Penn Interactive, which is already live in Pennsylvania and Michigan, will gain ‘second skin’ access to the New York market, subject to legislation being enacted and regulatory approvals, through Capital Region Gaming’s licence.
In announcing the 20-year deal with Rivers Casino, Jon Kaplowitz, Penn National’s senior vice president of interactive gaming, reiterated the group’s backing of a multi-operator market in one of the US’s most populous and potentially profitable states.
“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 senior 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.”
Penn Interactive said it anticipates operating its Barstool Sports mobile sportsbook app in at least 10 states by the end of 2021. Kaplowitz said Penn Interactive has been encouraged by its performance so far in Michigan, where as well as sports it has also launched its Barstool-branded online casino.