Shares of Penn Entertainment (PENN) closed higher Tuesday after the company launched ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, in 17 states after dropping Barstool Sportsbook. According to the AP, Penn will pay $1.5 billion over the next 10 years for exclusive rights to the ESPN name.
According to Disney (DIS): “ESPN BET will become ESPN’s exclusive sportsbook, and PENN Entertainment will receive odds attribution, promotional services inclusive of digital product integrations, traditional media and content integrations, and ESPN talent access, among other services.”
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Are they working with draft kings toO
Sports gambling is one of the worst things in the world worse than alcohol or drug abuse. Imagine all the kids under 24 years old that are gonna lose everything they have gambling because of how mainstream it is now
Nothing makes more money than a porn or gambling addiction. Wow. Get in school for gambling treatment credentials. They’ll be needed down the road in large numbers.
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