Penn national gaming barstool app12/8/2023 ![]() ![]() ![]() In other observations, it was noted that leading operators increasingly want to own as much of their technology as possible, with DraftKings, FanDuel and BetMGM used as examples of this trend. “I think what Penn National Gaming was missing, if they were going to launch an online product, was a brand.” However, the expert believes Penn-Barstool “lacks a meaningful iGaming presence” and offered reasons why it’s likely to “struggle to build a national online casino business”. “Michigan is launching iGaming on Friday and West Virginia is starting to scale up, so I believe the iGaming market will clear USD 2bn, and I think it’ll be much closer to USD 2.5bn.” By 2025, the market should be close to a USD 15bn TAM across iGaming and sports betting, according to the Interview.Īlso on the agenda was Penn National Gaming’s rationale for acquiring a stake in Barstool Sports in January 2020. The specialist expects iGaming “hypergrowth” in 2021 as more states legalise online gaming. ![]()
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