Welcome ESPN Bet To Online Sports Betting

ESPN, the Worldwide Leader in Sports, has signed a licensing deal with Penn Entertainment to create ESPN BET, which will available to customers in the United States.

As part of the deal, Penn Entertainment will rebrand its current sportsbook to ESPN BET. This will happen later this fall in the 16 states where the company is registered. And the rebound is expected to include a website, a mobile app, a mobile website and mutually agreed upon retail locations. Ready? Let’s discuss pros and cons. Firstly, ESPN is huge. If you’re talking sports betting then you’re set. ESPN Bet will have all the odds. From NFL to WNBA. We do not know their bonuses yet.

The deal requires Penn to pay ESPN $1.5 billion in cash over 10 years! Plus, as well as grant ESPN $500 million of warrants to purchase approximately 31.8 million common shares of Penn. The payout could become bigger due to options for ESPN to receive more bonuses based on the performance of ESPN BET. Looking for a new sportsbook for you? Check out our updated reviews for this NFL season.

ESPN’s partnership with Penn is the company’s latest foray into sports gaming. They have daily betting-focused shows on television, have betting odds with game previews on their website, and other programs that focus on the gaming industry on multiple platforms.

ESPN Bet Sportsbook Review

ESPN Bet Sportsbook Review

“With ESPN you’re talking about a brand that everybody in the world knows about,” PENN CEO Jay Snowden said on the company’s earnings call on Wednesday morning. “It’s not an old brand. Not a young brand. It’s an everything brand. There’s a lot of affinity for that brand. And so we think that’s going to be extremely complementary to what we’ve built over the course of last three years.”

ESPN BET will be the company’s exclusive sportsbook. Also, will be part of its programming and content integrations starting this fall, and it will allow their audience to place bets through ESPN’s digital products. Barstool Sportsbook players will have their accounts merged. This means nothing changes if you have an account.

“Our primary focus is always to serve sports fans. We know they want both betting content and the ability to place bets with less friction from within our products,” ESPN chairman Jimmy Pitaro said. “The strategy here is simple: to give fans what they’ve been requesting and expecting from ESPN.” You cannot join ESPN Bet yet. However, you can join BetNow today.

Penn is currently allowed to run online sportsbooks in 16 states — Arizona, Colorado, Iowa, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia.
According to the American Gaming Association, an estimated $93.2 billion was placed in bets during the 2022 calendar year. This being was 63% higher than the estimated the legal sportsbook revenue the previous year.

August 23, 2023 by : Posted in 2024 No Comments

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