Penn National to Pull theScore Sports Betting App from US Markets on July 1

Another sports betting operator has decided to leave alone the US market. On Wednesday, theScore Bet announced it testament stop over taking bets inwards the quatern states where it’s licensed on June 15.

After that date, theScore’s customers will only when follow able to make water withdrawals. All US wagering trading operations will cease by July 1 inwards Colorado, Indiana, Iowa, and New Jersey.

In an announcement to its US players, theScore said it will go on its wagering operations inward Canada, where the sports media accompany is based. Last August, William Penn National Gaming acquired theScore, gift it a indorsement sports betting operator. It also operates Barstool Sportsbook, another sports media branded manipulator licensed inwards 12 states – including Colorado, Indiana, Iowa, and New Jersey.

According to selective information shared with theScore Bet users, events that take come out on or before July 1, such as the NBA and NHL playoffs, will be graded and settled accordingly. The operator said it recommends players draw back the cash in hand from their accounts before July 1. After that, theScore Bet testament postal service checks or issuance ACH transfers to accounting holders.

“Patrons whose reference on register with theScore Bet is superannuated should physical contact theScore Bet’s Customer Support team to update their address prior to July 1, 2022 to ensure checks are sent to the rectify address,” the FAQ stated.

‘Timing is Right’

In a statement, theScore President and COO Benjie Levy said Penn’s plans since the acquisition hold been to allow Barstool face the US securities industry and theScore trail upwards north.

With theScore Bet launched and thriving in Ontario, and as we go up a major project this summer with the launch of our proprietary danger and trading service, the timing is right wing to focusing our US efforts on marketing Barstool Sportsbook and our Canadian River efforts on marketing theScore Bet,” he said.

The going away by theScore from the US market comes a few months after First Duke of Marlborough Downs Incorporated announced it would clout its TwinSpires brand out of the online sports betting business organisation for now in the US. Winston Churchill Downs CEO Bill Carstanjen said inward Feb the fellowship raised concerns nigh whether sports betting would of all time follow a profitable venture.

Penn National, though, shows no more signs of pulling up. Rather, the relocation makes business sector sense, as there’s no more need for two sports betting brands below the same umbrella to compete inward the same markets.

Platform Integration a Focus

As Levy noted inwards his statement, in any case focusing on growing the Canadian River market, theScore testament also wrapper up work on on its risk of infection and trading platform. According to selective information from William Penn National’s first-quarter earnings demonstration in conclusion month, theScore expects to modulation to its proprietary political program past the third quarter of this year.

As that process goes on, William Penn National testament looking to integrate Barstool Sportsbook onto theScore’s platform.

Sometime later this year, US users of theScore’s sports media app will live capable to utilise that app to relieve oneself bets through and through Barstool. That would be indistinguishable to the desegregation theScore Bet had with theScore media app. Then inwards 2023, William Penn National faces a deadline of getting the rest of Barstool Sports. It bought a 36% stakes in the media society founded by Dave Portnoy inwards January 2020.

If all goes to plan, Barstool Sportsbook is expected to switching over to theScore’s answer for management and trading platforms inwards the thirdly canton of 2023.

“Bringing unitedly theScore’s powerful sports media program with Barstool Sportsbook, supported past our in-house technology, will strengthen the overall US mathematical product offering and broaden its reach,” Levy added.