Penn National Sports Betting App

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.

App

Sportsbook fact sheet:

The market access framework agreement between Penn National, theScore and Score Digital Sports Ventures Inc. (“SDSV”), a wholly-owned subsidiary of theScore, which has a term of 20 years, provides that SDSV will have the right to obtain market access to operate branded online and mobile sports betting and i-gaming applications pursuant to. Penn National will host a conference call and simultaneous webcast today, Wednesday, January 29, 2020 at 8:00 a.m. ET to review the Barstool Sports transaction, share the Company’s vision for sports betting and iGaming, and host a question and answer session.

  1. Penn National will host a conference call and simultaneous webcast today, Wednesday, January 29, 2020 at 8:00 a.m. ET to review the Barstool Sports transaction, share the Company’s vision for sports betting.
  2. Penn National Gaming owns, operates or has ownership interests in 39 gaming and racing facilities, and video gaming terminal operations across the U.S. As of October 1, 2018, the Company operated thirty-nine facilities in eighteen jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico.
  3. Penn National Gaming CEO Jay Snowden on mobile sports betting and collaborating with Barstool Sports. Penn National Gaming CEO Jay Snowden told FOX Business' Liz Claman that the company plans to.
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.

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.

Betting

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.

Betting Apps Sports

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.

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.

Penn National Sports Betting Apps

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.

Sports

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.

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

Penn National Gaming Online Betting

  • 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.

Penn National Sports Betting

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.

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) today announced that the Pennsylvania Gaming Control Board (“PGCB”) has approved a live, real money test period for its new Barstool Sportsbook mobile app in Pennsylvania from September 15-17, pending final iOS app approval.

Following the test period, Penn National intends to officially launch the Barstool Sportsbook app in Pennsylvania on September 18, subject to final regulatory approvals. The Company plans to introduce the Barstool Sportsbook app in additional states in the coming months.

“The Barstool Sportsbook app is the centerpiece of our Company’s omni-channel strategy,” said Jay Snowden, President and CEO of Penn National. “Since forming our exclusive sports betting and iGaming partnership with Barstool Sports in January, our product, marketing and operations teams have worked hand-in-hand with Barstool’s top talent, including Dave Portnoy and Dan 'Big Cat' Katz, to create a sports betting experience that we’re confident will appeal to Barstool’s army of loyal followers, as well as our extensive database of existing casino customers and sports betting fans at large.”

“As the only gaming operator with a fully integrated sports media and entertainment partner, our customers will have the opportunity to engage with Dave, Big Cat and other Barstool fan favorites on our app – including betting with them, or fading their picks,” continued Mr. Snowden. “Our customers will also have an opportunity to interact with Barstool personalities live at one of our many casinos’ retail Barstool Sportsbooks in the coming months.”

The “soft launch” test period from September 15-17 will be available to a limited number of pre-registered participants, who will be able to make real-money wagers and access all of the features and functionality of the Barstool Sportsbook. The Company will also work with regulators to test the system and make any refinements prior to the full launch anticipated for September 18.

“I want to thank the PGCB and its staff for all their time and effort in reviewing and approving our app for this soft launch,” said Mr. Snowden. “I also want to thank all those who have been working tirelessly at Penn Interactive and our great partners at Barstool Sports for their many months of hard work and collaboration, as well as our risk management and platform providers, Kambi and White Hat Gaming. This is an important milestone in our Company’s continued evolution to be the leading omni-channel provider of retail and online gaming, live racing and sports betting entertainment, and we couldn’t be more excited to get underway,” concluded Mr. Snowden.

About Penn National Gaming

Penn

With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar, and L'Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well online social casino, bingo, and iCasino products. In February 2020, Penn National entered into a strategic partnership with Barstool Sports, whereby Barstool is exclusively promoting the Company's land-based and online casinos and sports betting products, including the Barstool Sportsbook mobile app, to its national audience. The Company's omni-channel approach is bolstered by the myChoice loyalty program, which rewards and recognizes its over 20 million members for their loyalty to both retail and online gaming and sports betting products with the most dynamic set of offers, experiences, and service levels in the industry.

About Barstool Sports

Founded in 2003 by David Portnoy, Barstool Sports is a leading digital sports, entertainment and media platform that delivers original content across blogs, podcasts, radio, video and social, supported by nearly 70 dedicated personalities. It benefits from its base of loyal monthly unique visitors, including an estimated 48% of males and 44% of females in the Millennial and Generation X generations across the United States. In 2019, Barstool Sports grew by approximately 65%, delivering nearly $100 million in revenue from digital and audio advertising, ecommerce, events, licensing and subscription.

National

Forward-Looking Statements

Penn National Gaming Sports Betting

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to, risks related to the following: (a) the magnitude and duration of the impact of the COVID-19 pandemic on capital markets, general economic conditions, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; (b) the launch of the Barstool Sportsbook app is subject to regulatory approvals and iOS app approval, which may be delayed; (c) the impact of significant competition from other companies for online sports betting; (d) the Company’s ability to achieve the expected financial returns related to its Barstool Sportsbook app; (e) the risk of failing to maintain the integrity of the Company’s information technology infrastructure and safeguard its business, employee and customer data in connection with the Company’s online sports betting; (f) the Company’s and its business partners’ ability to obtain various regulatory approvals required to own, develop and/or operate the Barstool Sportsbook app may be delayed or may not occur; and (g) other factors included in “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the U.S. Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.