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Morning Brew Daily
ESPN Gambles On A Sportsbook & You Need to Earn How Much to Buy a House?
Nov 14, 2023
27:22
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ESPN's entry into the sports betting market and its potential impact on the industry. A study on home buyers and their income levels. The shift in international students coming to the US for college. Exxon's plans for lithium production. A viral dog video featuring an animal communicator.
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Quick takeaways
- ESPN aims to compete with industry giants FanDuel and DraftKings by launching its own betting app called ESPN Bet in partnership with Penn Entertainment.
- The US housing market is experiencing demographic shifts, with older buyers dominating and single women driving the trend of purchasing homes at a rate almost double that of single men, impacting affordability for first-time buyers.
Deep dives
ESPN launches its own betting app
ESPN has launched its own betting app called ESPN Bet in partnership with Penn Entertainment. With the app, ESPN aims to grab a piece of the booming sports betting market in the United States. By leveraging its massive distribution network and on-air talent, ESPN hopes to compete with industry giants FanDuel and DraftKings.
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