were pushing to open new properties here. Many of these companies have wanted to open one of these venues in the city of Philadelphia.

That includes Cordish Gaming, one of the largest gambling companies on the East Coast. Cordish Gaming owns and operates several popular casinos around this area of the country. Recently, this company has been constructing the Live! Casino and Hotel Philadelphia.

On Saturday, this exciting new property is finally set to open its doors. This $700 million casino is located in Philadelphia’s Stadium District and will hold several open sessions for those making reservations. It’s a sort of test for the owners to see how the casino operates.

Beginning on February 11, this property will officially open to the public. Reservations will not be needed at that time. That gives residents in the city the option to play any of the casino’s 2,100 slot machines and 121 table games.

Joseph Weinberg, chief executive officer of Cordish Gaming, spoke about his excitement in opening this property this week. He claims it will help to significantly boost gaming revenue throughout the state.

“We have the ability to not only attract people from Pennsylvania and New Jersey but from a much wider market area,” Weinberg said. “This is the only place in the country where you have a major resort casino and four major-league sports teams all in one location, so we think this will really attract people from all over the country to come for sports entertainment and gaming.”

Obviously, there are intense safety regulations set inside this casino. Many hope that with effective vaccine distribution, the casinos here will see their visitation rates increase. Stay tuned for more revenue updates over the next few months.

New Jersey Looks to Increase Casino Revenue This Year

Pennsylvania is now known for having a large, successful casino industry. It pales in comparison to the one over in New Jersey, though. Atlantic City is home to some of the country’s biggest casino-resorts.

Like all other major casino hubs, Atlantic City struggled immensely in 2020. Tourism rates here dropped throughout the year. For several months, all of the casinos in this city were completely shut down. Many are now hopeful that 2021 brings about a major change.

Casinos here are doing everything they can to see this change. Many have recently begun offering new, exciting deals to guests. There have also been a large number of new entertainment options becoming available in Atlantic City.

It’s extremely difficult to predict how things will look here this year. As we mentioned earlier, vaccine distribution could help to promote travel around the country. Many are still unlikely to want to visit a crowded casino, though.

It might be years before the casinos here see pre-pandemic levels of revenue. Fortunately, the sports betting industry here is helping to make up for the losses. New Jersey has been seeing consistent sports betting revenue increases for the past few months.

Many analysts are excited to see how things turn out here. Do you plan to visit Philadelphia’s newest casino? Let us know in the comments section below!

Pennsylvania’s Casino Industry is Finally Reopening

Pennsylvania Casinos

The state of Pennsylvania is home to a huge number of casinos. In early December, state officials ordered all casinos to temporarily close their doors. After weeks of being shut down, Pennsylvania’s casino industry is now finally up and running again.

No one knows the impact that these shutdowns will have on this industry in the long-term. Hope is that things bounce back quickly. Now is the perfect time to talk about how casinos in Pennsylvania might fare over the next few months.

Let’s get into it!

Sports Betting Continues to be Profitable for Pennsylvania

Since May of 2018, every single state has been able to set its own laws on sports betting. 26 states have now chosen to regulate this popular form of gambling. Specific regulations towards sports betting differ from state to state.

Most areas of the country are seeing a massive amount of revenue come in from this industry. That seems to be mostly true for the states with regulated internet sports betting platforms. Places like New Jersey are seeing hundreds of millions wagered on sports online every single month.

Lawmakers in Pennsylvania legalized sports gambling almost immediately after PASPA was struck down. The first legal sports wager was placed here in November of 2018. It’s proving to be a very profitable industry for the state each month.

This past November, Pennsylvania saw a total of $492 million in sports betting handle. That was a large drop from the $525 million in sports betting handle seen in October. The state is still seeing significantly more money come in from its sports gambling platforms than many other states in the area.

The casino industry in Pennsylvania isn’t faring quite as well. In fact, lawmakers have been ordering all commercial casinos here to close their doors for the past few weeks. Today, that mass casino shutdown finally came to an end.

Here’s what casino fans in the state can expect.

Pennsylvania’s Casino Industry is Set to Reopen Today

Pennsylvania, like many of the other states in the north-east area of the country, is home to a large and successful casino industry. There is a mix of Native American-run and commercial gambling venues in this state. Several popular “racinos” are also operating throughout Pennsylvania.

In early December, lawmakers ordered all of the commercial casinos to close their doors to the public. Health experts had been calling for this move for months. Eventually, it became clear that the state needed to implement tougher restrictions to cut down on rates of Covid-19.

Today, Pennsylvania’s casino industry was finally given the green light to open its doors again. 13 casinos here can now begin operating. They must all run at just 50% occupancy until further notice.

Despite the difficulties, casino revenue actually increased in Pennsylvania this year. Doug Harbach, a spokesman for the PA Gaming Control Board, spoke about the economic situation here to the media this weekend.

“Even with the decrease in revenue from casinos due to covid-19 closures, it is likely that (the 2020) calendar year will see an approximate 25% increase in the total local share tax revenue from all forms of legalized gambling,” he said. 

2021 is expected to be a much better year for the casino industry in Pennsylvania. All of the casinos here have already been given permission to open back up. With effective health regulations set in place, we could see visitation rates at these properties increase significantly throughout the year.

Nearby Atlantic City is working hard to bring in more gamblers right now. Many analysts expect big things for the popular New Jersey city moving forward.

How Will Atlantic City Fare in 2021?

Pennsylvania is quickly developing a successful casino industry. There’s no doubt that New Jersey still has the biggest casino market on the east coast, though. Atlantic City began opening back up again in July and has been trying to increase its tourism rates ever since.

It hasn’t been easy here. State officials have chosen not to implement another wave of casino shutdowns. Instead, they’ve been slowly ordering more regulations inside these venues. That includes lower occupancy levels and tough rules for casino restaurants and bars.

Fortunately, 2021 is expected to be significantly better than 2020 was for the casino industry here. Several analysts feel that vaccines could help to promote travel as the year goes on. Many will be looking for a fun vacation of gambling and entertainment that can be found in Atlantic City.

No one can say with 100% certainty that things will improve. We learned last year that anything can happen. Even Las Vegas, the world’s largest gambling destination, is still struggling to bring in gamblers.

Casino companies in New Jersey are certainly optimistic. Many have recently begun offering more entertainment options to their patrons. We’ll be sure to offer more updates on how the casino industry is faring over the next few months!

Are you excited to see Pennsylvania’s casino industry open back up? Let us know in the comments section below!

Pennsylvania Casinos Ordered Closed Starting December 12th

Roulette Wheel and Row of Slot Machines
Pennsylvania governor Tom Wolf has ordered the closure of various businesses including casinos in an effort to slow down the out-of-control spread of the coronavirus in the Keystone state.

The closure is set to take effect on Saturday, December 12, 2020, at 12:01 a.m. and will end on January 4, 2021, at 8:00 a.m. The orders are the most drastic since Wolf shut down all non-essential businesses last March at the onset of the pandemic. Aside from casinos, the order also covers indoor restaurant dining, sports activities, gyms, museums, bowling alleys, theaters and other entertainments venues. Likewise, all businesses serving the public will be limited to 50% capacity only.

In a statement, Wolf said:

“With these measures in place, we hope to accomplish three goals. First, stop the devastating spread of COVID-19 in the Commonwealth. Second, keep our hospitals and healthcare workers from becoming overwhelmed. And third, help Pennsylvanians get through the holiday season — and closer to a widely available vaccine — as safely as possible.”

COVID-19 Spread

As in the case with many other states in the U.S., Pennsylvania is experiencing a surge in COVID-19 cases. With its shutdown, Pennsylvania becomes the third state to declare full casino shutdown. Last November 18, Michigan closed all casinos in a move that was first said to be good for three months but now has been changed to indefinitely. Two days after the Wolverine state, Illinois also declared an indefinite shutdown.

One of the fears in Pennsylvania is that the hospitals and health care workers could get overwhelmed. As of Thursday noon,there were a total of 5,877 people hospitalized with COVID-19, the most since the pandemic started. Gov. Wolf is hoping that the three-week shutdown of will slow down the numbers.

Pennsylvania Gaming Was Doing Well

Pennsylvania gaming were doing well despite the earlier restrictions. During the third quarter of 2020, the gross gaming revenue (GGR) from land-based casinos, online casinos, and brick-and-mortar sports betting shops totaled $891.3M which is 3% more than the July-September 2019 figures. Requiring them to shut down again will affect whatever gains they had.

There are a total of 12 Pennsylvania casinos and racinos with a total gaming revenue of $3.38B in 2019. The Philadelphia gaming market ranked 7th among the United States gaming industry’s top markets, per the American Gaming Association’s 2019 State of the States report. Rivers Casino, the only casino within the Philadelphia limits, has been closed since November 20. With the governor’s new orders, the other Philadelphia area casinos including Parx and Harrah’s Philadelphia will now be closed as well.

Penn Gaming Launches First Retail Barstool Sportsbook in U.S.

Penn National Gaming
Penn National Gaming has launched its first ever Barstool Sports-branded retail sportsbook in the United States. The sports betting shop opened on November 5, 2020 at PNG’s Ameristar Casino Resort Spa Black Hawk in Pennsylvania.

Situated at the second floor of the Pennsylvania casino, the retail sportsbook features sports betting kiosks and ticket-writing stations. It is equipped with a video wall and odds boards that allow customers to watch sports events and get up-to-date betting odds.

Saind PNG president and chief executive officer Jay Snowden:

“This will be the first of many new retail locations for Barstool Sportsbooks at our casinos nationwide. Each will incorporate several features that reflect the spirit of the Barstool Sports brand, resulting in unique sports betting experiences that we expect our customers will thoroughly enjoy.”

Record Earnings in Q3

The full opening of the retail sportsbook at the Pennsylvania casino comes after a series of testing that began last September. PNG is also planning to put up Barstool Sportsbooks in other states across the United States.

It also comes after PNG reported record earnings for the third quarter of 2020. Although the revenue declined by 16.6% versus the previous year, it was a huge improvement from the figures of the second quarter of 2020 which saw a decline of 76.9% to $305.5M versus 2019.

Penn National Gaming reported a total revenue of $1.13B in Q3 with net profit for the period amounting to $141.2M which was 223.1% better. $993.6M of the revenue came from gaming including a $29M wagered on the Barstool Sports app during the month of September. The Pennsylvania sports betting market as a whole brought in $6.3M in September.

Exclusive Partnership

Last January, Penn National Gaming entered into an exclusive sports betting and online casino partnership with Barstool Sports. The deal included PNG acquiring a 36% stake in the digital sports media company. That stake was worth $163M and and it made PNG as the exclusive gaming partner of Barstool Sports for up to 40 years.

PNG has the option to bring in another partner to buy a portion of its shares in Barstool. In addition, Penn National was given customary governance rights including two seats at Barstool Sports’ current seven-man board.

The agreement also gave PNG the sole rights to use the Barstool brand for all its online and retail sports betting and online casino products. PNG started by taking over the brick and mortar sportsbooks and started developing a mobile product in cooperation with Kambi.

WSOP Launch in Pennsylvania Pushed Back To Early 2021

Poker Cards and World Series of Poker Logo
Pennsylvania online poker players were excited about the possibility of having the popular WSOP platform in the Keystone State. However, a representative from Caesars confirmed that the reported WSOP launch has been pushed back to early 2021.

The WSOP’s site now has a page advertising signup bonuses for real money online poker players in Pennsylvania. 888 has also began sending promotional emails to potential customers in the Keystone State. But despite these welcome developments, 888 still has some matters to address before a full launch.

Issues That Need to Be Settled

There are however a couple of PA-related issues that need to be settled. One of those involved the need for WSOP to establish a separate server for the Pennsylvania site as per regulatory requirements. The other issue involves the question of whether or not the WSOP can share player liquidity with its other sites in different states. 

It’s uncertain right now whether the WSOP wants an interstate compact already in place before its Pennsylvania launch. But that is definitely a plus for the WSOP because PA players can play against larger fields including players from other states. With these compacts in place, WSOP players in Nevada and New Jersey were able to compete against each other for WSOP online bracelets last summer.

Pokerstars Finally Has a Competitor

Earlier this month, the Pennsylvania Gaming Control Board approved 888 Holdings’ application for an interactive manufacturer’s gaming license in the Keystone State. The move came after the online poker market in the United States posted record revenue numbers in the previous months. 

888 is a longtime online poker partner of Caesars and is a solutions provider to the popular World Series of Poker  or WSOP.com. With the approval of its license, WSOP.com online poker could be launched in Pennsylvania. 888 and Caesars officials refused to comment on when they will actually launch in Pennsylvania but rumors are pointing at early 2021 as their targeted date.

The entrance of 888 in the Keystone State means that Pokerstars will finally have a competitor. Since its launch in 2019, Pokerstars has been the only real money online poker site in Pennsylvania. Despite the pandemic, Pokerstars registered a revenue of $2.7M in August and $2.9M last month. 

 

5Dimes Agrees to a $46.8M Settlement With Feds

Man Handing Out Money With a Sportsbook Background
Costa Rica-based sportsbook 5Dimes had reached a $46.8M settlement with the United States government after a money-laundering investigation.

According to sources who obtained a copy of the settlement agreement with the U.S. District Attorney’s Office for the East District of Pennsylvania, 5Dimes agrees to pay the U.S. government $15M in cash while also forfeiting more than $30M of assets.

The deal also absolves Laura Verola of any criminal conduct alleged against 5Dimes, stating that she did not have authority of the sportsbook’s operations. Verola is the widow of 5Dimes founder Sean Crighton. She assumed responsibility for 5Dimes’ assets after her husband was kidnapped in 2018. Crighton was later found dead one year later.

Said Maria M. Carillo, assistant U.S. Attorney for the Eastern District of Pennsylvania:

“We achieved the objective, which is, she is compliant with U.S. federal law right now. What that means for her is she is not operating in violation of U.S. law, and she is not actively taking bets from U.S. bettors. Whether she’s positioned well for regulators, that’s up for the regulators to decide. 5Dimes certainly is no longer in violation of federal law.”

Pursuing A U.S. License

Likewise, 5Dimes also agreed stop accepting bets from customers in the United States while operating with a Costa Rican license. This part of the settlement explains why 5Dimes announced last month that they would stop taking wagers from U.S. customers starting October 1st.

The non-prosecution agreement also allows 5Dimes to expand to pursue a U.S. license and expand to the legal sportsbetting market in the United States. Per the settlement, Varela has made “significant changes” to 5Dimes’ operations that would make it qualified to participate in lawful gaming operations across the word.

Federal Investigation

West Virginia native Creighton founded 5Dimes sometime around the year 2000, when legal sportsbetting still did not exist in the United States. It grew to become one of the most popular US sportsbooks that took bets from American customers and eventually caught the attention of federal investigators.

5Dimes used third-party payment processors to accept illegal wagers from U.S. customers. The District Attorney’s Office said that third parties processed the sportsbook’s credit card transactions that concealed the nature of charges. The payment processors then transferred the credit card proceeds to bank accounts of shell companies operated by Creighton.

Verola’s Cooperation

In 2016, the Eastern District of Pennsylvania Attorney’s Office in cooperation with the Department of Homeland Security conducted an investigation on 5Dimes for money laundering. In the seizure warrant filed before the U.S. District Court, agents detailed how they believe 5Dimes instructed U.S. sports bettors to use gift cards as a way to place bets. Creighton was never formally charged but the investigation continued for years.

Verola’s attorney’s contacted the East District of Pennsylvania in 2019, and offered her cooperation to resolve the case. According to the settlement, she helped retrieve Creighton assets which were forfeited in favor of the Federal government. These include gold coins, cryptocurrency, funds from the sale of season tickets to the Pittsburgh Pirates, and West Virginia college basketball and football, and a George Mikan rookie basketball card which he purchased for $400,000.

Barstool Sportsbook App Makes A Splash in Pennsylvania Launch

Icon Displaying Variety of Sports, Hand Holding Cash
Penn National Gaming’s Barstool Sportsbook app shattered download marks by DraftKings and FanDuel over the weekend. The much-publicized sports betting app created by Penn National and Barstool Sports had a three-day soft launch in Pennsylvania last week before going live during the weekend. Preliminary data on Pennsylvania sports betting were very impressive.

Better Opening Numbers Than FanDuel and DraftKings

According to market intelligence firm Sensor Tower, the Barstool Sportsbook app was downloaded 63,000 times during the weekend or an average of 21,000 downloads per day. The numbers are significantly higher than the 4,000 downloads that DraftKings got during its first weekend in 2018 and its single-day high of 15,000 downloads during the opening of the NFL earlier this month.

Similarly, the Barstool Sportsbook app’s weekend numbers topped FanDuel’s inaugural weekend total of 9,000 downloads during the opening weekend of the 2018 NFL season. FanDuel established a single-day high of 19,000 downloads last September 13 as the NFL’s 2020 season opened but Barstool’s 21K downloads per day last weekend was still better.

Expanding The Industry

Per Morgan Stanley analyst Thomas Allen, the app’s downloads started out “extremely strong” yet the download numbers for its competitors didn’t seem to slow “meaningfully”. That bodes well for Pennsylvania sports betting as Allen notes that the Barstool Sportsbook app isn’t “cannibalizing” the industry but merely expanding it.

Allen downgraded Penn National and DraftKings last month from overweight to “equal-weight”. The Morgan Stanley analyst cited valuation as the reason for the downgrade with both stocks going sky-high this year. DaftKings went public last April and as of Monday’s closing, the stock had risen 194% since then. Meanwhile, Penn Gaming had a gain of 416% during the same period.

Too Early To Tell

Obviously, it’s too early too tell whether Penn Gaming’s new app will become a national force. Sure, Pennsylvania sports betting is a major wagering market but it is only one state. Penn Gaming plans to launch in several states in the first quarter of 2021. DraftKings and FanDuel are etched in the other states as well with other major competitors like BetMGM, William Hill, FoxBet, and PointsBet contending for market shares as well.

Barstool’s launch was well-timed and it debuted in a mature betting market. On the other hand, DraftKings and FanDuel launched without the same fanfare and before the U.S. Supreme Court thrashed the Professional and Amateur Sports Protection Act of 1992. Despite these apples to oranges comparison, there is no question that the Barstool Sportsbook app made a splash during its opening weekend.

Philadelphia Eagles Announce Sponsorship Deal With FOX Bet


Tuesday saw another professional sports team in the U.S. sign a deal with a gambling company as the Philadelphia Eagles signed a multi-year sponsorship agreement with FOX Bet. The deal was announced on Tuesday via the Eagles website.

Said Fox Bet CMO Andrew Schneider:

“FOX Bet enhances the fan experience in a big way, and this is a fanbase that knows and appreciates big things. They’re passionate, tough and willing to do whatever it takes to win. To connect our offering to this one-of-a-kind fanbase is a game-changer. Eagles fans are going to love this, and we’re honored to have this association with a team that is primed for a successful 2020 season.”

Sponsorship Agreement

The sponsorship agreement involves broadcast, digital, and social media advertising on all team channels, custom promotions, and a strong branding presence during Eagles’ games. The deal also includes messaging on the stadium’s LED and end zone boards. FOX Bet signages will also be placed on the concourse levels

FOX Bet will also serve as the presenting sponsor of Eagles Edge, which is a new program that airs on the team’s digital channels after each of their games. Filmed on game days when the Eagles are playing at Lincoln Financial Field, this series will be broadcast via the Eagles Official YouTube Channel, Eagles Official Mobile App, PhiladelphiaEagles.com, Eagles social media channels, and the team’s other digital channels.

Premium Lounge and Interactive Studio

The Eagles also revealed that it includes the construction of a FOX Bet-branded premium lounge and interactive studio at Lincoln Financial Field. The lounge will feature exclusive content across all platforms and will be presented by Eagles on-air personalities, Eagles Legends, and FOX Bet contributors.

Once fans will be be allowed to watch the games, the lounge will be open to ticketed guests on game day. The 4,000 square-foot studio can accommodate up to 380 persons. Guests will enjoy all-inclusive food and beverage options. They will also be entitled to behind-the-scenes premium access, prime locations to watch player arrivals, and live post-game press conference. Fans can access the studio two and a half hours before kickoff and one hour after post-game.

Betting-related deals in the NFL

The Eagles are the second professional sports team to sign a sponsorship deal with FOX Bet. Last year, the Philadelphia 76ers also entered into a multi-year sponsorship contract with FOX Bet.FOX Bet is a mobile casino that was formed from the partnership between The Stars Group and Fox Sports.

Since the NFL cleared its clubs to sign betting-related deals last spring, some NFL teams have been busy making deals. The Denver Broncos have signed pacts with BetMGM, Betfred, and FanDuel. The Detroit Lions also have a deal with BetMGM. Likewise, the NFL has inked betting partnership contracts with BetCris, 888Holdings, and SkyBet.