Overview
- ESPN and PENN will terminate their exclusive U.S. online sports betting partnership on December 1, 2025, ending the ESPN Bet brand as an operator after two years.
- ESPN signed a multiyear agreement making DraftKings the exclusive official sportsbook and odds provider, with integrations beginning December 1 and a fuller rollout planned for 2026.
- DraftKings will power the betting tab in the ESPN app, while ESPN Bet shifts to a betting-content brand anchored by ESPN Bet Live and digital channels.
- PENN will rebrand its U.S. sportsbook to theScore Bet on December 1, retain customer data from nearly 3 million ESPN Bet sign-ups, and refocus on its iCasino business.
- Remaining PENN payments to ESPN stop in Q4 2025, with an SEC filing citing $38.1 million in fees plus $5 million in transition advertising support, and ESPN keeping vested warrants while forfeiting unvested and performance warrants.