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Can ESPN Bet Get on Solid Footing Before Football Season Kicks Off?

May 6, 2024

ESPN Bet isn’t even six months old yet, but with the biggest sports gambling events of the first half of the year having yet to produce a major boost for the platform, a crucial summer lies ahead for the product and brand born out of a $2 billion partnership between Disney and Penn Entertainment.

Last week, Penn’s stock tumbled more than 10% and, at one point reached a 52-week low, after the company missed analyst estimates in its most recent quarter, due in part to struggles by ESPN Bet, which saw lower-than-expected hold and spend per user.

Source: Front Office Sports

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