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Not just one bite: Barstool Fund has raised more than $20.9M for small businesses By Howard Stutz, Executive Editor, CDC Gaming Reports January 9, 2021 at 5:00 am Back in October, Dave Portnoy, founder and “El Presidente” of media platform Barstool Sports, decided to help save the historic Reading Terminal Market in downtown Philadelphia, which had been hit hard by COVID-19 lockdowns. With an assist from casino operator Penn National Gaming, which owns 36% of Barstool, more than $250,000 was raised for location. Penn donated $100 for every new Barstool Sportsbook app that was activated over a 24-hour period with a deposit of $100 or more. “This is largely due to Dave and his profile online,” Penn CEO Jay Snowden said at the time, crediting Barstool’s loyal 66 million-plus followers – often referred to as “Stoolies” – who are avid viewers of the platform’s social-media and internet channels.
In his a previous rant on Instagram, which received nearly 6 million views since posted one week ago, Portnoy railed against politicians for stealing people’s right to work and earn a living. As a business founder himself, he knows personally how detrimental the restrictions are and how heartbreaking the losses can be. “I can’t believe in this country that what I consider the most basic right of them all, the right to earn a living, the right to earn a livelihood, is now being stolen,” he said. “And they’re saying that they protect us. Let us protect ourselves. You’re not protecting a family that you just destroyed.”