Penn National Gaming Buys Into Barstool Sports 🏈

Reports have come out that Penn National Gaming has purchased a 36% stake in Barstool Sports for $163 million. Alex talks about Penn National’s deal to become Barstool’s exclusive gaming partner and breaks down what could be a huge P2P platform opportunity in sports betting.

Barstool Sports is selling a big stake to a casino company, in a deal that values the company at $450 million: www.businessinsider.com/barstool-sports-stake-selling-penn-national-valuation-450-million-2020-1

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