In Q4, Barstool generated 1.059 billion and 69 million in handle and gaming revenue.
That deal lifted Portnoy from burgeoning national sports media presence into. with an option for eventual full ownership.
When known as Penn National Gaming in February 2020, it initially closed on a deal to purchase 36 of Barstool Sports for 163 million. 0000921738 FALSE 2020 FY us-gaap:AccountingStandardsUpdate201409Member us-gaap:AccountingStandardsUpdate201602Member us-gaap:AccountingStandardsUpdate201613Member us-gaap:AccountingStandardsUpdate201613Member 0.001 0.042735 0.0555555 penn:LeaseRightOfUseAsset penn:LeaseLiabilit圜urrent penn:LeaseLiabilit圜urrent penn:LeaseLiabilityNoncurrent penn:LeaseLiabilityNoncurrent P4Y P3Y 33. On March 11, Penn launched its Barstool app in Illinois, home to one of Barstools top markets, Chicago. Penn National Gaming is buying a stake in Barstool Sports, a sports site known for its loyal fanbase and bawdy sports commentary. The deal stipulated that Penn could buy the remaining shares via a two-step process for 387 million. PENN made the announcement via an 8-K filing with the Securities and Exchange Commission.
