Dave Portnoy, proprietor of digital media outfit Barstool Sports activities, stated he received $2.76 million on a $600,000 wager that the College of Connecticut males’s basketball staff would prevail within the championship recreation over Purdue.
“The best guess of my life,” Portnoy posted on X after the sport’s conclusion, alongside a screenshot displaying his profitable guess on DraftKings. “Thanks #uconn Destroyed everyone and every part of their path. They’d win the event 100 out of 100 instances. The most important win of my life by a mile.”
The UConn Huskies claimed the 2024 NCAA males’s basketball championship trophy — the staff’s second straight title — with their decisive 75-60 win over the Purdue Boilermakers Monday night time. This 12 months, People have been anticipated to legally guess greater than $2.72 billion on the boys’s and ladies’s collegiate nationwide basketball tournaments, according to the American Gaming Affiliation.
Final summer time, Portnoy purchased Barstool again from on line casino and on-line playing operator Penn Leisure for $1. That got here simply months after Penn Leisure paid a complete of about $550 million to amass 100% management of Barstool, earlier than deciding to half methods with Barstool. Penn’s hearth sale of Barstool again to Portnoy got here as Penn entered into a significant take care of ESPN to rebrand the web sports-betting enterprise from Barstool Sportsbook to ESPN Guess.
On the time of the deal to purchase again Barstool Sports activities, which Portnoy had based in 2003, he conceded that “we underestimated simply how powerful it’s for myself and Barstool to function in a regulated world.” In accordance with Portnoy, “We received denied [gambling] licenses due to me. So the regulated trade [is] in all probability not the perfect place for Barstool Sports activities and the kind of content material we make.”
Portnoy is a graduate of the College of Michigan (which didn’t make the March Insanity event this 12 months) with a level in schooling.
