ESPN has officially entered the sports betting realm, announcing an agreement with Penn Entertainment to launch ESPN BET. Penn will be rebranding its current sportsbook and will relaunch as ESPN BET, which will be effective this fall in the 16 legal betting states Penn is licensed. PENN Entertainment is the perfect partner to build an unmatched user experience for sports betting with ESPN BET." As part of this deal, Penn sold Barstool Sports back to founder Dave Portnoy. "Penn Entertainment and Barstool Sports have gone our separate ways," Portnoy said in a video on X, formerly known as Twitter.

Source: Fox News August 08, 2023 22:17 UTC