• Loading stock data...
Wednesday, July 24, 2024
Join us this September for Tuned In Request to Attend

Jimmy Pitaro: ESPN Has No Plans To Launch Sportsbook

  • ESPN is "not interested in being a place where people place their bets."
  • The Disney-owned network and DraftKings are reportedly close to signing an exclusive deal.
ESPN will leave its Caesars-owned Las Vegas content studio.
Scott Clarke / ESPN Images

Disney-owned ESPN won’t be launching its own sportsbook after all. 

“We just don’t feel like it’s appropriate for us to be creating a book,” ESPN president Jimmy Pitaro said at Axios’ BFD summit. “We’re not interested in being a place where people place their bets.” 

ESPN’s reluctance to launch a sportsbook comes after the media giant appeared to be “all-in” on sports betting, as sources told Front Office Sports in 2021. The company hired sports betting analysts Tyler Fulghum and Joe Fortenbaugh to bolster its “Daily Wager” sports betting show.

At Disney’s D23 Expo in September, CEO Bob Chapek publicized ESPN’s sports betting efforts, claiming Disney was “working very hard” on developing an ESPN sports betting app. 

Now, ESPN is going in a different direction. 

ESPN and DraftKings are reportedly close to signing an exclusive deal after the sports network secured co-exclusive deals with Caesars Entertainment and DraftKings in 2020. 

“Specific terms of this deal are unknown, but the deal is a massive, exclusive partnership that will have shows and perhaps odds integrated into game broadcasts,” according to The Action Network.

Disney owns roughly 5% of DraftKings after purchasing more than 18 million shares in 2020.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Verstappen’s Slump Sparks F1 Ratings: Will More U.S. Fans Watch?

Formula One viewership has stalled over the last year as Verstappen has dominated.

WNBA All-Star Weekend Signals League’s Growth, Delivers Action

The WNBA All-Star weekend was a showcase of the league’s rise driven by rookies.
Hosts of Inside the NBA on TNT

TNT Sports’ Parent Moves to Keep NBA Rights Despite Financial Woes

Warner Bros. Discovery is attempting to make good on its bid to retain NBA rights.
podcast thumbnail mobile
Front Office Sports Today

NFL’s 18-Game Season & Contract Holdouts, Olympics’ Newest Sport

0:00

Featured Today

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 22, 2024

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.
July 21, 2024

O No Canada: The Next Big Sports Betting Scandal Could Erupt North of the Border

‘It’s open-season for match-fixing up there.’
July 20, 2024

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.

Jaguars Sue Ex-Employee for $66.6 Million After Thefts

This could help the Jags avoid suing FanDuel and DraftKings directly.
July 10, 2024

Banned Jontay Porter Pleads Guilty in Gambling Case

Porter said he was ‘deeply sorry’ for the gambling scheme.
Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.
July 14, 2024

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
Mar 15, 2024; Toronto, Ontario, CAN; Toronto Raptors forward Jontay Porter (34) points to a spot as he controls the ball against Orlando Magic center Wendell Carter Jr. (34) during the second half at Scotiabank Arena.
July 3, 2024

Jontay Porter To Receive Federal Criminal Charges in Sports Betting Scandal

The former Raptor received a lifetime NBA ban for sports gambling.
June 23, 2024

ESPN Bet’s Operator Is Reportedly Being Eyed in a Potential Takeover

Boyd Gaming has reportedly approached ESPN Bet partner Penn Entertainment about an acquisition.
June 23, 2024

Sports Betting Money Won’t Bail Out Cash-Hungry College Athletic Departments

Schools are desperate for money, but they won’t be partnering with gambling operators.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.