DraftKings and ESPN made their new agreement public on Thursday (November 6) as the broadcaster replaced PENN Entertainment with DraftKings as the exclusive ‘Official Sportsbook and Odds Provider.’

The partnership means fans will be able to use betting features and gain access to offerings, including DraftKings’ sportsbook, daily fantasy, and DraftKings Pick6 at launch.

ESPN & @DraftKings enter a multi-year agreement

DraftKings will become the Official Sportsbook & Odds Provider of ESPN

Details: https://t.co/1Vx55jBbBc pic.twitter.com/8m9kcEFRjl

— ESPN PR (@ESPNPR) November 6, 2025

“Our betting approach has focused on offering an integrated experience within our products,” said Jimmy Pitaro, Chairman, ESPN.

“Working with DraftKings, a leader in the space, will allow us to build upon that foundation, continue to super-serve passionate sports fans and grow our ESPN direct-to-consumer business. We are excited about this new collaboration with DraftKings.”

Due to this, ESPN BET will shift to a sports betting content brand with DraftKings Sportsbook integrations, anchored by ESPN’s betting show, ESPN BET Live. Previously, the company had a relationship with PENN Entertainment.

DraftKings reports growth as third quarter financial results are posted

On the same day as the announcement, DraftKings also shared its third quarter 2025 financial results, with an increase of $49 million reported.

The revenue has come in at $1,144 million, with the 4% rise being compared to the same period in 2024. Within the press release, the company says this increase “was driven by continued healthy customer engagement, efficient acquisition of new customers, and higher structural Sportsbook hold percentage, partially offset by customer-friendly sport outcomes.” That said, DraftKings is currently trading at about $27.98, down nearly 28% over the past year. According to InvestingPro, the stock is now hovering right around its 52-week low of $27.89.

However, the recent announcement with the major broadcaster isn’t the only sign of new beginnings as DraftKings shared in the earnings letter that they have a pending launch of DraftKings Predictions. They expect this to be available in the coming months and say it’ll enter many states with sport event contracts, as they aim to unlock a new customer base and revenue stream.

“Nearly half the country’s population remains without access to legal online sports betting, but there are several other companies offering federally regulated Predictions in all 50 states. As growth in Predictions continues, this may also motivate more states to legalize online sports betting and iGaming with reasonable regulation and taxation,” the letter reads.

Featured Image: Via ESPN Press Room

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