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Truist Report Suggests ESPN Bet May Rival DraftKings and FanDuel in Betting Market

Truist's nationwide survey, encompassing diverse consumer preferences across various sectors, indicates that ESPN Bet, operated by Penn Entertainment, could emerge as a significant contender challenging the dominance of DraftKings and FanDuel in the U.S. betting market.

The 2024 Interactive Gaming Survey conducted by Truist Securities analysts highlights the potential of ESPN Bet to compete with the industry's leading players. Notably, findings reveal that approximately 44% of surveyed sports enthusiasts regularly check ESPN scores, with 64% expressing interest in the integration of betting functionalities with analytical tools.

Among respondents who frequent ESPN and exhibit an inclination towards integrated betting features, a substantial majority (52%) indicated a likelihood of ESPN Bet becoming their preferred betting platform. Moreover, nearly half of these individuals (45%) expressed readiness to transition from existing sportsbooks to ESPN Bet if the latter were to become available.

These insights underscore the growing significance of synergies between sports media and betting platforms, suggesting a promising outlook for ESPN Bet's competitive positioning in the evolving landscape of interactive gaming.

5 April 2024, 13:00

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