Operators / PENN Entertainment

PENN Entertainment

Operator · Penn Entertainment, Inc. · PENN · Wyomissing, Pennsylvania[1]

www.pennentertainment.com

Formerly PNRC Corp (1982-1994), then Penn National Gaming, Inc. (1994-2022); renamed Penn Entertainment Aug 2022. Bought 36% of Barstool Sports Jan 2020, remainder Feb 2023, then sold Barstool back to Dave Portnoy for $1 in Aug 2023 (plus 50% of any future sale proceeds) coincident with the ESPN BET rebrand. ESPN terminated the licensing deal early in Nov 2025; ESPN then signed a new sports-betting partnership with DraftKings, and PENN's US sportsbook brand reverted toward theScore Bet.

Subsidiaries: Barstool Sportsbook

Financials

Market cap $2.1B · PENN on NasdaqGS · Oct 11, 2026[9]

Est. U.S. revenue $7.0B · FY2025 · Total revenue; Interactive segment's Canada (Ontario/Alberta) iGaming not broken out[10]

20162025
Fiscal yearRevenue (USD)Net income (USD)Year end
FY2025$7.0B−$843MDec 31, 2025[8]
FY2024$6.6B−$312MDec 31, 2024[8]
FY2023$6.4B−$490MDec 31, 2023[7]
FY2022$6.4B$222MDec 31, 2022[7]
FY2021$5.9B$421MDec 31, 2021[7]
FY2020$3.6B−$670MDec 31, 2020[6]
FY2019$5.3B$43.9MDec 31, 2019[5]
FY2018$3.6B$93.5MDec 31, 2018[4]
FY2017$3.1B$473MDec 31, 2017[3]
FY2016$3.0B$109MDec 31, 2016[2]

Brands

Latest reported 12-month window

Available reports within each market’s latest 12-month window; missing months may make totals incomplete. License-holder totals may include partner-operated brands; rows are not necessarily additive.

StateVerticalChannelReported periodHandleGGR
PennsylvaniaOnline casinoonlineSep 1, 2025 – Aug 31, 2026$39.7B$1.1B
MissouriCommercial casinostotalSep 1, 2025 – Aug 31, 2026—$710M
OhioCommercial casinostotalSep 1, 2025 – Aug 31, 2026—$557M
PennsylvaniaCommercial casinostotalSep 1, 2025 – Aug 31, 2026$5.6B$518M
OhioVGTs / VLTstotalOct 1, 2025 – Sep 30, 2026$5.1B$454M
PennsylvaniaSports (online)onlineSep 1, 2025 – Aug 31, 2026$4.1B$393M
MassachusettsCommercial casinosretailSep 1, 2025 – Aug 31, 2026—$179M
KansasCommercial casinosretailSep 1, 2025 – Aug 31, 2026—$177M
IndianaCommercial casinostotalSep 1, 2025 – Aug 31, 2026—$148M
MichiganOnline casinoonlineSep 1, 2025 – Aug 31, 2026—$97.1M
MarylandCommercial casinostotalOct 1, 2025 – Sep 30, 2026—$85.6M
New YorkSports (online)onlineOct 6, 2025 – Oct 4, 2026$509M$38.7M
OhioSports (online)onlineSep 1, 2025 – Aug 31, 2026$290M$27.8M
MassachusettsSports (online)onlineSep 1, 2025 – Aug 31, 2026$253M$21.7M
MichiganSports (online)onlineSep 1, 2025 – Aug 31, 2026$213M$21.5M
ArizonaSports (online)onlineAug 1, 2025 – Jul 31, 2026$185M$14.8M
IndianaSports (online)onlineSep 1, 2025 – Aug 31, 2026$135M$11.9M
PennsylvaniaOnline pokeronlineSep 1, 2025 – Aug 31, 2026—$7.3M
OhioSports (retail)retailSep 1, 2025 – Aug 31, 2026$60.5M$6.6M
KentuckySports (online)onlineSep 1, 2025 – Aug 31, 2026$58.9M$6.3M
PennsylvaniaSports (retail)retailSep 1, 2025 – Aug 31, 2026$55.2M$4.6M
MichiganSports (retail)retailSep 1, 2025 – Aug 31, 2026$42.6M$4.1M
MassachusettsSports (retail)retailSep 1, 2025 – Aug 31, 2026$41.3M$3.7M
District of ColumbiaSports (online)onlineMar 1, 2025 – Feb 28, 2026$19.9M$1.8M
IndianaSports (retail)retailSep 1, 2025 – Aug 31, 2026$12.0M$1.1M
MichiganCommercial casinostotalSep 1, 2025 – Aug 31, 2026——
MarylandSports (retail)retailSep 1, 2025 – Aug 31, 2026$8.4M—
IllinoisSports (online)onlineAug 1, 2025 – Jul 31, 2026——
IndianaSports (online)totalSep 1, 2025 – Aug 31, 2026$583M—
MarylandSports (online)onlineSep 1, 2025 – Aug 31, 2026$131M—
IllinoisCommercial casinostotalOct 1, 2025 – Sep 30, 2026——
IllinoisSports (retail)retailAug 1, 2025 – Jul 31, 2026——

Licenses

LicensedNot licensed
Alaska: Not licensedAKMaine: LicensedMEVermont: Not licensedVTNew Hampshire: Not licensedNHWashington: Not licensedWAIdaho: Not licensedIDMontana: Not licensedMTNorth Dakota: Not licensedNDMinnesota: Not licensedMNWisconsin: Not licensedWIMichigan: LicensedMINew York: LicensedNYMassachusetts: LicensedMARhode Island: Not licensedRIOregon: Not licensedORNevada: Not licensedNVWyoming: LicensedWYSouth Dakota: Not licensedSDIowa: LicensedIAIllinois: LicensedILIndiana: LicensedINOhio: LicensedOHPennsylvania: LicensedPANew Jersey: LicensedNJConnecticut: Not licensedCTCalifornia: Not licensedCAUtah: Not licensedUTColorado: LicensedCONebraska: Not licensedNEMissouri: Not licensedMOKentucky: LicensedKYWest Virginia: LicensedWVVirginia: LicensedVAMaryland: LicensedMDDelaware: Not licensedDEArizona: LicensedAZNew Mexico: Not licensedNMKansas: LicensedKSArkansas: Not licensedARTennessee: LicensedTNNorth Carolina: LicensedNCSouth Carolina: Not licensedSCDistrict of Columbia: Not licensedDCOklahoma: Not licensedOKLouisiana: LicensedLAMississippi: LicensedMSAlabama: Not licensedALGeorgia: Not licensedGAHawaii: Not licensedHITexas: Not licensedTXFlorida: Not licensedFL
StateVerticalBrandLicenseStatusLaunched
ArizonaSports (online)theScore BetEvent Wagering Operatoractive[11]
ColoradoCommercial casinosAmeristar Casino Black HawkLimited Gaming Master Licenseactive[12]
ColoradoSports (online)theScore BetInternet Sports Betting Operatoractive[12]
ColoradoSports (retail)Ameristar SportsbookRetail Sports Betting Operatoractive[12]
IowaCommercial casinosAmeristar Casino Council BluffsFacility license (licensed operator)active[13],[14]
IowaSports (online)theScore BetAdvance Deposit Sports Wagering licenseeactiveDec 1, 2025[14]
IowaSports (online)ESPN BetAdvance Deposit Sports Wagering licenseeexitedNov 14, 2023[14]
IllinoisCommercial casinosArgosy Casino AltonOwners Licenseactive[15]
IllinoisCommercial casinosHollywood Casino AuroraOwners Licenseactive[15]
IllinoisCommercial casinosHollywood Casino JolietOwners Licenseactive[15]
IllinoisSports (online)ESPN BETManagement Services Providertemporary[16]
IllinoisSports (retail)Argosy Casino AltonOwners License (Master Sports Wagering)active[17]
IllinoisSports (retail)Hollywood Casino AuroraOwners License (Master Sports Wagering)active[17]
IllinoisSports (retail)Hollywood Casino JolietOwners License (Master Sports Wagering)active[17]
IndianaCommercial casinosAmeristar Casino East ChicagoOwner's Licenseactive[18]
IndianaCommercial casinosHollywood Casino LawrenceburgOwner's Licenseactive[18]
IndianaSports (online)theScore BetSports Wagering Vendor License (SWV)active[19]
IndianaSports (retail)The SportsbookSports Wagering Certificate of Authorityactive[20]
IndianaSports (retail)The SportsbookSports Wagering Certificate of Authorityactive[20]
KansasCommercial casinosHollywood Casino at Kansas SpeedwayLottery Gaming Facility Manageractive[21]
KansasSports (online)ESPN BetInteractive sports wagering platform providerexitedNov 14, 2023[22]
KansasSports (online)theScore BetInteractive sports wagering platform provideractiveDec 1, 2025[22]
KentuckySports (online)theScore Bet (PENN Sports Interactive)activeSep 28, 2023[23],[24]
LouisianaCommercial casinosBoomtown Bossier CityRiverboat casino licenseactive[25],[26]
LouisianaCommercial casinosBoomtown New OrleansRiverboat casino licenseactive[26]
LouisianaCommercial casinosL'Auberge Casino Resort Lake CharlesRiverboat casino licenseactive[25],[26]
LouisianaCommercial casinosL'Auberge Baton RougeRiverboat casino licenseactive[26]
LouisianaCommercial casinosMargaritaville Resort CasinoRiverboat casino licenseactive[27]
LouisianaSports (online)theScore BetOnline sports wagering platform license #B016503440activeDec 1, 2025[28]
LouisianaSports (online)ESPN BetOnline sports wagering platform license #B016503440exitedNov 14, 2023[28],[29]
MassachusettsCommercial casinosPlainridge Park CasinoCategory 1 Gaming License (slots facility)active[30],[31]
MassachusettsSports (online)theScore Bet / ESPN BETCategory 3 Sports Wagering License (tethered)active[30]
MarylandCommercial casinosHollywood Casino Perryvilleactive[32],[33]
MaineCommercial casinosHollywood Casino Hotel & Raceway (Bangor)active2005[34]
MichiganCommercial casinosHollywood Casino at Greektownactive[35]
MichiganOnline casinotheScore Bet Casino (Hollywood Greektown)active[35]
MichiganSports (online)theScore Bet Sportsbook (Hollywood Greektown)active[35]
MississippiCommercial casinosBoomtown Casino - BiloxiCommercial casino licenseactive[36]
MississippiCommercial casinosHollywood Casino Bay St. LouisCommercial casino licenseactive[36],[37]
MississippiCommercial casinosHollywood Casino - TunicaCommercial casino licenseactive[36],[38]
MississippiCommercial casinos1st Jackpot Casino TunicaCommercial casino licenseactive[36],[39]
MississippiCommercial casinosAmeristar Casino Hotel VicksburgCommercial casino licenseactive[36]
North CarolinaSports (online)theScore BetInteractive Sports Wagering Operator #NCO-0001activeMar 11, 2024[40],[41]
New JerseyOnline casinotheScore Bet Casino (NJ)active[42]
New JerseyOnline casinoHollywood Casino (NJ)active[42]
New JerseySports (online)theScore Bet Sportsbook (NJ)active[43]
New YorkSports (online)theScore BetMobile Sports Wagering Platform Provider Licenseactive[44]
OhioCommercial casinosHollywood Casino ColumbusCasino Operator Licenseactive[45]
OhioCommercial casinosHollywood Casino ToledoCasino Operator Licenseactive[45]
OhioSports (online)ESPN BETType-A Sports Gaming Proprietor (Mobile)active[45]
OhioSports (retail)ESPN BET retailType-B Sports Gaming Proprietor (Retail)active[45]
OhioSports (retail)ESPN BET retailType-B Sports Gaming Proprietor (Retail)active[45]
OhioSports (retail)ESPN BET retailType-B Sports Gaming Proprietor (Retail)active[45]
OhioSports (retail)ESPN BET retailType-B Sports Gaming Proprietor (Retail)active[45]
OhioVGTs / VLTsBelterra ParkVLT Racinoactive[45]
OhioVGTs / VLTsHollywood Gaming at Mahoning ValleyVLT Racinoactive[45]
OhioVGTs / VLTsHollywood Gaming at Dayton RacewayVLT Racinoactive[45]
PennsylvaniaOnline casinotheScoreBet Casino (Hollywood York)activeDec 1, 2025[46]
PennsylvaniaOnline casinoHollywood Casino (online, York)activeDec 19, 2024[46]
PennsylvaniaOnline casinoBarstool Sportsbook / Casino (PA iGaming)exitedMay 5, 2021[46]
PennsylvaniaOnline casinoHollywood Casino (legacy online, PNRC)exitedJul 18, 2019[46]
PennsylvaniaOnline casinoESPN Bet (PA iGaming)exitedNov 14, 2023[46]
PennsylvaniaSports (online)theScoreBet Sportsbook (PA)activeDec 1, 2025[47],[46]
PennsylvaniaSports (online)Barstool Sportsbook (PA sports)exitedSep 18, 2023[47]
PennsylvaniaSports (retail)Hollywood PNRC Sportsbook (retail/OTB)activeNov 17, 2018[47]
TennesseeSports (online)theScore BetOnline Sports Wagering Operatoractive[48]
VirginiaSports (online)theScore BetSports Betting Permit Holderactive[49]
West VirginiaCommercial casinosHollywood Casino at Charles Town Racesactive[50],[51]
West VirginiaSports (retail)Hollywood Casino SportsbookactiveAug 30, 2018[51]
WyomingSports (online)ESPN Bet / theScore Bet Sportsbook (Wyoming)Online sports-wagering operator permit (Wyo. Stat. Title 11, ch. 25)pending[52]

Regulatory actions

DateStateAgainstActionAmountWhat happened
Aug 27, 2024MassachusettsPenn Sports Interactive, LLC d/b/a Barstool SportsbookFine
Sports (online)
$25,000PSI was fined for its "Big Cat's Can't Lose Parlay" promotion on March 10, 2023, which the Commission found was unfair and deceptive advertising under G.L. c. 23N, §4(c) because it implied a risk-free bet without adequate disclosures; the promotion drew 1,160 Massachusetts bets totaling $18,468.[53]
Jun 20, 2024IndianaAmeristar Casino East Chicago, LLCSettlement
Commercial casinos
$27,000Ameristar East Chicago settled Order 2024-78 after allowing a minor to access the casino floor on six separate occasions.[54]
Feb 28, 2024IllinoisAlton Argosy LLC d/b/a Argosy Casino AltonFine
Commercial casinos
$25,000The IGB fined the Penn Entertainment-owned casino $25,000 after two unlicensed individuals were found working in restricted casino areas using vendor badges rather than required occupational gaming licenses.[55]
Sep 20, 2023OhioHollywood Casino ColumbusFine
Commercial casinos
$200,000OCCC fined Hollywood Casino Columbus, a PENN Entertainment property, $200,000 under a settlement citing "security understaffing and the ability of individuals younger than 21 to access the casino"; PENN declined a hearing to contest the allegations.[56]
Jul 21, 2023MassachusettsPlainridge Park CasinoFine
Sports (retail)
$20,000Plainridge Park Casino was fined for accepting 33 kiosk wagers totaling $6,847.71 on a Feb. 2, 2023 Merrimack College men's basketball game after its vendor Kambi mistakenly coded the in-state team as being located in Florida.[57]
Feb 15, 2023OhioPenn Sports Interactive (Barstool Sportsbook)Fine
Sports (online)
$250,000OCCC fined Penn Sports Interactive $250,000 after Barstool Sportsbook promoted its app during a Barstool College Football Show taped on the University of Toledo campus, violating Ohio's ban on sportsbook promotion at colleges; compliance officer Chris Soriano said the company "fell short of the mark."[58]

Sources

  1. Penn Entertainment · retrieved Oct 10, 2026
  2. PENN ENTERTAINMENT, INC. Form 10-K filed 2019-02-28 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  3. PENN ENTERTAINMENT, INC. Form 10-K filed 2020-02-27 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  4. PENN ENTERTAINMENT, INC. Form 10-K filed 2021-02-26 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  5. PENN ENTERTAINMENT, INC. Form 10-K filed 2022-02-28 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  6. PENN ENTERTAINMENT, INC. Form 10-K filed 2023-02-23 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  7. PENN ENTERTAINMENT, INC. Form 10-K filed 2024-02-22 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag Revenues

  8. PENN ENTERTAINMENT, INC. Form 10-K filed 2026-02-26 · retrieved Oct 11, 2026

    XBRL company facts, CIK 921738; revenue tag RevenueFromContractWithCustomerIncludingAssessedTax

  9. PENN (PENN) quote · retrieved Oct 11, 2026
  10. PENN Entertainment, Inc. - Form 10-K - FY2025 · retrieved Oct 11, 2026
  11. Approved Operators & Retail Locations · retrieved Oct 10, 2026
  12. Online & Retail Sports Betting Operators (Colorado Division of Gaming live licensee workbook) · retrieved Oct 10, 2026

    This Google Sheet is embedded/linked from the Division's official sbg.colorado.gov/licensed-sports-books-and-operators page via a "This active spreadsheet" link; the page itself renders its body content client-side so it was read via the sheet's CSV export.

  13. Ameristar II -- Facility License · retrieved Oct 10, 2026
  14. Sports Wagering Operators · retrieved Oct 10, 2026
  15. Casino Gambling: Applicant & Licensee Lists (Owners Applicants & Licensees) · retrieved Oct 10, 2026
  16. Sports Wagering: Applicant & Licensee Lists (Management Services Provider Applicants & Licensees) · retrieved Oct 10, 2026
  17. Sports Wagering: Applicant & Licensee Lists (Master Sports Wagering Applicants & Licensees) · retrieved Oct 10, 2026
  18. Indiana Casino Licensees & Operating Agent (Current as of: September 24, 2026) · retrieved Oct 10, 2026
  19. Sports Wagering Vendor Licensing (Current as of: 07/27/2026) · retrieved Oct 10, 2026
  20. Sports Wagering Certificate of Authority Holders (Current as of: 07/27/2026) · retrieved Oct 10, 2026
  21. Certified Lottery Gaming Facility Managers · retrieved Oct 10, 2026
  22. Barstool Sportsbook Takes Marquee Partner For Kansas Sports Betting · retrieved Oct 10, 2026
  23. Approved Sports Betting Licensees and their Partners · retrieved Oct 10, 2026

    Fetched directly via gld.fetch.get (Chrome TLS impersonation) and parsed with pdfplumber; the primary source used to re-confirm all sports-wagering/track pairings in this review pass.

  24. Fanatics joins the list of 8 online operators approved for KY betting licenses · retrieved Oct 10, 2026

    Direct fetch of this exact URL, and of a companion legalsportsreport.com article on the same approvals, both returned HTTP 403 in this research pass. The track-operator pairings (Caesars/The Red Mile+Keeneland, PENN Sports Interactive/Ellis Park, DraftKings/The Mint Gaming Hall at Cumberland Run, FanDuel/Turfway Park+Newport Racing and Gaming, BetMGM/Sandy's Racing and Gaming), the Aug. 22, 2023 temporary-license approval date, retail launch (Sept. 7, 2023) and mobile launch (Sept. 28, 2023) dates, and the full approved service-provider list (bet365, Caesars, Circa Sports, DraftKings, Fanatics, FanDuel, Penn Sports Interactive, plus supplier Kambi) are drawn from a search-engine result summary of this article and companion kfvs12.com/wkyt.com/wymt.com local-news coverage of the same KHRC approval, not independently re-verified by direct fetch. None of these sources mention Kentucky Downs having a sports-wagering partner.

  25. Louisiana Central Gaming Registry -- Ownership Organizational Charts of Casino Licenses · retrieved Oct 10, 2026
  26. Pinnacle Entertainment, owner of Boomtown, to be bought in $2.8 billion deal · retrieved Oct 10, 2026
  27. Margaritaville Resort Casino · retrieved Oct 10, 2026
  28. Licensed Wagering Platforms · retrieved Oct 10, 2026
  29. Louisiana Mobile Sports Betting Shoots for January · retrieved Oct 10, 2026
  30. Sports Wagering Licensees · retrieved Oct 10, 2026
  31. Wynn dominates Massachusetts; Scientific disappoints · retrieved Oct 10, 2026
  32. Maryland's Casinos · retrieved Oct 10, 2026
  33. Cordish Cos., Penn National partnering (and related Daily Record casino coverage) · retrieved Oct 10, 2026

    Direct fetch not performed in this pass; Penn National Gaming (now Penn Entertainment) as Hollywood Casino Perryville's operator is drawn from a search-engine result summary of 2012-2014 Daily Record/CDC Gaming coverage; current ownership not independently reverified (gap).

  34. Gambling in Maine · retrieved Oct 10, 2026

    secondary source only; used for casino ownership/history.

  35. Authorized Online Gaming and Sports Betting Platform Providers in Michigan · retrieved Oct 10, 2026
  36. Mississippi Gaming Commission Public Information: Monthly Survey Information (Property Data), August 1-31, 2026 · retrieved Oct 10, 2026
  37. List of casinos in Mississippi · retrieved Oct 10, 2026
  38. Hollywood Casino Tunica · retrieved Oct 10, 2026
  39. 1st Jackpot Casino Tunica · retrieved Oct 10, 2026
  40. Approved Licensees · retrieved Oct 10, 2026
  41. N.C. General Statutes, Chapter 18C, Article 9 -- Sports Wagering · retrieved Oct 10, 2026

    Statewide interactive sports-wagering launch date (March 11, 2024) carried over from data/jurisdictions/NC.yaml's existing sports_online entry; not a direct quote from the statute text itself, which sets the legal framework rather than the specific launch date.

  42. Internet Gaming Authorized Sites · retrieved Oct 10, 2026
  43. Sports Wagering · retrieved Oct 10, 2026
  44. Sports Wagering · retrieved Oct 10, 2026
  45. Sports Gaming Proprietors and Services Providers (Last Updated 10/16/2025) · retrieved Oct 10, 2026
  46. Licensed Interactive Gaming Certificateholders and Authorized Interactive Gaming Websites · retrieved Oct 10, 2026
  47. Sportsbook Master List · retrieved Oct 10, 2026
  48. Licensees & Registrants | Tennessee Sports Wagering Council · retrieved Oct 10, 2026
  49. Sports Betting in Virginia | Virginia Lottery · retrieved Oct 10, 2026
  50. List of casinos in West Virginia · retrieved Oct 10, 2026

    secondary source only

  51. Hollywood Casino Takes First Legal Sports Bet In West Virginia · retrieved Oct 10, 2026

    Direct fetch of this exact URL was not performed in this pass; date and facts (Aug. 30, 2018 first wager) are corroborated across multiple outlets returned by the same search query.

  52. Wyoming Sports Betting · retrieved Oct 10, 2026

    secondary source only; confirmed via search-result text on FanDuel's Mar. 10, 2022 launch, Caesars' mid-2022 launch, Fanatics' May 29, 2024 launch, and Penn Entertainment's reported approved-but-unlaunched status.

  53. In the Matter of: Penn Sports Interactive, LLC Noncompliance Incident, Decision · retrieved Oct 11, 2026
  54. Indiana Gaming Commission Business Meeting Minutes, June 20, 2024 · retrieved Oct 11, 2026
  55. DC-C-24-01 In re: Discipline of Alton Argosy LLC d/b/a Argosy Casino Alton · retrieved Oct 11, 2026
  56. Ohio Commission imposes $200,000 penalty on Hollywood Casino Columbus · retrieved Oct 11, 2026
  57. In the Matter of: Plainridge Park Casino Potential Noncompliance Incident, Decision · retrieved Oct 11, 2026
  58. DraftKings, Barstool Fined for Ohio Sports Betting Violations · retrieved Oct 11, 2026