On Mad Money Monday night, Jim Cramer spoke with Jay Snowden, president and CEO of Penn National Gaming. Dave Portnoy and Erika Nardini, who are the founder and the CEO of Barstool Sports, were also in the interview. Barstool has partnered with Penn for sports betting and sports-related content.
Portnoy said he's anxious for the return of sports, although Barstool has been able to keep their audience engaged with other content, like video games and the stock market, in the meantime. He said there's no doubt that when sports returns, Barstool will be the dominant player in their space.
Nardini said there is no audience like Barstool's and they have the fastest-growing audience on every social network. There is incredible growth ahead for Barstool, she said, and if the analysts don't see it, they're looking in the wrong direction.
So, what can investors learn from Portnoy's foray into day trading?
"I think he's bringing people in," said Cramer. "Those people have to make a choice: do they want to do the work or do they want to just ride momentum, or ride luck, be up or down and have no edge."
Watch More of the Latest Videos from TheStreet and Jim Cramer
- Why Weren't We Wearing Masks From the Beginning? Dr. Fauci Explains
- Coronavirus Update: Navarro Walks Back U.S.-China Trade Talk Comments
- Fauci Says 'Very Hard to See' Football Happening in Fall
- Jim Cramer: 'Rents Kill' Businesses—And Businesses Need Help
- Jim Cramer: Once You're In Apple's App Store, You'll Do Much Better