In a major sports betting move, ESPN has cut a $2 billion deal with casino owner Penn Entertainment to launch ESPN Bet, a branded sportsbook. ESPN Bet will launch this fall in the 16 states where Penn has sports betting licenses. It will replace the Barstool Sportsbook.In connection with the deal, Penn will sell Barstool Sports, which it acquired in 2020, back to Barstool founder Dave Portnoy, and there is a noncompete clause among other restrictive covenants.
Barstool Sports has been sold to Penn Entertainment Inc. Penn paid about $388 million for the remaining stake in Barstool Sports that it doesn’t already own, the sports and entertainment […]
The Dish Network vMVPD launches an exclusive linear channel full of the bro-culture-fueled sports blogs hot takes and betting predictions.
Major League Baseball and Barstool Sports have had significant negotiations about having national midweek games on the site’s platforms. The discussions are what Barstool founder Dave Portnoy was referring to last week when he mentioned his company has had talks with “major leagues.”
