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ESPN chairman backs Penn partnership as ESPN Bet seeks market share

Deals & M&A

ESPN chairman Jimmy Pitaro said the network remains positive about its partnership with Penn Entertainment and that ESPN Bet is growing. He said the sportsbook needs to build market share and pointed to planned ESPN app enhancements that will integrate betting more deeply, including during live games.

The partnership includes an opt-out after its third year, in August 2026, while ESPN Bet is still seeking to grow its market share.

End-of-day close PENN Entertainment (PENN), USD, to 3 July 2025
Story date7 April 20253 July 2025

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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