PENN Entertainment terminates ESPN sports betting partnership

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Go back to PENN Entertainment terminates ESPN sports betting partnership

PENN Entertainment, Inc. Reports Third Quarter Results and Announces Realignment of Digital Focus Following Termination of ESPN Alliance

November 6, 2025 7:01 AM EST

WYOMISSING, Pa.--(BUSINESS WIRE)-- PENN Entertainment, Inc. (PENN or the Company) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2025, and announced a realignment of its digital focus following the mutual decision for an early termination (the Termination Agreement) of its U.S. online sports betting (OSB) agreement with ESPN, Inc. (ESPN).

Pursuant to the agreed termination, the Companys OSB marketing exclusivity with ESPN will end on December 1, 2025. Other key terms of the Termination Agreement are as follows:

Cash payments to ESPN terminate at... More