Penn Entertainment's sports betting brand ESPN Bet announced that it will launch a new feature called FanCenter this month, creating an unprecedented personalized betting experience for fantasy football players. This feature is considered one of the most breakthrough products after the integration o
Penn National Gaming announced its second-quarter financial report ending June 30, 2025, with a revenue increase of 6.1% to $1.77 billion, primarily due to the solid performance of its land-based operations, which generated $1.4 billion in revenue. The company operates 42 retail casinos and 32 retai
In May, sports betting revenue in Massachusetts reached $80.7 million, a 41.6% increase year-over-year, marking the second highest monthly record since 2025, only behind January's $94.4 million. This performance also represents a 22.5% increase from April, highlighting the stable expansion of the st
During the NCAA "March Madness" basketball tournament, sports betting companies face unprecedented challenges. The fast pace and rapidly changing situations of the games make platform stability and risk control capabilities key competitive factors.According to the latest report from data analysis ag
Hold percentages returned to 10 percent for New York state’s online sports betting providers last month. This brought about a 27 percent rebound in revenue, according to numbers released by the New York Gaming Commission.Sportsbooks realized $247 million of revenue on almost $2.5 billion in money wa
ESPN Bet has officially launched in Washington D.C., in collaboration with Penn Entertainment and Monumental Sports & Entertainment, providing a sports betting platform for local fans.As part of the agreement, ESPN Bet has been designated as the betting partner for Monumental's teams, including the
ESPN Bet, the official sportsbook of ESPN, has been put live in its 20th US jurisdiction: Washington DC. Players in the district can now access the mobile and web betting platform, which offers a variety of markets across sports and leagues from around the world, along with daily odds boosts, pro
Penn Sports Interactive, the wholly-owned subsidiary of Penn Entertainment, has struck a new partnership deal with Monumental Sports & Entertainment. The new agreement means that ESPN Bet becomes a sports betting partner of Monumental and its team, and gives Penn online market access for ESPN
Casino and gaming operator Penn Entertainment has rebranding 10 more retail sportsbooks with its ESPN Bet brand, joining ESPN Bet sportsbooks in Kansas, Louisiana, Maryland, Michigan and Ohio.The company will launch ESPN Bet sportsbooks at Ameristar Casino Hotel Council Bluffs in Iowa; Hollywood Cas
Handle at retail and online sportsbooks in Arizona leapt 22 percent in October versus October 2023. Winnings by those same books, however, were down three percent. Those numbers were reported January 8 by J.P. Morgan analyst Joseph Greff.Arizona books saw wagering in the amount of $791 million. But
Deutsche Bank is projecting no change in the value of Penn Entertainment shares in 2025, issuing a Hold rating and noting the challenges of ESPN Bet."While challenging, given the trajectory to date and the market expectation that Interactive losses minimize materially in 2025, improvements in 2025 w
Penn Entertainment and its embattled ESPN Bet subsidiary received boosts from J.P. Morgan analyst Joseph Greff in a December 12 investor note. He raised his rating on Penn stock from Neutral to Overweight. Greff also ratcheted his price target up from $19 per share to $27 each.Greff admitted at the
New York's mobile sports betting market has recorded $231.6 million in gross gaming revenue, the highest monthly figure since the state legalized online sports wagering in January 2022. November's total handle of $2.27 billion is also the second-highest to date, falling just short of October's all-t
PENN Entertainment (PENN) reported solid third-quarter earnings on Thursday, driven by stable retail operations but marred by challenges in its digital segment. The company highlighted its ongoing integration of ESPN Bet and other expansion efforts, despite a sluggish quarter for consumer demand in
Pennsylvania Entertainment Company announced its financial results for the third quarter of 2024. Total revenue was $1.64 billion, a 1.2% increase year-over-year, with adjusted EBITDA at $193.5 million, down 35.2%, and adjusted EBITDAR at $348.4 million, down 21.7%. Despite the declines in EBITDA an
Online sports books in New York state held at only a 7.6 percent clip last month. This meant that a 16 percent increase in handle translated into a revenue gain of just six percent for October.Wagering volume was over $2.3 billion, with the resultant revenue amounting to $176.3 million. This was als