Last updated on June 5th, 2022 at 10:25 am
TheScore Bet will exit the US sports betting market on July 1. As a result, the company will shut down its sportsbooks in Colorado, Iowa, Indiana, and New Jersey. Also, it will focus on its Ontario sports betting operations.
After Penn acquired theScore, it plans to promote theScore Bet in Canada and Barstool Sportsbook in the US. The company launched theScore Bet in Ontario and will now focus its Canadian efforts on pushing theScore Bet. On the other hand, Barstool Sportsbook will remain operational in the US.
The company’s move will optimize the value of the brands via its organic gaming and media approach. According to gambling industry news reports, Penn wants to integrate the theScore media app with the Barstool Sportsbook in the United States. Also, it is already working on it. Its goal is to improve its US sports betting offering and reach more players.
TheScore Bet Leaves the US Sports Betting Market
TheScore Bet will quit accepting bets on June 15, as indicated by a FAQ on its site.
Wagers on occasions finished before July 1 will stay active. For bets past that date, the organization will connect with bettors straightforwardly.
If a client doesn’t pull out leftover assets before July 1, the organization will mail a check or store cash through one of the sportsbook payment options on record.
The declaration to leave the US likewise incorporates a push to Barstool Sportsbook. The two brands are essential for the Penn National Gaming portfolio.
Penn National purchased 36 percent of Barstool in 2020 for $136 million. In addition, the organization obtained theScore in 2021 for $2.1 billion.
According to a golf sportsbook guide, Barstool Sportsbook is available in 12 states, including the four states theScore is exiting. Also, Penn National intends to move the Barstool to theScore’s in-house sports wagering app from now on.
