agreed to terminate their exclusive U.S. online sports betting agreement<\/a> now rather than waiting for an option window next summer because it has become clear they would fall short of goals.<\/p>\n\u201cWe could see through the first couple of months of football season, while we\u2019re making a lot of improvements in a number of areas, we weren\u2019t on a trajectory to get to that level of market share,\u201d Snowden said, referring to the double-digit target that would have made them the No. 3 US sportsbook. \u201cAnd so you know where it\u2019s headed. Why string this along? Let\u2019s get together and figure out the best path forward for both companies.\u201d<\/p>\n
The most recent publicly available reports from state regulators show ESPN Bet accounted for only 3.2% of handle in the 14 states that reveal figures from individual sportsbook brands, tied for sixth with Bet365. <\/p>\n
\u201cWe\u2019ll still very likely be an advertising partner of theirs,\u201d Snowden said. \u201cThere\u2019s no hard feelings. We had aspirations. We had goals to be a podium player. It didn\u2019t work out and we\u2019re moving along from that and they are too. And I think that\u2019s perfectly fine.\u201d<\/p>\n<\/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 www.sportsbusinessjournal.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Penn Entertainment CEO Jay Snowden told analysts Thursday morning that the company and ESPN agreed to terminate their exclusive U.S. online sports betting agreement now rather than waiting for an option window next summer because it has become clear they would fall short of goals. \u201cWe could see through the first couple of months of […]<\/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":[35206],"class_list":["post-2139728","post","type-post","status-publish","format-standard","hentry","category-entertainment","tag-gambling"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139728","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=2139728"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139728\/revisions"}],"predecessor-version":[{"id":2139729,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139728\/revisions\/2139729"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2139728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2139728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2139728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}