ESPN and PENN Entertainment have mutually decided to end their U.S. online sports betting contract early.
Today, ESPN, Inc. (“ESPN”) and PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN”) announced that they have mutually decided to terminate their exclusive U.S. online sports betting (“OSB”) agreement early, with effect from December 1, 2025. The original commercial agreement was announced in August 2023. In exchange for $150 million annually in cash payments to ESPN and […]
