Penn National Sports Betting App

  1. Sports betting will be integrated into the podcast and blog content on Barstool Sports, with bettors being able to bet against or with the various personalities on Barstool. The app is a collaboration with Penn Interactive, risk management company Kambi, and platform provider White Hat Gaming.
  2. Sports Betting Boom: CEO’s of Penn National, FansUnite, Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands Email Print Friendly Share February 23, 2021 09:31.
  3. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool will exclusively promote the Company's land-based and online casinos and sports betting.

— Penn National Gaming (@PNGamingInc) December 22, 2020 Penn plans to launch its Barstool sports betting app early next year in Michigan and will target additional states throughout 2021.

The Hollywood Casino at Penn National Race Course was the first sportsbook to begin taking bets in Pennsylvania. And with its agreement with William Hill to run its online offerings, it may very well be the first to enter that market, too.

William Hill is the largest sportsbook operator in the United States. Now, pairing with Pinnacle Entertainment— the owners of Hollywood at Penn National and 40 other gaming venues across the country — this seems like a powerful partnership.

Sportsbook fact sheet:

Land-based launch date:November 2018
Online launch date:Q1 2019 (estimated)
Software partner:William Hill
Age requirement:21
Last VerifiedMarch 2021

New player incentives and bonuses

Hollywood at Penn National got a month’s jump on the competition with its brick-and-mortar offerings. Although when it comes to enticing new customers, Hollywood still needs to offer new player incentives to compete with the other sportsbooks.

In New Jersey, William Hill is currently offering a free $50 when placing a first $50 bet to anyone who registers a new account.

National

There may be other offers of deposit matches and no-loss bets that enter the rotation of new player bonuses. Especially as the competition for customers in the Keystone State heats up in 2021.

Web access

Taking a look at the online sports bettingwebsite that William Hill operates in New Jersey, it has broken down popular bets by sports, and then the possible wagers by day and sport.

There’s also a tab that allows you to change the format in which the odds for each wager are displayed between fraction, decimal, or American, which is the familiar plus or minus sign.

The New Jersey website is easy to navigate and to read. It will be available on all up-to-date web browsers.

We’re likely to see similar features in Pennsylvania.

Hollywood sportsbook app

The William Hill mobile app will be available for both iOS and Android. In fact, should be notable for its similarity to the website. One thing it could feature — that the website may not —is a scrolling banner atop the home screen. This highlights any bonuses or odds boosters active that day as well as the day’s top bets and events.

As for everything else, it should be very much like the web: Quick links to the popular sports, a bet slip that’s easy to fill out, in-play wagering and account management. As with the website, you will likely be able to easily register and make deposits directly through the app.

How to sign up for an account?

Signing up on the website or through the mobile app should be straightforward. You likely will need to provide your name, email address, physical address, date of birth, and the last four digits of your Social Security number. Then, you’ll probably need to select a unique username and password as a final step.

We expect that you won’t need to have a photo ID, which many online sportsbooks and casinos have previously required. You must require correct and current information so that the sportsbook can confirm identity.

If any suspicious activity on an account is detected, it may trigger a security review. If that happens, the holder of the account will likely be asked to present a photo ID and provide proof of address and proof of ownership of any credit cards or bank accounts linked to the sportsbook account. However, the process to complete the security review should be straightforward.

Eligibility to register for an account

Anyone that is 21 years or older will be able to register for a Hollywood at Penn National online account, regardless of their location. But in order to place bets, users will need to be physically within the state borders of Pennsylvania, as verified by the IP address their computer is using or through geolocation technology location services activated on their mobile device.

As per the rules laid out by the Pennsylvania Gaming Control Board, persons who are athletes, managers, coaches, referees, or other officials that have influence over the outcomes of sporting events are allowed to hold accounts and place wagers on sports – just not on any event that involves them or their affiliations.

Hollywood Loyalty program

Hollywood at Penn National is set to offer the MyChoice Rewards program that earns points and “mycash” each time you play. Points will take you through a series of tiers – Choice, Advantage, Preferred, Elite and the Owners Club — earning you benefits and more mycash.

The higher you go, the more you’ll be able to earn, the greater your chances at getting free plays, complimentary hotel stays, VIP lounge access, and other gifts and getaways.

The tier that you earn your way to should be valid for a full year, and unused mycash is likely to remain active in your account for up to six months. Vegas parlay payouts.

Hollywood also features a sister rewards program called Marquee Rewards that can be used at Marquee properties, which are also part of the Pinnacle Entertainment family of properties, as is MyChoice.

Other promotions

At the moment, Penn National and William Hill haven’t made any announcements regarding specific promotions that they’ll be offering when their new online sportsbook goes live.

Bet protections have been offered frequently, meaning that a partial amount of some bet types may be refundable in the case of a loss.

There may also be recharged bonuses on additional deposits, odds boosters, discounted or matched bets, or other promotions that are team- or sports-specific, depending on the season or the big sporting event – like the Super Bowl, NCAA Tournament, or the NBA Playoffs.

Account deposits and withdrawals

When making deposits into your Hollywood at Penn National online sportsbook account, online bill pay should be easy, direct, and safe. Because the book likely will only need an online banking ID and password, your bank account number will remain secure.

Penn National Sports Betting Application

Players will likely also be able to deposit using the following methods:

  • Credit cards
  • Direct bank transfers
  • E-check
  • PayPal
  • PayNearMe locations in Pennsylvania,
  • Penn National prepaid card
  • Personal check

To withdraw funds, players will likely need to reverse the process for PayPal, credit card payments, a Penn National prepare card, or bank deposits. If players use another means of deposit, then Hollywood will probably send a check in the mail. This method will require up to seven extra business days for processing. There may also be delays for large withdrawals.

Available sports bets

If it’s a sport you like to play, chances are it will be offered. Hollywood at Penn National and William Hill should allow bets on:

  • Baseball
  • Basketball
  • Boxing
  • Football
  • Golf
  • Hockey
  • MMA
  • motorsports
  • Soccer
  • Tennis

Along with the usual point spread, moneyline, and over/under bets, you can look forward to playing parlays, teasers, round robins, and getting cash-out and partial cash-out options on qualifying bets.

Hollywood will likely offer in-play betting, or bets that take place during an event.

The highly popular means of wagering gives players the opportunity to play multiple games within a single game. Options include multiple halftime totals and second-chance multipliers. There should also be ways for players to pay their way out of bets and make new bets, all within the same sporting event.

Penn National Gaming Sports Book

After nearly crapping out, Penn National Gaming appears to be back on a streak.

Its partnership with Dave Portnoy‘s Barstool Sports at least in part fueled Penn stock’s rise, fall and resurrection from January to June.

Penn National wanted to go big

The roller coaster ride came about because Penn, a top regional gaming company headquartered in the heartland of Pennsylvania just north of Harrisburg — think small-town suburbia set among farm fields and forested small mountains — had bigger aspirations at the start of the year.

What had begun as a family horse racing business wanted to go really big.

Having made itself a presence in nearly every legal US gambling market, with 41 properties and 26,000 employees, Penn was bumping up against economic concentration regulations.

Penn wanted Barstool as an online sports brand

That meant the only way for it to really grow was to tap a new market, a market free of the geographic constraints that came with buying or building yet another property.

The booming online sports betting market — which Penn had only tapped through brick-and-mortar under a past executive team — was its ticket to the gaming stratosphere.

On Jan. 29, Penn National rolled the dice and bought a 36% share of the sports-centric, risque and sometimes raunchy blog and podcast business Barstool Sports.

The purchase was for approximately $135 million in cash and $28 million in shares of non-voting convertible preferred stock. Penn swiftly closed the deal after the announcement.

Additionally, Penn National agreed to increase its ownership of Barstool to approximately 50% through an incremental investment of approximately $62 million at the end of three years.

Barstool brings a new demographic to Penn

Jay Snowden, president and CEO of Penn National, spelled out the rationale of buying a company without an internet gambling platform on the company’s website:

“This exciting new partnership with Barstool Sports reflects our strategy to continue evolving from the nation’s largest regional gaming operator, with 41 properties in 19 states, to a best-in-class omnichannel provider of retail and online gaming and sports betting entertainment.

“With its leading digital content, well-known brand and deep roots in sports betting, Barstool Sports is the ideal partner for Penn National and will enable us to attract a new, younger demographic, which will nicely complement our existing customer database.

“In addition, with 66 million monthly unique visitors, we believe the significant reach of Barstool Sports and loyalty of its audience will lead to meaningful reductions in customer acquisition and promotional costs for our sports betting and online products, significantly enhancing profitability and driving value for our shareholders.”

Coronavirus disrupts the plan — and Penn’s stock value

Sports

And on paper, the plan worked at first.

The stock, which had hovered in the $25 to $26 range at the start of the year, hit $38.28 a share on Feb. 13.

Then came COVID-19 and an existential crisis for Penn stock, which bottomed at $4.52 on March 18.

Casinos shut down. Horse tracks shut down. Penn furloughed most employees. Two PA expansion projects, mini-casinos, stopped construction. Assets were sold. A huge stock offering followed to raise cash.

Penn casino reopenings coincide with rising stock price

But now properties are reopening. Employees are returning. But at least at least 1,900 Penn jobs at casinos are gone for good as the company pivots toward online wagering. Resuming work on the mini-casinos in Yorkand Morgantown still awaits, though.

Meanwhile, Penn is rebranding its retail books to carry the Barstool name. Its mothership casino in PA, Hollywood Casino at Penn National Race Course, is back up and running, and the company is working to create an online presence based on the Barstool brand.

In fact, despite recently announced permanent layoffs, the company is on a hiring tear.

On Monday, CNBC’s Jim Cramer remotely hosted Snowden of Penn, along with Portnoy and Barstool CEO Erika Nardini, on his program The Street.

And while Cramer briefly discussed Penn stock’s up, down and up record so far this year, he only spoke of Barstool and the coronavirus shutdown when laying out the context.

App

Penn plans August launch of Barstool online betting app

Snowden told Cramer that Penn had 70% of its propertiesoperating at 50% capacity and had called back 11,000 employees. No mention was made of the permanent job losses.

Penn National Sports Betting Apps

Snowden also told Cramer that the Barstool online book should launch in August. The target would put Penn ahead of the anticipated NFL start.

Nardini spoke of Barstool’s growth across platforms and the devoted audience it delivers.

Davey Day Trader moves the market again

Portnoy, uncharacteristically wearing a suit (brokers referred to as “suits” are frequent targets of his diatribes), predicted that Barstool will be the “dominant player” once sports return.

Penn National Sports Betting Apps

He boasted later that night on Twitter to his 1.5 million followers:

“I just sold the shit out of myself in Penn National.”

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By the next day, Penn’s stock was up more than 17% at midday. Penn closed up about $5 a share, or just under 13%, at $36.82. Several market stories took note.

Yabby casino. Two days later, the price has mostly played in the $33 range.

Since his highly publicized shift to “Davey Day Trader Global,” Portnoy has demonstrated an ability to influence stock prices, presumably through his “stoolies” who have followed him into the market. His latest national appearance is yet another example of the “Barstool effect” at work, some say.

Penn National’s imminent expansion into online sports wagering and the long-term stability of the stock price should provide a more accurate picture of the company’s position in the months to come.

Penn National Sports Betting

Penn national sports betting apps
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Penn Sports Betting

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