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Nothing Personal with David Samson

ESPN Bet coming soon: Why ESPN made the deal with PENN Entertainment, Why PENN decided to let go of Barstool (Episode 863)

Nothing Personal with David Samson

David Samson

Sports, Baseball, Business

4.73.1K Ratings

🗓️ 9 August 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Today’s word of the day is ‘divest’ as in Barstool as in ESPN as in PENN Entertainment as in gambling as in sportsbooks as in blockbuster deals. ESPN Bet is here and Barstool Sportsbook is no more. ESPN’s new $2B deal with PENN will see a new sportsbook enter the market. Why now? (28:55) Review: You Hurt My Feelings. (33:40) We have more Commanders drama. It never ends with that team! (41:00) The Atlanta Braves are built different. The team has 4 players (Acuna, Allies, Olson, Riley) that have played in the team’s first 111 games. And they are great. And they keep winning. (44:50) NPPOD Buy Merch, Be Happy: davidsamsonpodcast.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

That's the nothing personal word of the day.

0:20.1

It is Wednesday, August 9, 2023, and we are off to the races with a blockbuster announcement

0:28.3

yesterday. That pen entertainment and ESPN are a cut and a deal. ESPN has been in the news

0:37.2

a lot recently, trying to figure out what's going on with Disney. How much ESPN is worth?

0:43.8

Could they be selling? Who's running Disney? How are they monetizing?

0:50.9

ESPN said, you know, there's a whole stream of revenue that we're not getting. And why

0:56.0

is that? Why do we get ad revenue from DraftKings and FanDuel? But we don't have our own sportsbook.

1:03.0

It's going to be legal in 50 states soon. Why don't we look for a dance partner? In an industry

1:10.6

where there's a duopoly, DraftKings and FanDuel, have the lion share of the market, and

1:16.8

other companies have tried, unsuccessfully, to find their way onto the podium. Fox tried

1:25.3

its own betting app site. Nope. Penn said, let's start bar stool. We're going to buy

1:34.3

bar stool. We're going to start a bar stool sportsbook. Nope. Fanatic said, let's buy points,

1:39.1

bet that'll get it done. Eh, maybe. Caesars, let's spend some serious money, have people

1:44.2

bet with Caesars, bet MGM. Let's get Jamie Foxx. Nobody can touch DraftKings and FanDuel.

1:53.8

Fanatic said, you know, I got to tell you, I think that we have a way to do it. Instead

2:00.2

of living with Port Noine bar stool, why don't we align ourselves with the top brand in sports?

2:09.7

The place where everybody goes for information, betting is information. If you can get everybody

2:16.4

to go to the same place to get the information they used to make the bet and then not have

2:21.0

to go anywhere in order to make the bet. And you're pulling in money left, right, and center

2:28.7

from the same person. Now we're talking. We're talking integration. ESPN starts its talks

2:37.6

with Penn and says, we're happy to give you our brand. We're happy to make it so our customers

2:45.8

can think that they are betting with ESPN. We're happy to have you run it. But you know,

...

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