11/24/2023 0 Comments Fanduel sportsbook instagram“MGM, I never would’ve gathered how strong they would be there,” Portnoy said of the BetMGM brand that's a joint venture between MGM Resorts International (NYSE:MGM) and Entain.īarstool Sportsbook is trying to get three more states live by the end of 2021, Portnoy said. He sees Barstool Sportsbook doing well in the state during the football season. Portnoy mentioned Michigan having a strong start and noted the drop off. That total trails leaders DraftKings, FanDuel and BetMGM with respective market shares of 31.9%, 24.8% and 22.7% in the state. In August, Barstool Sportsbook ranked fourth in Michigan with a betting handle of $13.1 million and a 6.8% market share. Michigan Market Share, New States: One of the items discussed by Portnoy and the Roundhill team, which owns PENN shares as the seventh-largest position in the Roundhill Sports Betting & iGaming ETF (NYSE:BETZ), was the decline of market share in Michigan for Barstool Sportsbook.
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