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Barstool Proprietor Dave Portnoy Boasts That He Received $2.7 Million on UConn’s NCAA March Insanity Victory: ‘Best Wager of My Life’

Dave Portnoy, owner of digital media outfit Barstool Sports, said he won $2.76 million on a $600,000 wager that the University of Connecticut men’s basketball team would prevail in the championship game over Purdue. “The greatest bet of my life,” Portnoy posted on X after the game’s conclusion, alongside a screenshot showing his winning bet

Barstool Proprietor Dave Portnoy Boasts That He Received $2.7 Million on UConn’s NCAA March Insanity Victory: ‘Best Wager of My Life’

Dave Portnoy, proprietor of digital media outfit Barstool Sports, mentioned he received $2.76 million on a $600,000 wager that the College of Connecticut males’s basketball staff would prevail within the championship sport 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 thing of their path. They’d win the match 100 out of 100 occasions. The largest 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 evening. This yr, People had 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 bought Barstool back from casino and online gambling operator Penn Entertainment for $1. That got here simply months after Penn Leisure paid a complete of about $550 million to accumulate 100% management of Barstool, earlier than deciding to part ways with Barstool. Penn’s hearth sale of Barstool again to Portnoy got here as Penn entered into a major deal with ESPN to rebrand the web sports-betting enterprise from Barstool Sportsbook to ESPN Wager.

In style on Selection

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 robust it’s for myself and Barstool to function in a regulated world.” In line with Portnoy, “We bought denied [gambling] licenses due to me. So the regulated business [is] in all probability not one of the best 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 match this yr) with a level in training.

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