Penn National Gaming Inc. shares rose as much as 4.5% in early trading Tuesday after Morgan Stanley said Penn’s minority owned Barstool Sportsbook betting app achieved a record 21,000 downloads per day in its first weekend, breaking DraftKings Inc.’s and Flutter Entertainment Plc’s FanDuel’s daily records.
Preliminary data from market intelligence firm Sensor Tower show Barstool sportsbook app, which soft launched in Pennsylvania on Sept. 15, had 63,000 downloads in its first weekend, analyst Thomas Allen wrote in a note.
That compares to DraftKing’s sportsbook downloads of just 4,000 during its opening weekend in New Jersey in Aug. ...
