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Barstool Sports has swelled from a “bro culture” bastion into a multi-pronged digital media powerhouse that includes podcasts, videos, blogs, merch, a sportsbook, and now branded sports bars in Chicago and Philly. Sansom Street isn’t a gambling parlor, but with backing from Penn National Gaming, Barstool is in the gambling business, continuing its expansion into anything that will connect it more closely to the 21-to-30 crowd.
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Moreover, iSpot reports the estimated ad spending of sports betting on national TV is on the upswing, increasing from $64.6 million in 2020 to $199.7 million in 2021. Year-to-date, with the NFL season just starting, the ad spend has already reached $161.7 million. Casillo points out, national sports betting ads still have potential to grow in future years too, as more states legalize mobile sportsbooks and sports betting overall.
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