NASCAR Halts Plans for Barstool Sportsbook at Phoenix Raceway
NASCAR is pumping the breaks on plans to surface a Barstool sportsbook at capital of Arizona Raceway, which hosts II Cup Series events annually.
In an interview with Gaming Today’s Brant James, NASCAR Managing Director of Sports Betting Joe Solosky said the economic science of a brick-and-mortar sportsbook at the rails need to urinate sentiency for Penn Entertainment (NASDAQ: PENN), the parent fellowship of Barstool Sportsbook.
Right at present it just doesn’t wee-wee sentiency to build out that retail rule book at the racetrack,” Solosky said inwards the interview.
Other Phoenix-area stadiums and arenas are homes to retail sportsbooks. Those include the Salmon Portland Chase Field, rest home of the Grand Canyon State Diamondbacks, and State Farm Stadium, which is the nursing home theatre of operations for the NFL’s AZ Cardinals. The nursing home scene of action for the NBA’s capital of Arizona Suns and the WNBA’s Mercury also has a FanDuel sportsbook piece a DraftKings retail volume is scheduled to unresolved later this yr at TPC Scottsdale. The Stadium Course in that respect hosts the PGA Tour’s capital of Arizona Open.
Phoenix Raceway Calendar Problematic for Penn
Any brick-and-mortar sportsbook located at a sports stadium or race is dependant on the list of events hosted past that venue.
As Solosky noted inwards the Gaming Today interview, that could be an supply William Penn Entertainment is monitoring because, as things tie-up today, capital of Arizona Raceway hosts simply deuce Cup Series events per year, and its take to boniface the championship run expires next year. The cart track also hosts ARCA, Craftsman Truck, and Xfinity serial races, but those events don’t draw poker crowds on par with the Cup Series.
That makes for tough comparisons with an MLB stadium or NBA arena, which innkeeper 81 and 41 steady season games per year, respectively.
Likewise, capital of Arizona Raceway hosts concerts, but attendees to those events potential aren’t looking to come out wagers. At to the lowest degree non to the tear down that an manipulator requires to experience a sportsbook open during a concert. Barstool Sports offers mobile sports betting in Arizona and that footprint wouldn’t be threatened should William Penn in the end determine against building a physical book at the racetrack.
NASCAR’s Betting Ties
Over the past times several years, NASCAR has increased its cover of the gambling casino gaming and sports wagering industries. Today, three Cup Series races are sponsored by casino operators, including Penn. That fellowship sponsored the “Hollywood Casino 400, presented by Barstool Sportsbook” in Kansas lowest September.
Additionally, 19, or to a greater extent than half, of the points-paying Cup Series races make come out inwards states where sports betting is legal. That includes six of the 10 races that comprise the NASCAR playoffs.
While NASCAR ease lags football and basketball, among others, inwards terms of handle, the motorsport is gaining popularity among some bettors. One understanding wherefore is the variety of wagers a punter can buoy moot on simply ace NASCAR race. In gain to attempting to properly pickaxe the race winner, bettors tin wager on head-to-head props, including on whether a number one wood testament finish in the spinning top quint or top side 10, and manufacturing business odds, among others.
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