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Disney Might Go All-in on Sports Betting App

Summarized by: Live Sports Direct
 
Disney Might Go All-in on Sports Betting App

Disney might develop a sports betting app for its ESPN brand. The company's CEO Bob Chapek made the comments at the D23 event in Anaheim California over the weekend. Sports betting is one of the fastest growing online industries. It's legal in 30 states and expected to grow from $77 billion in 2021 to $167 billion by 2029. Gambling addiction advocates say it's exacerbated existing problems in countries like the U.S. and it is known that sports leagues and online betting platforms are pumping money into resources for gambling addicts.

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