Sports Betting News: Penn National Gaming to Acquire Score Media and Gaming
Penn National Gaming, which recently acquired stake in Barstool Sports and owns and operates the Barstool Sportsbook, has made another massive sports betting acquisition. This time, Penn National Gaming is purchasing a company with even more name recognition, as they announced yesterday that they had reached an agreement to buy theScore.
Initial reports indicate theScore was purchased by Penn National Gaming for $2 billion in both cash and stock.
Penn National Gaming Purchases theScore
theScore skyrocketed in popularity as a sports scores and statistic mobile app, but has grown by leaps and bounds since. The company has been hyper focused on sports gambling in recent years, integrating odds in their mobile app and creating theScore Bet, their own mobile sportsbook.
theScore published comments on its site from Jay Snowden, President and Chief Executive Officer of Penn National, who said “We are thrilled to be acquiring theScore, which is the number one sports app in Canada and the third most popular sports app in all of North America. theScore’s unique media platform and modern, state-of-the art technology is a powerful complement to the reach of Barstool Sports and its popular personalities and content.”
theScore Bet is indeed the number one sports app and sportsbook in Canada. That status will only continue to grow as online sports gambling legalization continues to spread up North.
It’s also clear that Penn National’s purchase of theScore goes beyond acquiring just their sports gambling business. The technology that can be provided by theScore can, in theory, be used to improve the already flourishing Barstool Sportsbook without the need to rely on third-party providers.
The technology purchased is even directly referenced in the news blast found on theScore, in a section called "Bringing Technology In-House." It states:
“The acquisition of theScore will allow Penn National to better manage all critical aspects of its technology stack, leading to greater control over its product development roadmap, reduced costs, and an enhanced customer experience. It will also allow Penn National to drive margin expansion by eliminating fees and expenses currently being paid to third party technology and service providers.”
It's clear that Penn National Gaming plans to expand on theScore and add is to the success of the Barstool Sportsbook in order to try and challenge the top competitors in the mobile sports gambling space.
How To Bet With theScore Bet
theScore is already one of the best, most widely used sportsbooks in the United States and that will only continue to grow thanks to its new influence from Penn National Gaming and Barstool Sportsbook.
But, if you’re looking to get started with theScore right now, they have one of the very best offers for new users that you’ll find anywhere.
Right now at theScore Bet, new users get a free first-time deposit match up to $1,000, which is honestly almost too good to be true.
The best part is just how easy it is to claim your $1,000 deposit match from theScore Bet. All you need to do is:
1. Click our exclusive theScore Bet offer button below
2. Enter your mobile phone number to receive a one-time SMS code. This will give you access to download theScore Bet app onto your smartphone.
3. Fill in all the relevant registration details to verify your identity and location.
4. Deposit into your theScore Bet account and get betting! theScore Bet pays back 5% of each bet until you have reached the full bonus of $1,000.