Penn Entertainment CEO Jay Snowden said that the company ended its ESPN Bet deal now because it has become clear they would fall short of market share goals.
Not long after the February earnings call in which Penn Entertainment CEO Jay Snowden first mentioned that the company would consider exiting its ESPN Bet deal if the sportsbook’s performance didn’t improve, DraftKings CEO Jason Robins contacted ESPN Chair Jimmy Pitaro to offer a soft landing.
Fanatics Betting and Gaming CEO Matt King used the question of what could be done to reduce the integrity risks of props to concede that there are adjustments worth considering -- but quickly spun to what he saw as broader regulatory problems.
Earlier this week, the St. Louis Blues announced the first of what will be at least three team sponsors in the sportsbook category, upstart Underdog, which is best known for the parlay pick ‘em product it offers in 14 states but also operates a full online sportsbook in North Carolina. None of the three operators had any interest in the Blues’ license.
The Oct. 3 edition of SBJ Betting sees reporting on Kalshi's latest moves making waves among establishing online sportsbooks, PrizePicks' sale to Allywn showing the strength of those gray markets and DraftKings' and FanDuel's deals with NBC and Amazon Prime Video.
From the Jazz, Knicks and Blues to Legends, Rhone and private equity, Dave Checketts has gotten the call time and time again and delivered strong analysis, great ideas and regular success
When fundong for a new Real Salt Lake stadium fell through, franchise owner Dave Checketts overcame the major obstacle with a giant gamble and David Beckham.
The Sept. 19 edition of the SBJ Betting newsletter reports on Underdog's latest moves to get deeper into the prediction markets that mimic sports gambling.
When Pick ‘em app Underdog added prediction contracts tendered by Crypto.com to its offering in 16 states at the start of the NFL season, it became the first operator to go gray on two fronts. SBJ Betting looks at the latest development on the suddenly disrupted sports betting landscape.