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Thursday, October 17, 2024
The 2024 Best College Athletic Departments Are Here See the winning departments

ESPN’s Huge Sports Betting Ambitions

  • ESPN and Penn Entertainment have the hugely ambitious goal of holding 20% of the U.S. online sports betting market by 2027.
  • Right now, the market is dominated by DraftKings and FanDuel, which collectively hold more than 70%.
ESPN headquarters
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Penn Entertainment is putting all of its chips on its sports betting deal with ESPN. The gambling company is putting nearly half of its market capitalization into the deal, and the two companies have incredibly ambitious plans for their coming, rebranded sportsbook.

We also get word from Comcast, which was unhappy with comments made by David Adelman in a previous episode regarding their management of the Wells Fargo Center where the Philadelphia 76ers play. Adelman is leading the charge to build a new arena for the team in downtown Philadelphia.

Finally, we hear from Stu Halberg, CEO of Logitix, on how changes in technology and fan expectations are altering the ticketing market.

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What to Read

ESPN microphones

FCC Proposes $146K ESPN Fine for Using Emergency Tones in NBA Promo

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NFL TV Ratings Down in Week 6 As Chiefs Rest, Cowboys Wilt

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DSG Seeks Emergency Approval for FanDuel Naming-Rights Deal

The regional sports network operator presses the U.S. Bankruptcy Court for approval of its FanDuel deal.
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MLB Players Union Sues DraftKings, FanDuel

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How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

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May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.
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DraftKings Hit With $19K Fine For Unwinnable Connecticut Slot Game

The slot machine produced no wins in 20,000 turns.
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ESPN Bet Remains Optimistic Heading Into Pivotal Year 2 

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DraftKings Acquires Simplebet After Shedding Other Businesses

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NFLPA Sues DraftKings for $65 Million Over NFT Deal

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