Pat McAfee Criticizes ESPN Bet After Poor Financial Performance

During his show, Pat McAfee mocked ESPN Bet following a disappointing earnings report from Penn Entertainment.

Pat McAfee sarcastically commented on ESPN Bet's performance during his show, highlighting its struggles.
Penn Entertainment, operator of ESPN Bet, reported a significant loss, with its stock price dropping up to 15%.
The earnings shortfall was notably marked by ESPN Bet's revenue being $30 million below projections.
Despite the poor financial results, Penn Entertainment remains optimistic about ESPN Bet's future growth.
ESPN Bet was launched in November 2023 after a major licensing deal with Penn Entertainment.