ESPN BET App & Sportsbook: Use Promo Code BOOKIES For $250 In Bonuses Now
ESPN BET sportsbook represents the long-awaited entry of the Worldwide Leader into the legal, regulated space. The PENN Entertainment-owned rebranded book ESPN BET is now liveregulatory approval in the 17 states in which PENN is licensed. The launch occurred at about 3:40 p.m. on Tuesday. And now sports bettors can get an exclusive welcome offer when you download the ESPN Bet app.
Use the ESPN Bet promo code BOOKIES to receive $250 in bonus bets when you bet anything! ESPN BET is providing all new players with a sportsbook bonus of $250 when they bet anything! This means whether your first wager earns you a cash profit or not, you will get a $250 bonus. The bonus comes as a $200 bonus when you sign up, and another $50 credited within 24 hours.
If you want to claim this welcome offer ensure you are usingthe ESPN BET promo codeBOOKIES
ESPN Bet App Latest Promo Terms & Conditions
Why Download the ESPN Bet App?
Downloading the ESPN Bet App will put all the features of the desktop site just a click of an ESPN logo away on their mobile device. The ESPN Bet app for Android and iOS is available in all 17 states the ESPN Bet sports betting site is legal in, and there is no more convenient way for sports bettors to use the ESPN Bet sportsbook.
Like most apps in the sports betting market, the ESPN Bet sports betting app is designed to get sports bettors to the best sports betting markets with the minimum of fuss. The main navigation allows you to access the biggest sports, promotions, odds boosts and offers, or in play markets at the click of a button. While the ESPN Bet app home screen loads with the top upcoming sporting events and in those already in play. Vital for saving those all-important seconds if you’re heading to the ESPN bet app for some in play sports betting.
ESPN has been in the gambling business since Day 1, given its primacy as the first, major, national sports cable network. Since sports betting was allowed to proliferate nationwide following the Supreme Court’s reversal of PASPA in 2018, point spreads, game totals, and futures odds have been a staple of ESPN programming.
But the WWL has been happy to take the ad dollars and sponsorship money from the likes of DraftKings, FanDuel, and Caesars Sportsbook. Now, ESPN will be leveraging its own brand, as well.
Its partnership with Penn Entertainment calls for Penn to pay ESPN $150 million a year for 10 years. Depending on performance, ESPN was also granted up to $500 million in warrants to buy shares of PENN stock. Bookies.com learned that ESPN tried to make a deal with DraftKings and FanDuel but neither operator was willing to meet its asking price of $200 million a year combined in cash and stock.
Meanwhile, PENN sold Barstool Sports back to its founder, Dave Portnoy, for the nominal fee of $1. PENN paid a total of $551 million for Barstool in separate installments in 2019 and in February of 2023. Portnoy still has his money, and now his company. There are some restrictions, including a non-compete clause when it comes to sports betting.
There are lots of questions. Let’s answer some for you.
Q: Will ESPN Be Running Its Own Sportsbook?
A: No. This is basically a naming rights deal. Like you would see for a stadium. PENN is paying ESPN $150 million a year for 10 years to use the ESPN brand on its sportsbooks. Those books are currently using the Barstool Sports brand. PENN is licensed to operate retail and mobile books in 16 states. PENN holds the licenses for those books.
"We are firmly convinced that we will be getting significant value for our marketing dollars by allocating those funds to the single-best brand and platform in the U.S. to reach sports fans and potential bettors," said PENN CEO Jay Snowden after the deal closed on August 8.
Q: Is ESPN BET Live?
The newly re-branded app is Now Live.
"We are excited to announce that we plan to simultaneously launch ESPN BET across the 17 states in which we operate online sports betting, subject to final approvals. This strategic alliance is expected to further expand our digital ecosystem and drive re-engagement with the millions of customers in our digital and retail databases, leading to compelling cross-sell opportunities," Snowden said earlier.
The was approved by regulators in the 17 states where PENN operates. Those are:
In Massachusetts, PENN submitted 57 pages of house rules for ESPN BET to the Massachusetts Gaming Commission to give bettors a hint at what they can expect from the book.
Some states move much quicker than others. One state where you won’t find ESPN BET any time soon is New York. PENN/Barstool never bothered to get licensed in the Empire State because of the 50% tax on net revenues.
It’s not known if it will see another partner in the states in which PENN is not licensed (this includes ESPN's home state of Connecticut, where a license is up for grabs after BetRivers pulled out its partnership with the CT Lottery).
Q: What Is the ESPN BET Promo Code for New Users?
A: The required for new users is BOOKIES to get up to $250 in bonus bets.
Q: Why Did PENN Rebrand Barstool Sportsbook to ESPN BET?
A: Its deal with Barstool never delivered the market share that PENN wanted. PENN holds less than 5% of the national market. That's just not enough. Snowden says he hopes to have 20% of the betting market by 2027. And he plans to spend aggressively outside the ESPN brand to make that happen.
In Massachusetts, which is Barstool’s home state, the mobile Barstool book has ranked fourth behind DraftKings, FanDuel, and BetMGM in terms of overall handle, market share, and revenue.
ESPN delivers a much greater potential reach. ESPN.com had 335.5M visitors last month. Barstoolsports.com had 7 million. Snowden said PENN has 1.5 million more people in its database than it did before the Barstool deal.
Q: What Are The Details of The PENN-ESPN BET Deal?
A: PENN has an out after three and seven years if it does not see a certain market share in comparison to some of the larger providers. Those numbers are not known. But PENN has an out in case this doesn’t work. Barstool, meanwhile, is not allowed to return to the sports betting space. If Portnoy sells or monetizes any or all of the company, PENN will be entitled to 50% of that.
Q: What Happens To My Barstool Account?
Barstool Sportsbook account details will roll over to your ESPN BET account, including money you may have in your wallet. Barstool Sportsbook users will be prompted to download the new ESPN BET app once available and use their Barstool Sportsbook credentials to access their accounts. Account details, pending wagers, and any balances will transition "seamlessly." But customers will have to download the new app themselves.
Q: What’s In It For ESPN?
A: $150 million per year for basically nothing. ESPN is being operated as a stand-alone entity by Disney. It has lost about 20% of its cable subscribers since its peak and the Sports Business Journal reported that FOX Sports 1 is now estimated to be in
Streaming doesn’t match the revenue that monthly paid cable subscriptions once did. It needs as many revenue streams as possible. The deal does not prohibit ESPN from selling advertising to PENN’s betting competitors.
