Is Barstool Sports publicly traded?

Barstool Sports isn't publicly traded, but Penn Entertainment, which trades under "PENN," holds a large stake in the company. Here's how to invest in Barstool Sports. Barstool Sports was founded by celebrity entrepreneur Dave Portnoy.

Who owns 100 percent of Barstool Sports?

Penn Entertainment now owns 100 percent of Barstool. In early 2020, Penn Entertainment announced that it was going to acquire a 36 percent stake in Barstool Sports. At the time, the deal was worth $163 million. The breakdown of the transaction was $135 million in cash and $28 million in non-voting convertible preferred stock.

Is Barstool Sports a good investment for Penn Entertainment?

According to Money Morning, online sports betting is expected to grow by 150 percent in the next decade, which makes Barstool Sports a good investment for Penn Entertainment. One of Barstool’s competitors is DraftKings. You can invest in Barstool Sports indirectly. Barstool Sports, on its own, isn’t a publicly traded firm.