Commissar SFLUFAN Posted August 8, 2023 Share Posted August 8, 2023 ESPN Inks $2B Deal for Gambling Venture With Penn Entertainment WWW.HOLLYWOODREPORTER.COM As part of the deal, Penn will sell Barstool Sports back to founder Dave Portnoy. Quote In a major sports betting deal, ESPN has cut a $2 billion deal with casino owner Penn Entertainment to launch ESPN Bet, a branded sportsbook. ESPN Bet will launch this fall in the 16 states where Penn has sports betting licenses. It will replace the Barstool Sportsbook. Penn is paying ESPN $1.5 billion in cash over the 10-year term, with another $500 million in warrants that will vest over the term “in exchange for media, marketing services, brand and other rights provided by ESPN.” Conflict of interest? What conflict of interest? Quote Link to comment Share on other sites More sharing options...
Biggie Posted August 8, 2023 Share Posted August 8, 2023 No way I’d bet with them. Fuck that. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted August 9, 2023 Share Posted August 9, 2023 A story that involves the intersection of ESPN, gambling, and Barstool Sports. Jesus Christ it's a singularity for blowing ass. 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 9, 2023 Share Posted August 9, 2023 Hopefully no NFL players gamble with it. Quote Link to comment Share on other sites More sharing options...
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