Those companies gained even more steam in recent years as additional states legalized online sports gambling. Revenue at DraftKings, FanDuel, Caesars Sportsbook and BetMGM soared during the pandemic as more fans with time on their hands placed bets. 12, 2023 Indiana sports betting handle rose to 404.1 million in September, an increase of 69.7 month-over-month and 5.6 year-over-year. The broadcaster wants to grow revenue by serving sports gambling fanatics, while Penn was looking for a new sports betting partner after severing its partnership with Barstool, Brandt said,įor both companies, what's at stake is grabbing a piece of the rapidly growing sports gambling industry. Gambling has long been a favorite pastime in the state of Indiana, with casinos offering a wide variety of in-person betting. The states that first will offer ESPN Bet are:Ĭreating ESPN Bet is a strategic move for both Penn and ESPN. They think they can offer a better product." "They want to make it like one-stop shopping where you go to check the score and there's your betting opinions right there. Indiana has not legalized online casinos just yet, so players from the Hoosier State are limited to sweepstakes sites and social casino sites like Chumba. The mistake rookies make is rushing to register to play. The bookies that have an official license are the best place to bet on sports with best sports bet app. The internet offices act negligently towards customers. Online betting sports services are unregulated and have a heterogeneous market. "ESPN and Penn believe they can infiltrate this market," Andrew Brandt, a sports business professor at Villanova University, told CBS MoneyWatch. You need to learn about the game at the bookmaker.
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