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ESPN Bet Vanishes: Why Disney’s Sports Titan Just Bet on DraftKings—And What It Means for the Future
In news that will shock absolutely no one reading OutKick, ESPN is tapping out of the betting business. Not from making money off gambling, that’d be crazy, but by ending its 10-year, $2 billion partnership with Penn Entertainment, signed in 2023, effectively shutting down ESPN Bet.
Some might speculate this move has to do with optics. After all, ESPN has broadcasting rights to NBA games, and the FBI arrested NBA players and coaches, and associates in four of the five Italian-American Mafia families for prop-bet manipulation and illegal poker games in late October.
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