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Morning Brew Daily

Penn and ESPN Gamble on New Partnership & Credit Card Debt Soars Over $1 Trillion

Morning Brew Daily

Morning Brew

News, Business, Business News

4.42.8K Ratings

🗓️ 9 August 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Episode 121: Neal and Toby discuss ESPN's $2 billion deal with Penn Entertainment to launch a betting app. The guys also get into why Penn sold Barstool Sports back to Dave Portnoy and just exactly what the details of that agreement look like. Plus, for the first time ever credit card debt in the US tops $1 trillion and the weight-loss drug that can also stop heart attacks. Also, how one Jersey show town is fighting back against wind turbines and what the future of WeWork looks like. And finally Fortnite has a museum dedicated to teaching about the Holocaust. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning, Brew Daily Show, I'm Neil Freeman, and I'm Toby Howell.

0:03.2

On today's pod, American credit card debt hit a milestone that has got to be freaking out Dave Ramsey,

0:09.2

and WeWork's roller coaster ride over the past few years just took a major turn.

0:14.0

Then ESPN is finally jumping into the sports gambling world in a drama-filled deal that leaves

0:19.7

barcel sports out to dry, plus a game designer is opening a new Holocaust museum in a surprising

0:26.6

place. The Battle Royale game Fortnite. It's Wednesday, August 9th, let's ride.

0:37.4

Okay, so I played a board game. It was a settler of Subkatana against Toby last night,

0:43.1

and let me just say, if you want a calm, relaxing game night, Toby is not your guy. I mean,

0:50.7

this was the most intense board game experience I've ever had. You could see this kid's competitive

0:55.7

jeans kick in. There was pacing. There was yelling. I think there was even a little foaming at the

1:00.6

mouth. Neil is being so mean to me, that's why. What's that? Seller of Subkatana allows you to target

1:06.7

certain players, and I felt like I was being unjustly targeted by you and your brother, so I'm

1:12.0

surprised we're sitting here together today, because I didn't think we were going to make it to

1:15.3

this studio this morning. They got intense, for sure. Neil ended up eating me, so there you go,

1:20.2

congrats to Neil. I know, but Toby, I'll honestly Toby is way better, and he was guiding me along,

1:25.2

so thank you for your guidance and your mentorship. Toby is really good. He plays online a lot,

1:31.6

so if you want to play, Toby, do you have a user name or something? I'm going to keep that

1:36.2

user name secret, because I don't want people targeting me. I've got to maintain my competitive

1:41.9

advantage. Say, congratulations, Neil. That's what we'll leave it at. Everyone give Neil

1:46.8

congratulations. Thank you. We'll pause there and let everyone do it. Now we're done. All right,

1:52.5

let's jump into our top story, where we have big news out of the sports media world. Last night,

1:58.4

the gambling giant Penn Entertainment in the media company Barstool Sports announced they were

...

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