Disney is fiercely protective of its family-friendly image, not typically associated with the world of sports gambling.Īt the time of August’s agreement, ESPN said it will use its platforms “to educate sports fans on responsible gaming” - for instance, by continuing to cover the sports betting industry with “journalistic integrity,” creating a “responsible gaming” committee within the company and developing marketing guidelines that “safeguard” fans. There are many reasons to bet on sports for new and experienced gamblers alike. The upcoming launch of ESPN Bet could take Walt Disney Co. The world of sports betting is vast, and theres something for just about anyone. In August, Penn said it sold Barstool Sports back to its founder Dave Portnoy. In addition to the $1.5 billion licensing deal, Penn also said it would grant ESPN rights worth about $500 million to purchase shares in Penn.ĮSPN Bet is a rebranding of an existing sports-betting app, Barstool Sportsbook. EDT 1 Know your bet’s break-even rate 2 Shop around for the best price 3 Know the value of a half-point, especially in. Under August’s agreement, Penn’s rights to the ESPN brand will initially run for a decade with the option of extension for another 10 years. Advice by Neil Greenberg Staff writer Follow Augat 7:00 a.m. ESPN Bet was set to go live in the following states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia.
