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Business
April 16, 2024
ESPN Bet’s Underperformance Causes Analyst to Lower Penn’s Price Target
In a recent development impacting the stock market, Penn Entertainment saw a downgrade in its price target by Deutsche Bank analyst Carlo Santarelli. The analyst revised the target down to $19 per share from the previous $22, maintaining a “Neutral” rating. This alteration came in the wake of a turbulent trading day where Penn Entertainment’s […]
Sports
March 26, 2024
ESPN Host Calls Betting Pick “Risk-Free,” Sparks Online Outrage
Rece Davis, an American sports television journalist for ESPN, has corrected a controversial statement he made last weekend. Davis, who had said that an analysts’ betting recommendation is a “risk-free investment,” retracted his earlier statement, reminding players to wager responsibly. The original comment was made during College GameDay, a pre-game show broadcast airing on ESPN […]
Sports
March 22, 2024
ESPN Men’s Tournament Challenge Collects a Record Number of Brackets
This year’s edition of the ESPN Men’s Tournament Challenge has collected 22.6 million completed brackets before the start of March Madness, ESPN announced. This is a new record-setting figure for the highly popular college basketball bracket game. According to ESPN’s official announcement, the new number of brackets represents an increase of 13% compared to last […]
Business
March 15, 2024
Penn Entertainment’s CEO Celebrates the Success of ESPN BET
In mid-November, ESPN BET, the newest sportsbook at the time that is the result of a transformation of Barstool Sportsbook, officially launched in 17 US states. The launch came after an agreement between ESPN and Penn Entertainment that paved the way for the new exclusive sportsbook that promised exceptional betting experiences. The entry of ESPN […]
Sports
January 12, 2024
Penn’s ESPN Bet App Outperforms Barstool in Wagers and Market Share
Penn Entertainment Inc.’s ESPN Bet sports-betting app is seeing a surge in wagers, surpassing the performance of its former Barstool brand, according to industry analysts and state data. Penn’s Success Is Unveiled in Maryland and Iowa Betting Spree Maryland reported a significant spike in mobile wagers on ESPN Bet, reaching $42.4 million in December compared […]
Business
December 21, 2023
Michigan Betting Handle Sets Record in November amid ESPN Bet Launch
Earlier this week, the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), released its latest report, uncovering details regarding the performance of commercial and tribal online gambling and betting operators. In total, gross receipts from sports betting and online gambling hit $209.2 million in November, representing a 1,9% increase when compared to the […]
Sports
December 19, 2023
Massachusetts Collects Record $654.4M in November
This is the third largest for the nation in the month at the time of writing with the Bay State overtaking Maryland’s $550.7 million by a considerable margin and landing a long way behind New York which raked in $2.12 billion in total wagers placed, and New Jersey with its $1.62 billion in wagers. The […]
Sports
December 19, 2023
ESPN Gears Product Offering to Attract More Women
Not least because its founder, David Portnoy, was embroiled in a scandal that involved women making allegations against the sports betting entrepreneur over rough sexual encounters. ESPN Bet, the brand that has replaced Barstool, though may be the exact opposite, as it seeks to involve women sports bettors, or at least has a bigger appeal […]
Sports
December 19, 2023
ESPN Bet Steals the Spotlight at Boston Gaming Summit
At the 11th Annual Truist Securities GLLR Summit in Boston last week, the buzz surrounding the debut of ESPN Bet dominated conversations among gaming enthusiasts. The anticipation even found its way into the analysis by Truist Securities analyst Barry Jonas, who dedicated a significant portion of his conclave summary to the groundbreaking sports betting app. […]
Sports
December 15, 2023
Analysts Weigh ESPN Bet’s Prospects at Taking the Market
A new analysis by Chad Beynon from Macquarie, a financial services company, has outlined that the first forays into the market have been already promising. To begin with, Iowa, Maryland and Indiana have already seen ESPN Bet secure a significant market share, and although the company is not yet “up there” when it comes to […]
