Barstool Announces DraftKings Partnership Minutes After PENN Non-Compete Expires

Barstool Sports announced an exclusive marketing partnership with DraftKings just minutes after its non-compete with PENN Entertainment came to an end. [Image:]

Barstool Sports officially announced its new exclusive marketing partnership with DraftKings just minutes after the end of Super Bowl LVIII. The timing is noteworthy as the Dave Portnoy-owned company had a non-compete with previous owner PENN Entertainment that blocked it from entering into any such deal until the end of the NFL season.

Barstool Sports personalities, including Portnoy, appeared in the video announcement:

Breaking News: I’m proud to announce that Barstool has signed a multi year monster deal with @DraftKings We’re back to our roots. DK is once again the exclusive sports betting partner of Barstool Sports. The more things change the more they stay the same. #dkpartner

— Dave Portnoy (@stoolpresidente) February 12, 2024 The take on a scene from the movie Major League hearkens back to when Barstool previously partnered with DraftKings in 2014 and now the two companies have come full circle.

A Barstool-branded sportsbook operated in the US when PENN Entertainment owned Barstool before the PENN pivoted and signed a deal with ESPN to launch ESPN Bet. In turn, Dave Portnoy bought back the company he founded for just $1 after PENN spent $551m to buy it.

Rumors were doing the rounds in recent weeks about a link-up with DraftKings and the deal is reportedly worth in low eight figures each year.