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PENN Entertainment Ends ESPN Sportsbook Agreement

Story Highlights
  • PENN and ESPN terminated their sportsbook agreement, effective December 1, 2025.
  • PENN will rebrand its sportsbook to ‘theScore Bet’ and focus on U.S. iCasino and Canadian operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PENN Entertainment Ends ESPN Sportsbook Agreement

Meet Your ETF AI Analyst

PENN Entertainment ( (PENN) ) just unveiled an update.

On November 6, 2025, PENN Entertainment and ESPN announced the early termination of their sportsbook agreement, effective December 1, 2025. This decision marks a strategic shift for PENN, which will rebrand its sportsbook to ‘theScore Bet’ and focus on leveraging its U.S. iCasino and Canadian operations. The termination involves a $38.1 million payment to ESPN and a $5 million post-termination media support payment. ESPN agreed not to license or operate the ‘ESPN BET’ brand in the U.S. for 15 months post-termination. Additionally, PENN announced a new $750 million share repurchase program starting January 1, 2026, reflecting its commitment to enhancing shareholder value.

The most recent analyst rating on (PENN) stock is a Buy with a $18.01 price target. To see the full list of analyst forecasts on PENN Entertainment stock, see the PENN Stock Forecast page.

Spark’s Take on PENN Stock

According to Spark, TipRanks’ AI Analyst, PENN is a Neutral.

PENN Entertainment’s overall stock score is primarily impacted by its financial performance and technical analysis. The company’s high leverage and negative profitability metrics are significant concerns. Technical indicators suggest bearish momentum. Valuation metrics, including a negative P/E ratio, further weigh on the score. The absence of earnings call and corporate events data means these factors do not influence the score.

To see Spark’s full report on PENN stock, click here.

More about PENN Entertainment

PENN Entertainment, Inc. operates in the gaming and entertainment industry, focusing on regional casinos and digital betting services. The company offers a diverse portfolio of market-leading regional casinos and a complementary digital business, with a strong presence in the U.S. iCasino and Canadian operations.

Average Trading Volume: 3,375,709

Technical Sentiment Signal: Strong Sell

Current Market Cap: $2.36B

For an in-depth examination of PENN stock, go to TipRanks’ Overview page.

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