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ESPN ends PENN betting agreement and names DraftKings odds provider

Deals & M&A

ESPN and PENN Entertainment agreed to end their exclusive US online sports betting arrangement on 1 December 2025, while ESPN named DraftKings its exclusive odds provider from December, with full implementation planned for 2026. PENN plans to rebrand its US betting service as theScore Bet, subject to regulatory approvals, and said the launch is projected for 1 December.

The changes affect PENN’s US betting brand and ESPN’s exclusive odds-provider relationship.

End-of-day close PENN Entertainment (PENN), USD, to 24 December 2025
Story date26 September 202524 December 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

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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