Disney-owned ESPN has licensed its model to be used in a sports activities betting app, placing a deal wherein it would obtain $1.5 billion and different concerns from Penn Entertainment.
In return, Penn will rebrand its current sports activities betting app as ESPN Bet, which ESPN has agreed to advertise throughout its on-line and broadcast platforms so as to generate “maximum fan awareness” of the app.
Penn additionally introduced that it bought Barstool Sports, an irreverent sports activities media website, again to its founder Dave Portnoy. Penn took a 36% stake of Barstool Sports in February 2020 for about $163 million and subsequently acquired the rest of the corporate for about $388 million in February 2023. Neither Penn nor Portnoy disclosed phrases of the divestment deal.
In a video posted on X, the location previously referred to as Twitter, Portnoy radiated pleasure over the location’s regained independence.
The regulated playing trade, he mentioned, “was probably not the best place for Barstool Sports and the kind of content we make.” Portnoy added that he’ll “never” promote the corporate.
Florida ticket wins $1.58B Mega Millions
A single ticket bought in Florida is nice for a $1.58 billion Mega Millions jackpot, ending weeks of anticipation over who would win the eye-popping high prize.
A Publix grocery retailer in Neptune Beach bought the successful ticket, in accordance with the Florida Lottery. The successful numbers drawn Tuesday evening had been 13, 19, 20, 32, 33 and the yellow ball 14.
James F. Davis, secretary of the Florida Lottery, mentioned Wednesday that officers don’t but know who purchased the successful ticket.
The winner has 180 days to current the ticket to lottery officers in Tallahassee to obtain the winnings.
Source: www.bostonherald.com”