After Tuesday’s landmark announcement that ESPN has partnered with PENN Entertainment to launch sportsbooks in the states the company currently holds licenses, many questioned how the network’s journalists fit into the sports betting venture.
It appears, however, that ESPN has thought of that. According to a report from Front Office Sports, the network is considering a plan to restrict employees from wagering with the rebranded sportsbooks.
Not only is the network considering disallowing sports betting with its branded sportsbook, but it is reportedly considering limiting any wagering for its employees. ESPN does not currently have a policy limiting the ability of employees to place bets on games.
The network would not be the first outlet to ban its employees from betting on games. The Athletic, now owned by The New York Times, has restricted its beat reporters and columnists from wagering on sports.
In the deal announced Tuesday, ESPN is essentially licensing its brand to PENN in exchange for $150 million per year over the course of a 10-year deal. Additionally, $500 million in stock warrants are available as a condition of the partnership.
