A New Player in the Online Sports Betting Arena
ESPN, a household name in sports broadcasting, has recently ventured into the world of online sports betting with the launch of its new app, ESPN BET. This app is a product of a partnership between ESPN and Score Media and Gaming Inc., a company known for its innovative approach to digital sports media and gaming [apps.apple.com*, scoremediaandgaming.com].
The Birth of ESPN BET
ESPN BET is a rebranded version of an existing sports betting app, Barstool Sportsbook, which was previously launched by Penn Entertainment [apnews.com]. The app was officially launched on November 14, 2023, and is currently available in 17 states across the United States [espn.com, cbsnews.com]. The app is accessible via Android or iOS devices and also via the web at ESPNBET.com [espn.com].
Features and Functionality
ESPN BET offers a suite of cutting-edge features, including live in-game wagering, cross-sport parlays, moneylines, futures, teasers, and numerous prop bets [apps.apple.com*]. The app also features a seamless registration process, secure transactions, and quick bets [apps.apple.com*]. One of the unique features of ESPN BET is its integration with the ESPN sports app. Users can check scores, read stories, and load up a bet slip all in one place before moving over to the sportsbook to place the bet [sportsbettingdime.com].
The Competitive Landscape
The online sports betting market is highly competitive, with DraftKings and FanDuel currently dominating about 80% of the market [marketplace.org, cbsnews.com]. However, ESPN BET aims to carve out a niche for itself by leveraging ESPN's brand recognition and its unique integration with the ESPN sports app [sportsvideo.org, sportsbettingdime.com].
Criticism of Gambling Apps
While the launch of ESPN BET marks a significant moment in the rapidly growing sports betting market, it also raises concerns about the proliferation of gambling apps. Critics argue that these apps can contribute to problem gambling and other related issues. However, ESPN BET, like other legal betting platforms, has measures in place to promote responsible gambling, including age restrictions and geolocation requirements to ensure users are betting within states where online sports betting is legal [espn.com].
In conclusion, ESPN BET represents a significant development in the online sports betting market. Its unique features and the backing of a strong brand like ESPN could potentially disrupt the market currently dominated by DraftKings and FanDuel. However, as with all gambling platforms, it's important for users to bet responsibly and within their means.
Written by Perplexity