ESPN Bet Launch Leads To $334 Million Loss For Penn Gambling Unit

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Penn Entertainment Inc.'s interactive gambling unit lost $333.8 million in the fourth quarter because of costs associated with the Nov. 14 launch of its new ESPN Bet sports-wagering product, sending the shares lower. Photographer: Gabby Jones/Bloomberg via Getty Images
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Penn Entertainment Inc.'s interactive gambling unit lost $333.8 million in the fourth quarter because of costs associated with the Nov. 14 launch of its new ESPN Bet sports-wagering product, sending the shares lower. Photographer: Gabby Jones/Bloomberg via Getty Images
ESPN Bet Launch Leads To $334 Million Loss For Penn Gambling Unit
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