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During Thursday\u2019s investors call, Penn Entertainment CEO Jay Snowden admitted he was not privy to many of the details involving this week\u2019s blockbuster deal between ESPN and the NFL. The <\/span>billion-dollar agreement will see ESPN acquire NFL media assets, including NFL Network, and distribution rights to RedZone and NFL Fantasy, in exchange for the NFL receiving a 10% ownership stake in ESPN.<\/span><\/p>\n Snowden said that anything that solidifies ESPN\u2019s position as the \u201cworldwide leader in sports\u201d is good for the entire ESPN ecosystem, including Penn\u2019s stake in ESPN Bet.<\/span><\/p>\n \u201cAs we\u2019ve mentioned before, the launch of the direct-to-consumer offering is going to be deeply integrated with sports betting and that\u2019s going to be the first time that we\u2019ve seen anything like that in the space,\u201d Snowden said during the investors call.\u00a0 \u201cWe\u2019re interested to see what that means for the sports fans of ESPN and our ability to continue to provide a great betting option for people through those deep integrations throughout their digital and streaming ecosystem.\u201d<\/span><\/p>\n \u201cMore football is better for fans and for bettors,\u201d said Penn\u2019s <\/span>Executive Vice President, Operations Todd George. \u201cFanCenter (which creates a personalized hub within ESPN Bet that will allow customers to find wagering markets based on their favorite teams, players, and ESPN fantasy football rosters)<\/span> is going to launch this year with native integration to ESPN<\/span> fantasy platforms. If you\u2019re a linked user and you\u2019re already linked when you draft a team or more than one team, those teams automatically show up in ESPN Bet, and will let you bet very creatively and easily.\u201d<\/span><\/p>\n Penn Entertainment reported revenue of $1.4 billion in the second quarter. The total was comparable to revenue in the same time period of 2024, $1.3 million.<\/span><\/p>\n Snowden said that Penn turning a profit in 2026, a goal that has been previously stated, is possible if the operator hits its targets. He admitted that it will be a \u201cHerculean\u201d task, but realistic.<\/span><\/p>\n \u201cWe\u2019ve got a really strong product offering,\u201d Snowden said. \u201cWe\u2019re enhancing the experience all the time, both in OSB and icasino. Much like our fourth quarter, which we\u2019re anticipating being profitable to the tune of $5 million, we would be exiting with some real momentum heading into 2026 and we would build on that every quarter in 2026 as well. Those are the functions now. And as I\u2019ve mentioned before, I think our focus, and you can imagine we\u2019ve got all sorts of different sensitivity models on, there\u2019s a lot of variables at play as we go into 2026.\u201d<\/span><\/p>\n But the most important factor to Penn\u2019s fortunes is something Snowden, or any other CEO, can\u2019t control.<\/span><\/p>\n \u201cThere\u2019s really one true macroeconomic factor that has a tight correlation to our business, which is employment,\u201d Snowden said. \u201cAnd employment has been strong. Americans have jobs. Americans spend money. It\u2019s really quite simple. As it relates to the regional gaming business, at least as long as I\u2019ve been doing this, and, you know, gas prices have been low and they\u2019ve stayed low. So those are all helpful tail winds, and consumer confidence seems to at least be stable. It\u2019s, you know, a bit volatile month to month, I would say, overall, but it\u2019s pretty stable and seems to be moving in the right direction. And I think people, to some extent, have probably been putting off those destination vacations and trips to Vegas, and they\u2019re staying closer to home. So all that, of course, would benefit us in the regional market.\u201d<\/span><\/p>\n \u00a0<\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source cdcgaming.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" During Thursday\u2019s investors call, Penn Entertainment CEO Jay Snowden admitted he was not privy to many of the details involving this week\u2019s blockbuster deal between ESPN and the NFL. The billion-dollar agreement will see ESPN acquire NFL media assets, including NFL Network, and distribution rights to RedZone and NFL Fantasy, in exchange for the NFL […]<\/p>\n","protected":false},"author":2,"featured_media":1947027,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,176147],"class_list":["post-1947026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-penn-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/CEO-Snowden-optimistic-Penn-Entertainment-will-benefit-from-ESPN-NFL-deal.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1947026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1947026"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1947026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1947027"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1947026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1947026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1947026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}