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The Street
The Street
Colin Salao

ESPN is jumping into sports betting this month; these states can bet

ESPN's entry into the sports betting world has finally got a date.

The Walt Disney Company DIS sports network announced that it's launching its sportsbook ESPN Bet on Nov. 14.

ESPN shared a short teaser trailer to make the announcement that featured famous late night SportsCenter host Scott Van Pelt.

Related: ESPN dives deeper into sports betting through landmark partnership

But ESPN Bet is going to be available everywhere upon launch. Over 30 states in the US have legalized sports betting, but only 17 of them will have access to ESPN bet when it launches in two weeks. 

These are the states with access: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

Interested bettors can subscribe to updates from ESPN Bet on its website.

Related: What the ESPN Bet deal could mean to the sports media and betting industries

ESPN Bet is the product of the agreement between ESPN and Penn Entertainment in August in which Penn would be rebranding the Barstool Sportsbook for ESPN in a deal worth about $2 billion over the next 10 years.

Barstool Sports was also reacquired by Dave Portnoy in the deal.

ESPN Bet will be the first branded sportsbook for the Worldwide Leader after it had previous partnerships with the likes of DraftKings and Caesar Sportsbook.

Penn and ESPN are hoping that the new partnership allows them to break into a market controlled by two powers, DraftKings and FanDuel. Together, the two make up nearly 75% of the market share in sports betting and over 60% of online gambling. Barstool had about 3% of the sports betting market prior to its move to ESPN.

DraftKings overtook FanDuel as the market share leader for U.S. online gambling in August, though FanDuel still leads, specific to sports betting, according to a report by Eiljers and Krejcik Gaming.

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