{"id":2138928,"date":"2025-11-06T13:03:19","date_gmt":"2025-11-06T13:03:19","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2138928"},"modified":"2025-11-06T13:03:19","modified_gmt":"2025-11-06T13:03:19","slug":"espn-and-penn-entertainment-to-end-us-sports-betting-partnership-early","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/espn-and-penn-entertainment-to-end-us-sports-betting-partnership-early\/","title":{"rendered":"ESPN and PENN Entertainment to end US sports betting partnership early"},"content":{"rendered":"<p><\/p>\n<div>\n<div data-testid=\"paragraph-0\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF\">Nov 6 (Reuters) &#8211; PENN Entertainment <a rel=\"nofollow\" target=\"_blank\" data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/PENN.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(PENN.O)<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 32 32\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" data-testid=\"NewTabSymbol\" class=\"link-module__new-tab-symbol__d53s7\"><path fill=\"#666\" d=\"M15 6c.6 0 1 .4 1 1s-.4 1-1 1H9c-.6 0-1 .4-1 1v14a1.1 1.1 0 0 0 .2.6c.1.2.4.4.8.4h14c.6 0 1-.4 1-1v-6c0-.6.4-1 1-1s1 .4 1 1v6a3 3 0 0 1-3 3H9a3 3 0 0 1-2.2-.9A3 3 0 0 1 6 23V9a3 3 0 0 1 3-3Zm10 0 .4.1.5.5.1.4v6c0 .6-.4 1-1 1s-1-.4-1-1V9.4l-5.3 5.3a1 1 0 0 1-.7.3 1 1 0 0 1-.7-.3 1 1 0 0 1 0-1.4L22.6 8H19c-.6 0-1-.4-1-1s.4-1 1-1Z\"\/><\/svg><span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span><\/a> and Walt Disney&#8217;s <a rel=\"nofollow\" target=\"_blank\" data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/DIS.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(DIS.N)<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 32 32\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" data-testid=\"NewTabSymbol\" class=\"link-module__new-tab-symbol__d53s7\"><path fill=\"#666\" d=\"M15 6c.6 0 1 .4 1 1s-.4 1-1 1H9c-.6 0-1 .4-1 1v14a1.1 1.1 0 0 0 .2.6c.1.2.4.4.8.4h14c.6 0 1-.4 1-1v-6c0-.6.4-1 1-1s1 .4 1 1v6a3 3 0 0 1-3 3H9a3 3 0 0 1-2.2-.9A3 3 0 0 1 6 23V9a3 3 0 0 1 3-3Zm10 0 .4.1.5.5.1.4v6c0 .6-.4 1-1 1s-1-.4-1-1V9.4l-5.3 5.3a1 1 0 0 1-.7.3 1 1 0 0 1-.7-.3 1 1 0 0 1 0-1.4L22.6 8H19c-.6 0-1-.4-1-1s.4-1 1-1Z\"\/><\/svg><span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span><\/a> ESPN have agreed to end their exclusive U.S. online sports betting partnership, effective December 1, the companies said on Thursday.<\/div>\n<p>The termination cuts short a 10-year deal signed in August 2023, under which ESPN got $150 million annually for providing PENN marketing services and exclusive right to the ESPN BET brand in the U.S.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> <!-- -->Sign up<!-- --> <!-- --> <a rel=\"nofollow\" target=\"_blank\" data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/technology\/espn-penn-entertainment-end-us-sports-betting-partnership-early-2025-11-06\/undefined?location=article-paragraph&amp;redirectUrl=%2Ftechnology%2Fespn-penn-entertainment-end-us-sports-betting-partnership-early-2025-11-06%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\">here.<\/a><\/p>\n<p>Both companies &#8220;mutually and amicably&#8221; agreed to wind down the collaboration, PENN CEO Jay Snowden said in a statement.<\/p>\n<p>&#8220;We plan to realign our digital focus on our growing iCasino business,&#8221; Snowden said.<\/p>\n<p>Payments from PENN to ESPN will stop in the fourth quarter of 2025.<\/p>\n<div class=\"article-body-module__element__5eCce\">\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Jaspreet Singh in Bengaluru; Editing by Sahal Muhammed<\/p>\n<\/div>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a rel=\"nofollow\" target=\"_blank\" data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles.<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 32 32\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" data-testid=\"NewTabSymbol\" class=\"link-module__new-tab-symbol__d53s7\"><path fill=\"#666\" d=\"M15 6c.6 0 1 .4 1 1s-.4 1-1 1H9c-.6 0-1 .4-1 1v14a1.1 1.1 0 0 0 .2.6c.1.2.4.4.8.4h14c.6 0 1-.4 1-1v-6c0-.6.4-1 1-1s1 .4 1 1v6a3 3 0 0 1-3 3H9a3 3 0 0 1-2.2-.9A3 3 0 0 1 6 23V9a3 3 0 0 1 3-3Zm10 0 .4.1.5.5.1.4v6c0 .6-.4 1-1 1s-1-.4-1-1V9.4l-5.3 5.3a1 1 0 0 1-.7.3 1 1 0 0 1-.7-.3 1 1 0 0 1 0-1.4L22.6 8H19c-.6 0-1-.4-1-1s.4-1 1-1Z\"\/><\/svg><span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span><\/a><\/p>\n<nav aria-label=\"Tags\" data-testid=\"Tags\" class=\"tags-line-module__tags__oT22o article-body-module__element__5eCce\"\/>\n<div class=\"article-body-module__row__jhsYg article-body-module__element__5eCce\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\"><span class=\"button-module__container__7hKTY license-content-button-module__button__fVUbl\"><span data-testid=\"Text\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__regular__qJJtA text-module__body_fixed__x-bYA license-content-button-module__text__o0vYm\">Purchase Licensing Rights<\/span><\/span><\/a><\/div>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.reuters.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nov 6 (Reuters) &#8211; PENN Entertainment (PENN.O), opens new tab and Walt Disney&#8217;s (DIS.N), opens new tab ESPN have agreed to end their exclusive U.S. online sports betting partnership, effective December 1, the companies said on Thursday. The termination cuts short a 10-year deal signed in August 2023, under which ESPN got $150 million annually [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[382525,347404,382526,407895,407896,382527,400571,382528,382529,347385,382530,347387,382531,382555,382554,407898,382533,347393,347405,386692,347398,382534,24751,347401,347384,407897,25423],"class_list":["post-2138928","post","type-post","status-publish","format-standard","hentry","category-entertainment","tag-allce","tag-amers","tag-bact","tag-bcst","tag-bcst1","tag-biz","tag-blr","tag-casgm","tag-casgm1","tag-ccos","tag-cmpny","tag-cycs","tag-deal1","tag-destocabsm","tag-destousbsm","tag-destoustcm","tag-ents","tag-mdia","tag-namer","tag-privt","tag-pub","tag-publ","tag-tech","tag-tmt","tag-topnws","tag-tvbcst","tag-us"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2138928","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=2138928"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2138928\/revisions"}],"predecessor-version":[{"id":2138929,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2138928\/revisions\/2138929"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2138928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2138928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2138928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}