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.

South Point Casino in LV Launches Drive-Thru Sports Betting Station

South Point Hotel and CasinoBeginning Wednesday, May 6, the South Point Hotel and Casino in Las Vegas will be launching the South Point Sports app for mobile betting.

New users will be able to sign up for the app through a drive-up station located at the valet entrance, where they will be able to deposit money and wager on upcoming sports events.

Brand new customers must sign up for the app in person, and existing customers must also have to make their deposits in person as well. The South Point valet entrance will be open for new and existing customers seven days a week, from 11 a.m. through 6 p.m, beginning May 6.

The South Point’s new drive-up system complies with the CDC’s social distancing guidelines, and is a convenient option for sports bettors to place their bets “quarantine-style.”

The new system was launched ahead of sport’s likely return this month, and ahead of what looks like another few weeks before casinos are finally able to reopen nationwide.

Customers who are signing up for the app must be 21 or older with a valid photo ID. Users can download the app through Apple, Google Play Store, or through southpointsports.com.

What Sports Can Users Bet on Through the App Right Now?

Right now, users can start placing their bets on new UFC and NASCAR events that are scheduled to roll out this month.

Currently, UFC and NASCAR are the first U.S. sports organizations to return to the scene amid the pandemic.

On May 9, UFC 249: Ferguson vs. Gaethje will jumpstart UFC’s return with a revamped fight card for the interim lightweight title. The winner of the fight is expected to square off against Khabib Nurmagomedov this fall.

Beginning May 17, NASCAR announced they will be resuming operations with seven races in the books.

The races will be held at Darlington Raceway in Darlington, South Carolina, and three races will be held over the course of four days in Darlington before moving the races to the Charlotte Motor Speedway in Concord, North Carolina on May 24, where four races will be held over four days.

Both the UFC and NASCAR events will be held without fans present, and include only necessary personnel. They will also include the follow coronavirus safety precautions:

  • Required use of personal protective equipment throughout the event.
  • Health screenings conducted on all individuals prior to entering the facility, while inside the facility, and upon exiting the facility.
  • Social distancing measured implemented throughout the event.
  • Strict limits on the number of individuals that are given access to each facility.

Stay Tuned

Casinos seem to be on the horizon of reopening within the next few months, with some operators hopeful that they’ll reopen by June 1 at the latest.

We’re happy to see that South Point is preparing to get back to business as usual on the sports betting front, and love that they’ve introduced a handy new system that bettors can use amid the outbreak.

Will you be signing up for the new South Point Sports app? And will you be placing any bets on the upcoming UFC:249 fight or NASCAR races this May?

Let us know in the comments below!

BetMGM Sports Betting Launches in Las Vegas

Sports Betting on Mobile DeviceOn Friday, MGM Resorts debuted their new sports betting experiences that will touch their Las Vegas properties which include over 100 gaming kiosks throughout.

In addition, they also announced the launch of BetMGM in Nevada, which is a partnership with Roar Digital, LLC (MGM Resorts’ joint venture with GVC Holdings).

With the launch of BetMGM in the Silver State comes a state-of-the-art mobile betting app for bettors to enjoy, as well as the rebranding of MGM Resort’s current sportsbooks.

Roar Digital executives had an impromptu meet and greet at Park MGM’s remodeled sportsbook and bar. The staff on hand demonstrated just how user-friendly the new kiosks and the unique features they offer.

The kiosks they used in the demonstration are primarily the ones that will be implemented across MGM Resorts properties.

“MGM Resorts has emerged as a leader in sports betting, striking significant partnerships with professional sports leagues, expanding our market reach and harnessing best-in-class mobile technology from Roar Digital, powered by GVC,” said Scott Butera, president of Interactive Gaming for MGM Resorts.

“Beyond sports, we continue to offer new and exciting amenities at our properties as we’ve found our sport bettors appreciate world-class hotels, restaurants and entertainment; BetMGM allows us to incorporate them into the ecosystem of everything MGM has to offer.

“I certainly believe live betting (in-game) will eventually capture the lion’s share of total wagering.”

Benefits of Sports Betting with BetMGM

With the launch of BetMGM in Nevada, Silver State sports bettors now have the flexibility and convenience to choose their own betting experience. They can choose to wager from their phones, in person at MGM Resorts sportsbooks, or the various accessible kiosks.

The intuitive mobile app and new gaming kiosks will offer simple navigation for ease of use, as well as the full suite of wagering options available in-person at the sportsbooks. Some of the sportsbook options that will be included are pre- and in-game bets, parlays, prop bets and more.

“We’re proud to formally introduce the new BetMGM app in Nevada today. MGM Resorts’ iconic properties across Las Vegas and GVC’s technology combine to deliver streamlined sports betting experience that’s easy to use and exciting to play, giving BetMGM a leading edge in the industry,” said Adam Greenblatt, CEO of Roar Digital.

Rebranded BetMGM Sportsbooks

The launch of BetMGM in Nevada will mean the rebranding of many of MGM Resorts sportsbooks in the coming weeks.

Sportsbooks at Bellagio, ARIA, MGM Grand, Mandalay Bay, The Mirage, Park MGM, New York-New York, Luxor, and Excalibur will all be refreshed to reflect the new partnership, as well as the addition of 100 gaming kiosks across the sportsbooks.

Key Features of the BetMGM App

  • The access to all of the key features and wagering options included at traditional brick-and-mortar sportsbooks from your mobile device
  • Simple in-app registration
  • Dedicated BetMGM windows on-site at MGM Resorts’ Vegas sportsbook to assist with quick and easy account activation and first cash deposit
  • Clean interface and instant access to various games and bet types
  • 24/7 wagering opportunities anywhere in Nevada with your phone (available only for bettors 21 years or older)
  • A robust menu of prop bets and live, in-game wagering
  • Perks and amenities with MGM Resorts’ properties nationwide

The BetMGM mobile app is available for download on iOs and Android.

About BetMGM

Originally known at playMGM, BetMGM is the joint venture product between gaming giant MGM Resorts International and GVC Holdings, who operate under the name Roar Digital.

Currently, BetMGM is active in four states: New Jersey, West Virginia, Indiana, and now Nevada. It will soon launch in Michigan with the debut of retail sportsbook betting at MGM Grand Detroit.

In an effort to expand the reach of its brand, BetMGM also recently announced partnerships with Buffalo Wild Wings and Yahoo Sports.

About MGM Resorts International, BetMGM’s Parent Company

From their official website:

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings.

MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 30 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry.

About Roar Digital, LLC

From their official website:

Roar Digital is a partnership between MGM Resorts International and GVC—Great Britain’s betting technology leader. We’re not just building the world’s best gaming experience – we’re changing the way people experience and enjoy sports.

 We’re pioneering the sports betting and online gaming industry. Born out of a partnership between MGM Resorts International and GVC Holdings, we have exclusive access to all MGM U.S. land-based and online sports betting. ROAR will offer real money and free-to-play online casino gaming under the BetMGM and Borgata headline brands—and there’s no limit to where we go from there.

 Founded on the belief that sports aren’t meant to be watched, they’re meant to be played, we’re charging ahead with a competitive spirit, a dedication to fairness, and a commitment to investing in our team.

MGM’s New Sports Betting App is Coming to Nevada

For years, MGM Resorts International has operated one of the largest sports betting applications in the country, called PlayMGM. Recently, the company teamed up with GVC to relaunch this betting platform called BetMGM. Today, MGM’s new sports betting app will officially launch in Nevada.MGM Resorts Logo

Many feel this is a long time coming. The original betting application from MGM Resorts faced criticism. Hope is that this one turns out to be considerably better.

Let’s take a look at what the new sports betting app has to offer!

Nevada’s Sports Betting Industry Continues to Grow

Nevada has always been the sports gambling capital of the United States. In fact, for many years this was the only state where sports betting was even legal. That all changed in May of 2018 when the US Supreme Court struck down PASPA.

This decision immediately gave every state in the country the ability to legalize sports betting. Within just months, several states officially launched their first regulated sportsbooks. Many felt this would take away from the sports betting revenue that Nevada was used to earning.

That hasn’t necessarily been the case, though. While competition in this industry has increased, Nevada’s sports betting industry has continued to grow. The fact remains that millions of tourists still flock here every month and many of them place bets on sporting events.

It’s good news for major gambling companies in the city, many of whom continue to invest in their sports betting operations. Several major casino-resorts in Las Vegas also recently launched new sportsbooks. More are likely to open here over the next few years.

The online sports wagering industry hasn’t taken off in Las Vegas like many expected it would. Some blame the poor betting applications. MGM Resorts recognized this and is now working to improve their online sportsbook platform.

MGM’s New Sports Betting App Launches in Nevada Today

PlayMGM, the first online sportsbook created by MGM Resorts International, launched to the public back in 2019. As we already mentioned, the app faced a fair share of criticism almost immediately. Company officials began discussing plans to re-launch the app in the near future.

Eventually, MGM announced that it was teaming up with GVC Holdings to launch a new online sports betting platform. This new app, called BetMGM, is expected to be considerably better than the first betting application. Today, MGM’s new sports betting app officially launches in Nevada.

MGM recently had a soft launch of the app in Nevada. Today, the app is truly opening to the public. It offers pre-bets, in-bets, parlays, prop bets and more. It also allows for wagering on professional and collegiate sports.

Adam Greenblatt, CEO of Road Digital, the joint venture between MGM Resorts and GVC, spoke about the launch to the media this week.

“We’re proud to formally introduce the new BetMGM app in Nevada today,” he said. “MGM Resorts’ iconic properties across Las Vegas and GVC’s technology combine to deliver a streamlined sports betting experience that’s easy to use and exciting to play.”

The sportsbooks across all of MGM Resorts’ major Las Vegas Strip properties will soon be rebranded. We’ll need to wait and see how popular this new betting platform becomes.

Coronavirus Fears Continue to Escalate in Las Vegas

2019 was a fantastic year for Las Vegas. Almost every single month, revenue in the city increased dramatically. Unfortunately, many now fear that 2020 will be a tough month for the city due to concerns over the coronavirus.

Covid-19 has already spread to many states across the country and has infected more than 250 individuals. Two cases have already been confirmed in Clark County. It seems like just a matter of time before a case is confirmed inside Las Vegas.

The spread of this virus could lead to a significant decrease in tourism here. It may eventually force the city’s major casino-resorts to temporarily shut down, as well. This would be devastating to the economy of Nevada.

State governments are still working hard to contain this virus. As of now, these efforts have been largely successful. Every day, several new cases are reported in new areas of the country.

Exactly how this will affect Las Vegas is still unknown. For now, it does not appear that the coronavirus is having a significant impact.

MGM’s new sports betting app is finally here. If you’re in the city, check the app out and place some bets!