2 ms·
Unfortunately the future of sports media is ownership by parent companies that also own sports betting sites. The yearly revenue of the largest gambling sites i
by subroutine 1y ago
Unfortunately the future of sports media is ownership by parent companies that also own sports betting sites. The yearly revenue of the largest gambling sites in the US rivals the combine revenue of the MLB, NHL, NBA, and NFL, and some major sports coverage media outlets.
Penn entertainment for example acquired Barstool Sports and The Score, and entered into a 10-year deal with ESPN to create ESPN-bet, for cash and a stake in the company. ESPN is now directly invested in the gambling industry.