AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Joe Pomp Show
#228 ESPN’s New $2 Billion Sportsbook Makes Its Debut — But Will It Succeed?
Nov 13, 2023
Exploring ESPN's new $2 billion sportsbook debut, the partnership with Penn Entertainment, analyzing market competition, and pondering if ESPN Bet will be a winner in the sports betting landscape.
18:40
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- ESPN Bet's debut with Penn Entertainment raises doubts about its success in the competitive sportsbook market.
- Past challenges with Barstool Sports indicate potential obstacles for Penn Entertainment in navigating the sports betting industry with ESPN Bet.
Deep dives
ESPN's Licensing Deal with Penn Entertainment
ESPN signed a licensing deal with Penn Entertainment to rebrand Varsity Sportsbook as ESPN Bet. The deal involved $1.5 billion in cash and $500 million in equity warrants for ESPN. Initially, Penn's stock saw a 10% increase after the deal. However, the success of ESPN Bet in the competitive sportsbook market is questioned.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode