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Barstool Selling Dave Portnoy NFTs

This partnership is resulting in Penn National taking advantage of its shares in Barstool as they’re entering the Non-fungible token market.

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Dave Portnoy

Penn National Gaming inked an agreement with Barstool for $163 million last year, which gave the American operator of casinos and racetracks a 36-percent stake in the digital media company. This partnership is resulting in Penn National taking advantage of its shares in Barstool as they’re entering the non-fungible token market

Casino.org reports that they’re selling an NFT of Barstool founder Dave Portnoy called “One Bite Pizza Review of Blocks Pizza Deli (Miami) — Featuring Guy With No Arms.”

For those who aren’t aware of an NFT, it’s a unit of data stored on the blockchain. NFTs apply to a variety of digitized items, such as audio and video files and pictures.

Seeking Alpha also reports that the highest bidder for this NFT has the opportunity to “watch a game with Dave Portnoy where he will place a wager equal to the size of the winning bid of the NFT. If the bet hits, he will refund the winning bid to the winning bidder.”

Currently as of this writing, the highest bid for this NFT is $12,595. Various NFTs have gone for millions of dollars in the past. In March, someone paid $2.9 million for the first tweet posted by Twitter founder and CEO Jack Dorsey. 

Various companies such as Topps, known for their baseball cards, have dipped their toes into the NFT market. 

Sports Online

Four Major Sportsbooks Go Live in Louisiana Friday

Bettors in the state will also be allowed to bet on Louisiana college teams.

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DraftKings

Friday will be a great day for sports gambling in Louisiana as DraftKings, FanDuel, Caesars, and BetMGM are set to go online at 9 a.m. ET.

Nearly two years after State Senator Cameron Henry introduced a bill to legalize sports gambling and residents successfully voted in favor of the measure, Louisianans will be able to wager on this weekend’s NFL conference championship games among other sports offerings.

BetFred, which partnered with Paragon Resort Casino in Marksville, was the first retail book in Louisiana in October 2021, according to Action Network.

All but a select few parishes in the northern part of the state will participate. The parishes not allowing their residents to gamble were the ones that voted against legalizing the practice in November 2020.

Those residing in Caldwell, Catahoula, Franklin, Jackson, LaSalle, Sabine, Union, West Carroll or Winn, you’ll have to go to the closest neighboring parish or city to place a bet. However, those residents can create an account, deposit, and withdraw funds on either of the four available sportsbooks.

Bettors in the state will also be allowed to bet on Louisiana college teams. Residents of New York and Illinois are unable to do so for their schools.

The four sportsbooks will pay a combined 25% tax between online and in-person betting to the state. Expect plenty of money to be flowing back to the state government.

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Sports Media Rips Baseball Hall Of Fame For Barry Bonds Snub

“David Ortíz got the nod from 77% of voters. He was the only one to get more than the required 75% for induction.”

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Performance-enhancing drugs are a non-starter for some Hall of Fame voters. “Some” in this case likely means about 34% of those with a ballot. It is the only explanation for Barry Bonds not getting in.

The Hall of Fame revealed its 2022 class on Tuesday night. David Ortíz got the nod from 77% of voters. He was the only one to get more than the required 75% for induction. Bonds finished second in the voting with his name showing up on 66% of the ballots.

Bonds and Ortíz were amongst a group of candidates who were considered controversial. Based on numbers and on-field performance, they, along with Roger Clemens, Alex Rodriguez, and Curt Schilling likely belong in the Hall of Fame. Bonds, Clemens, Ortiz, and Rodriguez have all been tied to the use of performance enhancing drugs and human growth hormone. Schilling has become something of a pariah in baseball due to his political extremism.

While cases can be made for all five men, the sports media seemed to zero-in on Barry Bonds. His exclusion drew a series of damning tweets and criticism of the Hall of Fame and its voters.

For the record, Barry Bonds is both the single season and all-time leader in home runs. He also holds the all-time record for walks and single season records for walks, on-base percentage, and slugging percentage. He is also a seven-time MVP and fourteen-time all star.

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Sports Online

Wynn Resorts Plans To Cut Losses, Sell Sports Betting Unit For $500M

Wynn increased revenue from Q3 of 2020 at $370.5 million to $994.6 million in revenue in Q3 2021.

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Due to high marketing costs to bring in new customers, Wynn Resorts is looking to sell Wynn Interactive, the company’s betting unit, for $500 million. Wynn Interactive was valued at $3 billion last year, according to the New York Post, and has grown in revenue and popularity. But the costs are proving to be too much to handle. 

The WynnBET sportsbook has market access in multiple states including Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee, Virginia, Louisiana, and New York. It had also partnered up with NFL franchises and multiple professional athletes. Among these were the Indianapolis Colts, Detroit Lions, and New York Jets, along with Shaquille O’Neal, Tim Howard, and Chad Johnson.

Wynn increased revenue from Q3 of 2020 at $370.5 million to $994.6 million in revenue in Q3 2021. However, the company still remained at a net loss of $166.2 million during the quarter, down from a net loss of $758.1 million in Q3 2020.

Wynn is having to do a bit of backtracking and trying to cut their losses. They acquired a $1.5 billion line of credit from the Bank of China last September, with $100 million of it being planned to use to market the sports betting app for this year’s football season.

In another cancellation, Wynn was hoping to take the online sports betting division public via a SPAC merger with Austerlitz Acquisition Corporation but had to kiss that goodbye last November.

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