DraftKings and ESPN made their new settlement public on Thursday (November 6) because the broadcaster replaced PENN Entertainment with DraftKings because the unique ‘Official Sportsbook and Odds Supplier.’
The partnership means followers will have the ability to use betting options and achieve entry to choices, together with DraftKings’ sportsbook, every day fantasy, and DraftKings Pick6 at launch.
ESPN & @DraftKings enter a multi-year settlement
DraftKings will turn into the Official Sportsbook & Odds Supplier of ESPN
Particulars: https://t.co/1Vx55jBbBc pic.twitter.com/8m9kcEFRjl
— ESPN PR (@ESPNPR) November 6, 2025
“Our betting method has centered on providing an built-in expertise inside our merchandise,” stated Jimmy Pitaro, Chairman, ESPN.
“Working with DraftKings, a frontrunner within the area, will enable us to construct upon that basis, proceed to super-serve passionate sports activities followers and develop our ESPN direct-to-consumer enterprise. We’re enthusiastic about this new collaboration with DraftKings.”
Because of this, ESPN BET will shift to a sports activities betting content material model with DraftKings Sportsbook integrations, anchored by ESPN’s betting present, ESPN BET Reside. Beforehand, the corporate had a relationship with PENN Leisure.
DraftKings experiences progress as third quarter monetary outcomes are posted
On the identical day because the announcement, DraftKings additionally shared its third quarter 2025 financial results, with a rise of $49 million reported.
The income has are available at $1,144 million, with the 4% rise being in comparison with the identical interval in 2024. Inside the press launch, the corporate says this enhance “was pushed by continued wholesome buyer engagement, environment friendly acquisition of recent prospects, and better structural Sportsbook maintain share, partially offset by customer-friendly sport outcomes.” That stated, DraftKings is presently buying and selling at about $27.98, down almost 28% over the previous yr. In response to InvestingPro, the inventory is now hovering proper round its 52-week low of $27.89.
Nonetheless, the latest announcement with the most important broadcaster isn’t the one signal of recent beginnings as DraftKings shared within the earnings letter that they’ve a pending launch of DraftKings Predictions. They anticipate this to be out there within the coming months and say it’ll enter many states with sport occasion contracts, as they intention to unlock a brand new buyer base and income stream.
“Almost half the nation’s inhabitants stays with out entry to authorized on-line sports activities betting, however there are a number of different corporations providing federally regulated Predictions in all 50 states. As growth in Predictions continues, this will likely additionally inspire extra states to legalize on-line sports activities betting and iGaming with cheap regulation and taxation,” the letter reads.
Featured Picture: Through ESPN Press Room
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