Penn Entertainment Acquires Sports Betting License for ESPN Bet Launch in New York admin, February 20, 2024 Casino corporation Penn Entertainment has bought a betting license to launch its vertical ESPN Bet to the largest legal sports betting market in the United States. The state of New York originally made only nine sports betting licenses available to leave some leading sportsbooks out of the market. As Penn was one of them, the corporation has paid $25 million to WynnBet to take over its New York license and become eligible to enter the lucrative jurisdiction via its sports betting subsidiary. $25 Million License Acquisition: Penn CEO Jay Snowden said in a press release: ”This is is an important development that will bring ESPN BET to the largest regulated online sports wagering market in North America. Together with ESPN, we’re bu… Read More >