ESPN, PENN Entertainment strike $2 billion sports betting deal, Dave Portnoy buys back Barstool Sports
ESPN and PENN Entertainment (PENN) announced a blockbuster deal on Tuesday that will see ESPN operate branded sportsbooks as the so-called Worldwide Leader in Sports makes its biggest push yet into the sports gambling market. As part of the deal, the companies will launch a branded sportsbook, ESPN BET, this fall in the 16 states…