Last updated on March 14th, 2021 at 05:11 am
An online sportsbook launched just in time for March Madness. The Barstool sports betting app is now live in the state starting March 11. It is available on both Android and iOS mobile platforms.
Penn National Gaming owns Barstool Sportsbook. It is now available in three states. Besides Illinois, you can use the sports betting software in Michigan and Pennsylvania. Its launch in Illinois came at a time when sports betting is becoming more popular in the state.
In January, players in Illinois bet $580 million on sports. Thus, it became the fourth state to achieve the $500-million milestone in a single month. Illinois got more than $2 billion in total wagers since it launched its sports betting market a year ago.
Barstool Sports Betting App
According to sports betting solutions reports, Barstool is the latest sportsbook in a very competitive market. In January, DraftKings led the field with 42 percent of the Illinois sports wagering market. The app and its partner Casino Queen got a combined handle of $244 million in January. Also, other online sportsbooks operating in Illinois are BetRivers, PointsBet, and FanDuel.
In January, the Illinois sports betting handle increased by 18 percent from December’s $491 million. Analysts expect the total handle for 2021 to reach around $6 billion.
CEO Jay Snowden of Penn National said that the Barstool app would go live in ten states before the year ends. The growth of the US’s legal sports betting sector presents an excellent opportunity for businesses and startups.
In Illinois, BetSperts is one of the local startups that benefited from the popularity of sports betting. The company developed a social media platform for bettors. Jump Capital, a local venture capital firm, is investing in startups that want to become a bookie or involved in sports wagering and related areas.
