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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 […]
Business
December 7, 2023
DraftKings CEO Confident in Company’s Resilience Amidst ESPN Bet Launch
DraftKings CEO, Jason Robins, has expressed confidence in the company’s position in the online gaming market, stating that the recent launch of ESPN Bet does not pose a threat to DraftKings’ trajectory. DraftKings CEO Jason Robins Stresses Product Excellence Speaking at the 3rd Annual Craig-Hallum Online Gaming Conference, Robins acknowledged the competitive landscape but emphasized […]
Sports
November 30, 2023
NHL Selects PENN’s ESPN BET and theScore Bet Brands as Official Sports Betting Partners
PENN Entertainment unveiled a major new partnership deal with the National Hockey League (NHL). Under the deal, PENN’s ESPN BET brand in the United States and theScore Bet brand in Ontario will serve as official sports betting partners of the league. As the NHL’s official partners, ESPN BET and theScore Bet will receive access to […]
Sports
November 27, 2023
ESPN Bet Surpasses 1.1M Downloads in First Week
The newly rebranded sports gaming app owned by Penn Entertainment, ESPN Bet, announced its debut earlier this month. Launching in 17 US states, the sports betting app entered some major US markets, including Michigan, New Jersey and Pennsylvania, among others. The interest in ESPN Bet soared ever since its launch on November 14, 2023. In […]
Business
November 21, 2023
ESPN Bet Launch Propels Penn Entertainment’s Stock
Last week marked the debut of ESPN Bet, the newly rebranded sports gaming app owned by Penn Entertainment. The new sports gambling app launched for 17 US states, entering important markets such as New Jersey, Pennsylvania, Colorado, Iowa, Maryland and Michigan, among others. The latest launch comes after a $1.5 billion deal announced between Penn […]
