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Penn National has gained market access for New York in a two-way deal with Rush Street Interactive (RSI) that also gives BetRivers access to four new states.

Barstool Sportsbook at Greektown Casino-Hotel is your ticket to real odds, point spreads and over/unders. There’s no better place to place your sports bets! Featuring 40 betting kiosks, 25 HDTVs and a 30' video wall for viewing the best games — our Barstool Sportsbook will have everything you need for a great experience.

Barstool Sportsbook Slight improvement u/DavePortnoy I am writing not to challenge you but to point out an improvement. I love Barstool and in a previous post I wrote 'My television has the Rundown outline lines burned into the screen because I have watched the show everyday it’s been produced since 2015.' 1 day ago  The sportsbook’s reach will continue to grow across the country under the auspices of Penn National Gaming, which acquired a 36% stake in Barstool in Jan. Penn National plans to install brick-and-mortar sportsbooks and launch the brand online in states where it operates casinos, and where regulations permit.

Under the deals announced Monday, Penn receives second-skin access to the New York sports betting and iGaming market. That’s subject to mobile legalization of course, which is no sure thing.

On the other side, RSI gains access to Ohio, Maryland, and Missouri. Those are also second-skin agreements, each lasting 20 years.

Finally, RSI gets the right of first offer for a potential skin in Texas through Penn National.

Barstool Sportsbook to NY sports betting market?

Penn SVP of interactive gaming Jon Kaplowitz said New York was a major priority for the Barstool Sportsbook.

“We are hopeful that the New York State Assembly will follow those leading revenue producing states that allow for multiple skins for mobile sports betting,” said Kaplowitz. “A state the size of New York certainly warrants open competition and a free market approach.”

Whether Penn gets that free market is an open question. Governor Andrew Cuomo has been very vocal about a wanting a lottery-run market with limited operators.

But there are also open market sports betting billsmoving through the NY legislature.

BetRivers expansion

As for RSI, the company said it chose the first three states because of their proximity to RSI strongholds in Illinois and Pennsylvania.

“The addition of Ohio, Maryland and Missouri to our market access portfolio builds on RSI’s success in neighboring states and will create enhanced marketing efficiencies for our BetRivers brand,” said Richard Schwartz, president of RSI.

Schwartz said the company would have more market access deals in the future as opportunities arose.

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When will new RSI states legalize sports betting?

• A bill failed to get across the line in Ohio last year. But key lawmakers are confident it gets done in 2021.
• Maryland voters approved sports betting via referendum last year. Now lawmakers must hammer out the details. A key hearing will be held Thursday.
• Missouri is also a favorite to pass sports betting in 2021. But there’s currently some debate over the inclusion of in-person registration.
• Texas of course is a wildcard. There’s opposition to the sports betting movement in 2021. But plenty of stakeholders are maneuvering behind the scenes for 2022 and beyond.

Barstool Sportsbook Launch Date

Amidst ongoing debate as to which online sports betting model will work best for New York, operators are wasting no time securing market access. Barstool (via partner Penn National Gaming) and Golden Nugget Online Gaming both inked deals this week that will lay the groundwork for a sports betting launch if and when New York allows it.

Golden Nugget And Tioga Downs

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Today, Golden Nugget secured New York access via a partnership with Tioga Downs Casino in Nichols. On the heels of a successful 2020 in New Jersey and a fresh launch in Michigan, Golden Nugget Online Gaming now has an avenue to launch sports betting in the Empire State. If New York eventually regulates its sportsbook market, GNOG can launch a platform under the Tioga Downs license as part of the 20-year agreement announced today.

Thomas Winter, President of GNOG, stated, “We are very excited to sign this long-term partnership with Jeff Gural and Tioga Downs. New York is key to our growth strategy and we look forward to the state embracing online gaming. We will remain focused on securing new market access partners in more US states. With its iconic brand, superior product, and award-winning operations, GNOG is uniquely positioned to take advantage of the exponential growth of online gaming in the US.”

Penn National Gaming And Rivers

Earlier this week, Penn National Gaming signed a similar deal with Rivers Casino & Resort. Penn Interactive expects to launch its Barstool sportsbook in New York once regulations allow as part of the 20-year agreement.

“Gaining potential access to what could become one of the nation’s most lucrative sports betting markets has been a major priority for our Company,” said Jon Kaplowitz, Penn National’s Sr. Vice President of Interactive Gaming. “We are hopeful that the New York State Assembly will follow those leading revenue-producing states that allow for multiple skins for mobile sports betting. A state the size of New York certainly warrants open competition and a free market approach.”

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New York Sports Betting In Flux

These years-long deals in New York could be jumping the gun. New York has yet to legalize sports betting, partially because two competing models are up for consideration in the state. Governor Andrew Cuomo wants a lottery-run sports betting model, which would create a pseudo-monopoly and allow one (possibly two or three, depending on the regulatory framework) sportsbook to go live in partnership with the state lottery.

New York State Senator Joseph Addabbo and Assemblyman Gary Pretlow, on the other hand, have introduced legislation that would greenlight a casino-based model. This is similar to competing markets like New Jersey, Pennsylvania, and Michigan. Casinos can partner with an online sports betting company to offer a digital sportsbook. This creates a competitive market with multiple license holders.

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It remains to be seen which model will win in the Empire State. If Cuomo gets his way, both of these deals could be for naught. If the state legislators get their way, these agreements could prove to be an excellent headstart for Penn Interactive and Golden Nugget.