![]() Revenue at DraftKings, FanDuel, Caesars Sportsbook and BetMGM soared during the pandemic as more fans with time on their hands placed bets. ![]() The broadcaster wants to grow revenue by serving sports gambling fanatics, while Penn was looking for a new sports betting partner after severing its partnership with Barstool, Brandt said,įor both companies, what's at stake is grabbing a piece of the rapidly growing sports gambling industry. ![]() The states that first will offer ESPN Bet are:Ĭreating ESPN Bet is a strategic move for both Penn and ESPN. They think they can offer a better product." "They want to make it like one-stop shopping where you go to check the score and there's your betting opinions right there. "ESPN and Penn believe they can infiltrate this market," Andrew Brandt, a sports business professor at Villanova University, told CBS MoneyWatch.
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