ESPN’s official sportsbook is officially stuck waiting for the green light from regulators to launch in the Empire State.
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PENN Entertainment Inc. suggested last month that its launch of ESPN BET in New York was possible by late August. Even so, a press release warned the debut was “subject to regulatory approvals.”
As it turns out, PENN has yet to obtain all of those regulatory approvals, so ESPN BET has not gone live in New York, the biggest competitive market for legal sports betting in the United States.
The hold-up is tied to Wyomissing, PA-based PENN’s entry point into the Empire State – specifically, the acquisition of a Wynn Resorts Ltd.-related entity that holds an online sports betting license for New York.
