ESPN Bet, now available in 17 states, was first announced in August, when Penn Entertainment signed a deal worth $1.5 billion with ESPN, allowing Penn to use the sports media giant's name to ...

ESPN BET Sportsbook is owned and operated by PENN Entertainment, Inc. and its subsidiaries ('PENN'). ESPN BET is available in states where PENN is licensed to offer sports wagering.

So far, ESPN Bet is an also-ran performing not much better than its predecessor, Barstool Sportsbook. It has about 2-3% of the market by total money wagered and about 1% of all sports betting revenue.

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Disney has announced a major deal for ESPN, getting in the sports betting business squarely. This deal is part of a wave of moves that Disney has made as it struggles to find its space in streaming.