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About an hour after placing blocking commitments with Penn Entertainment, which expanded its gambling platform, ESPN announced it would cooperate with the draft.
Starting next month, DraftKings will be the exclusive sports book and Odds provider for ESPN, with a “Full Release” the following year, with a release.
“Our approach to betting is focused on providing an integrated experience within our products,” said ESPN chairman Jimmy Pitaro. “Operating and underwriting, a leader in the space, will allow us to build on that foundation, continue to engage sports fans and grow our ESPN business directly with consumers.”
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Fans cheer at the ESPN Broadcast before Super Bowl Six between the Kansas City Chiefs and the Philadelphia Eagles on February 7, 2025, in New Orleans, Louisiana. (David Buono / Icon Sportwire via Getty Images / Getty Images)
“ESPN’s unparalleled global presence in sports makes this partnership a natural fit,” said Jason Robins, CEO and founder of CO-FRAFTINGS. “As an innovative leader in digital sports, DraftKings is uniquely positioned to combine our technology and ESPN’s iconic brands with ESPN’s iconic brand and ESPN’s power. Get closer.
Odds will also be shown on the ESPN app, and ESPN BET will exchange sports content with sports content with “DraftKings.
In this photo illustration, the American Daily Fantasy Sports and Sports Betting Company DraftKings Logo is displayed on a smartphone screen. (Budrul Chukrut / Sopa Images / Lighstracket Via Getty Images / Getty Images)
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ESPN officially launched into Realm sports in August 2023 through its Penn Entertainment partnership. Thus, ESPN betting was born. The deal is reportedly worth $2 billion over 10 years. However, the deal with Penn will only last for two years.
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| Dec | The walt disney co. | 109.70 | -1.64 |
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| Mrs | DRAFTILS INC. | 28.24 | +0.32 |
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Additionally, ESPN is set to have it up and running Nfl redzone And some NFL sources are exchanging for a 10% stake in the company, which has raised ethical red flags.
DraftKings was founded in 2012 as a Daily Fantasy sports site, but evolved into a Casino and Sportsbook as sports gambling became more widespread, and legalized, in the United States.
The DraftKings Logo, a US Daily Fantasy Sports Contest and sports betting operator, is seen on a mobile phone screen. (Pavlo Gonchar / Sopa Images / Lighstracket Via Getty Images / Getty Images)
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Draftkings operates in 28 locations, Washington DC and Ontario.
FOX Business’ Ryan Gaydos contributed to this report.
