Despite seeing early success in Ontario, Canadian company theScore will be shutting down its U.S. sportsbook at the start of July.
Online betting went live in Ontario on April 4, and theScore accounts for 50% of the app downloads in the province. The company is based in Toronto.
Penn National Gaming, which owns Barstool Sports and the Barstool Sportsbook, acquired theScore for $2 billion last year. The move allows theScore to focus its resources on its operation in Canada, while Barstool does the same in the U.S.
"This move enables us to maximize the value of both brands through our organic media and gaming approach. Key to our strategy is integrating theScore media app with Barstool Sportsbook, which we're currently working towards," theScore COO Benjie Levy said. "Bringing together theScore's powerful mobile sports media platform with Barstool Sportsbook in a unified ecosystem, supported by our in-house technology and custom integrations, will strengthen the overall U.S. product offering and broaden its reach."
By June 15, theScore Bet will no longer accept new deposits from inside the U.S. Unfortunately there is no way theScore users will be able to transfer any remaining balances over to Barstool.
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