Barstool Sportsbook is on its way to Hollywood Casino Perryville in Maryland.
HCP partnered with Penn National Gaming last summer (a company that owns over a third of the Barstool sports betting platform), and it was expected that this day was not far off. HCP has operated under its own branding since the launch of retail sports betting in Maryland, but on June 6, it will transition to the Barstool name.
The Maryland casino, which is located about 40 miles from Baltimore, was originally brought to life in 2010 through Penn National. After selling to Gaming and Leisure Properties, Inc (GLPI) in 2020, PNG re-acquired operations last year, agreeing on $7.77 million in rent with GLPI. The acquisition was approved on May 27, 2021, by the Maryland Lottery and Gaming Control Commission.
The heavy-hitting brand power of Barstool is a welcomed addition to the Maryland sports betting scene. While the state is still waiting on the launch of online wagering, Barstool will look to establish itself in the retail market leading up to the mobile app unveiling. In total, Penn National owns 42 properties throughout 20 states, including Barstool Sportsbook in Detroit’s Hollywood Casino, which was recently rebranded from Greektown Casino.
What Can We Expect From Barstool?
If the recent launch of Barstool Sportsbook at Hollywood Casino in Grantville, Penn. is any indication, Maryland can expect big things. The Barstool in Grantville is a sprawling 12,000 square feet and features a Jumbotron, 30 televisions, relaxed seating options, and multiple food vendors.
There will likely be a wide array of sports betting kiosks, as well as a central betting counter.
How Does Hollywood Casino Perryville Stack Up?
Since the inception of retail sports betting in Maryland, HCP has brought in over $7 million in total handle with a win rate of around 9.9%. HCP ranks fourth out of the five live sportsbooks in the Old Line State, narrowly outranking Ocean Downs Casino, which has brought in approximately $5.5 million in handle so far.
MGM National Harbor and Live! Casino and Hotel make up the lion’s share of wagering with over 75% of the state’s total haul with around $132.5 million in handle. Horseshoe Baltimore sits in third with roughly $20 million in wagering to date.
Stay tuned to Maryland Sharp for all of the latest news surrounding Maryland sports betting.