Market Overview

Penn National Gaming Set to Launch Sports Betting at Hollywood Casino at Charles Town Races on September 1st

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Penn National Gaming, Inc. (PENN:Nasdaq) ("Penn National" or the
"Company") announced today that they expect to begin offering sports
betting at Hollywood Casino at Charles Town Races on September 1st.
The Company's West Virginia sports book will be managed by William Hill
US, the largest sports betting operator in the United States.

Timothy J. Wilmott, Chief Executive Officer, commented: "Penn National
is excited to soon begin offering sports wagering for our customers in
West Virginia. The enthusiasm around sports betting has been growing
since the federal ban was repealed in May, and we look forward to
providing our patrons with another great amenity to enjoy at Hollywood
Casino at Charles Town Races."

Penn National plans to offer a state-of-the-art sports betting
experience at Hollywood Casino at Charles Town Races. The Company has
been actively developing a new sports book conveniently located near the
Skybox Sports Bar, installing new walls and adding dozens of new
televisions for customers to enjoy sports action from across the country
and around the world.

"Our customers can't wait to begin wagering on sports," said Scott
Saunders, General Manager at Hollywood Casino at Charles Town Races.
"This region is a hotbed of both professional sports and college
athletics, and we look forward to becoming a destination for fans in
West Virginia, Virginia, Maryland, and Washington, DC."

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming
and racing facilities and video gaming terminal operations with a focus
on slot machine entertainment. At June 30, 2018, the Company operated
twenty-eight facilities in sixteen jurisdictions, including Florida,
Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri,
Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West
Virginia, and Ontario, Canada. At June 30, 2018, in aggregate, Penn
National Gaming operated approximately 34,100 gaming machines, 770 table
games and 4,800 hotel rooms. The Company also offers social online
gaming through its Penn Interactive Ventures division.

About William Hill

William Hill PLC is one of the world's leading betting and gaming
companies, employing over 16,000 people. Its origins are in the UK where
it was founded in 1934, and where it is listed on the London Stock
Exchange. The majority of its $2.1 billion annual revenues are still
derived from the UK, where it has a national presence of licensed
betting offices and one of the leading online betting and gaming
services. In 2012, it established William Hill US with a focus on retail
and mobile operations in Nevada, which is now the largest sports betting
business in the USA. William Hill US currently operates 107 race and
sports books in Nevada and the state's leading mobile sports betting
app. Following the ruling in May 2018 by the Supreme Court that the
federal ban on state sponsored sports betting was unconstitutional, the
company is planning to operate where permitted by law throughout
America. William Hill US is already operating in New Jersey at Monmouth
Park Racetrack and Ocean Resort Casino and is the exclusive risk manager
for the sports lottery in Delaware. William Hill also has licensed
operations in The Bahamas, Italy and Spain and serves online customers
throughout the world from its Online headquarters in Gibraltar.

Forward-looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the expected impact of sports betting on
the Company's operations. These statements can be identified by the use
of forward looking terminology such as "expects," "believes,"
"estimates," "projects," "intends," "plans," "seeks," "may," "will,"
"should" or "anticipates" or the negative or other variations of these
or similar words, or by discussions of future events, strategies or
risks and uncertainties. Although the Company believes that its
expectations are based on reasonable assumptions within the bounds of
its knowledge of its business, there can be no assurance that actual
results will not differ materially from our expectations. Meaningful
factors that could cause actual results to differ from expectations
include, but are not limited to, risks related to entering into a new
line of business, including our ability to establish and maintain
relationships with key partners or vendors and to generate sufficient
returns on investment, as well as risks relating to potential
legislation in various jurisdictions, and other factors as discussed in
the Company's Annual Report on Form 10-K for the year ended December 31,
2017, subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, each as filed with the United States Securities and Exchange
Commission. The Company does not intend to update publicly any
forward-looking statements except as required by law. In light of these
risks, uncertainties and assumptions, the forward-looking events
discussed in this press release may not occur.

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