Get all your news in one place.
100's of premium titles.
One app.
Start reading
Chicago Sun-Times
Chicago Sun-Times
National
David Hamilton | Associated Press

ESPN enters world of sports betting with $1.5 billion deal with Penn Entertainment

ESPN has entered the world of sports betting. (David Kohl/AP)

You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name.

The deal, announced Tuesday, could take Walt Disney Co.-owned ESPN into uncharted waters. Disney is fiercely protective of its family-friendly image, not typically associated with the world of sports gambling.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.