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ESPN Bet Vanishes: Why Disney’s Sports Titan Just Bet on DraftKings—And What It Means for the Future
As OutKick has chronicled since ESPN and Penn inked their agreement, ESPN Bet was always doomed. In July 2024, Penn laid off ESPN Bet employees after a poor second-quarter earnings report. When ESPN couldn’t turn it around, we predicted in February that Penn might opt out of their deal in 2026.
This is a reminder that not every big name can buy its way into sports betting, especially when it’s already dominated by sharper, faster players. Hopefully, the next deal ESPN signs is with YouTube TV, ending their costly dispute that’s hurting fans and the company’s bottom line.
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