{"id":279138,"date":"2023-06-26T16:41:58","date_gmt":"2023-06-26T21:41:58","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=279138"},"modified":"2023-06-27T12:33:19","modified_gmt":"2023-06-27T17:33:19","slug":"barstool-sportsbook-plans-at-phoenix-raceway-on-pause","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/","title":{"rendered":"NASCAR Halts Plans for Barstool Sportsbook at Phoenix Raceway"},"content":{"rendered":"

NASCAR is pumping the brakes on plans to open a Barstool sportsbook at Phoenix Raceway, which hosts two Cup Series events annually.<\/p>\n

\"Phoenix
Phoenix Raceway. Plans for a Barstool sportsbook there have been halted. (Image: NASCAR.com)<\/figcaption><\/figure>\n

In an interview with Gaming Today\u2019s<\/em> Brant James, NASCAR Managing Director of Sports Betting Joe Solosky said the economics of a brick-and-mortar sportsbook at the track need to make sense for Penn Entertainment (NASDAQ: PENN)<\/a>, the parent company of Barstool Sportsbook.<\/p>\n

Right now, it just doesn\u2019t make sense to build out that retail book at the racetrack,\u201d<\/strong> Solosky said in the interview.<\/p><\/blockquote>\n

Other Phoenix-area stadiums and arenas are homes to retail sportsbooks. Those include Chase Field, home of the Arizona Diamondbacks, and State Farm Stadium, which is the home field for the NFL\u2019s Arizona Cardinals. The home arena for the NBA\u2019s Phoenix Suns and the WNBA\u2019s Mercury also has a FanDuel sportsbook, while a DraftKings retail book is scheduled to open later this year at TPC Scottsdale. The Stadium Course there hosts the PGA Tour\u2019s Phoenix Open.<\/p>\n

Phoenix Raceway Calendar Problematic for Penn<\/h2>\n

Any brick-and-mortar sportsbook located at a stadium or raceway is dependent on the number of events hosted by that venue.<\/p>\n

\n

As Solosky noted in the Gaming Today<\/em> interview, that could be an issue Penn Entertainment is monitoring, because as things stand today, Phoenix Raceway hosts just two Cup Series events per year, and its contract to host the championship race expires next year. The track also hosts ARCA, Craftsman Truck, and Xfinity series races. But those events don\u2019t draw crowds on par with the Cup Series.<\/p>\n<\/div>\n

That makes for tough comparisons with an MLB stadium or NBA arena, which host 81 and 41 regular season games per year, respectively.<\/p>\n

Likewise, Phoenix Raceway hosts concerts<\/a>. But attendees to those events likely aren\u2019t looking to place wagers. At least not to the level that an operator requires to have a sportsbook open during a concert. Barstool Sports offers mobile sports betting in Arizona, and that footprint wouldn\u2019t be threatened should Penn ultimately decide against building a physical book at the racetrack.<\/p>\n

NASCAR’s Betting Ties<\/h2>\n

Over the past several years, NASCAR has increased its embrace of the casino gaming and sports wagering industries. Today, three Cup Series races<\/a> are sponsored by casino operators, including Penn. That company sponsored the \u201cHollywood Casino 400, presented by Barstool Sportsbook\u201d in Kansas last September.Additionally, 19, or more than half, of the points-paying Cup Series races take place in states where sports betting is legal. That includes six of the 10 races that comprise the NASCAR playoffs.<\/strong><\/p>\n

While NASCAR still lags football and basketball, among others, in terms of handle, the motorsport is gaining popularity among some bettors. One reason why is the variety of wagers a bettor can consider on just one NASCAR race. In addition to attempting to properly pick the race winner, bettors can wager on head-to-head props, including whether a driver will finish in the top five or top 10, and manufacturer odds, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

NASCAR is pumping the brakes on plans to open a Barstool sportsbook at Phoenix Raceway, which hosts two Cup Series events annually. In an interview with Gaming Today\u2019s Brant James, NASCAR Managing Director of Sports Betting Joe Solosky said the economics of a brick-and-mortar sportsbook at the track need to make sense for Penn Entertainment […]<\/p>\n","protected":false},"author":46,"featured_media":279139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83320,1074],"tags":[82542,80968],"acf":[],"yoast_head":"\nBarstool Sportsbook Plans At Phoenix Raceway On Pause<\/title>\n<meta name=\"description\" content=\"Effort to build Barstool sportsbook at Phoenix Raceway is on hold for now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barstool Sportsbook Plans At Phoenix Raceway On Pause\" \/>\n<meta property=\"og:description\" content=\"Effort to build Barstool sportsbook at Phoenix Raceway is on hold for now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T21:41:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-27T17:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/PR2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"922\" \/>\n\t<meta property=\"og:image:height\" content=\"502\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/\",\"url\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/\",\"name\":\"Barstool Sportsbook Plans At Phoenix Raceway On Pause\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/PR2.jpg\",\"datePublished\":\"2023-06-26T21:41:58+00:00\",\"dateModified\":\"2023-06-27T17:33:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Effort to build Barstool sportsbook at Phoenix Raceway is on hold for now.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/barstool-sportsbook-plans-at-phoenix-raceway-on-pause\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/PR2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/PR2.jpg\",\"width\":922,\"height\":502,\"caption\":\"Phoenix Raceway. Plans for a Barstool sportsbook there have been halted. 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