ESPN BET Promo Code January 2024: Officially live!

This site contains commercial content

PENN Entertainment announced a partnership with ESPN to create ESPN BET Sportsbook and the new sportsbook is officially live as of Nov. 14.

PENN will be rebranding the existing sportsbook, which is currently operational in 17 states. ESPN BET is officially live in all 17 of those states.

The agreed-upon deal includes a PENN payment of more than $1 billion to ESPN over the next decade and an additional $500 million of warrants to potentially purchase roughly 31 million common shares of PENN Entertainment.

Follow along with the rest of this page for details on the ESPN BET Sportsbook, the ESPN BET mobile app, its promo code, future states, the ESPN brand as a whole, news about the online sports betting world and much more.

ESPN BET Promo Code

The current ESPN BET promo code TRIBUNE will unlock a generous offer bet and get. If you bet any amount, you can get $150 in bonus bets, broken down into five $20 increments and one $50 bonus bet, equaling $150 in total.

Critically, new users must sign up with the promo code to take advantage of this offer.

According to the terms of the deal, ESPN BET is available in 17 states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

How Do I Sign Up for the ESPN BET Promo Code?

The sign-up process for new sports bettors with various sportsbooks is generally the same.

First, users will click one of the modules displayed here, or in subsequent articles, and establish an account with the up and coming sportsbook.

The current ESPN BET promo code TRIBUNE will unlock a welcome offer. If you bet any amount, you can get $150 in bonus bets, broken down into five $20 increments and one $50 bonus bet, equaling $150 in total.

Latest ESPN BET News & Rumors

PENN Entertainment’s ESPN BET officially launched on Nov. 14 which is perfect for any kind of sports fan since its right in the middle of football season with basketball and hockey underway. PENN is an established player in the industry and trusted by a vast customer base.

• PENN Entertainment, Inc. will be handling all sportsbook business under ESPN BET, usually referred to DBA (doing business as).
• Big plans are in store for the ‘Daily Wager,’ ESPN’s betting program, as it will be headed back to the company’s Bristol Headquarters from Las Vegas.
• College GameDay will be hosted by Steve Coughlin (Stanford Steve). The program will be called ‘Steve’s 6-Pack.’
• PENN Entertainment, Inc. shook the sports betting world in early Aug. 2023 by announcing a 10-year agreement with ESPN to rebrand into ESPN BET.

What Are The Pros and Cons of ESPN BET?

Every sports book menu offers a plethora of betting options. Still, there are just some sportsbooks that offer bets that are more attractive than others.

That’s the case with ESPN BET’s NFL markets.

Here is a look at some of the best and worst options available on the site. First, let’s look at the good:

Alternate player props

ESPN BET allows users to bet alternate player prop unders in same game parlays. There are few sites where you can do this.

Most sportsbooks only let you to bet the upside – a player for 50+ yards, or 75+ yards at increased prices. You can’t capture a player’s downside, though. You’re only able to bet the under on his normal prop line. Why is this the case? Well, many sportsbooks shy away from this after getting burned on specific situations in the past. Remember when Draymond Green started a game just to honor Klay Thompson, then immediately subbed out, costing DraftKings millions?

Players to not score a touchdown

Sports book refunds have been a topic of debate. Bettors often argue that if you don’t like getting burned by player injuries when betting props, you should bet some unders instead. The issue with this argument is that it doesn’t take into account that you often can’t bet the downside case.

ESPN BET is the only one among the major U.S. sportsbooks in double-digit states that does allow bets on which players will not score. This is possible for both hockey and football games.

Most bettors prefer betting on plays that are going to happen. But it’s nice to have the option to bet the other side. This can keep the pricing in line on the “yes” side.

The Boosts

Every sportsbook offers pre-determined boosted odds on specific markets. Experienced bettors know that only a few are worth betting blindly.

Twitter accounts found that two of the nine NFL boosts offered by ESPN BET on Sunday were +EV and worth betting, which is better than most sportsbooks on the market.

https://twitter.com/TheeDegenBoosts/status/1726285503010418802

The bad

Teasers

Teaser pricing has been getting worse across the industry, to the point where what was once a mathematical edge has pretty much vanished thanks to the high price point.

At ESPN BET, it’s best to avoid betting NFL teasers. They use “dynamic teaser pricing”, so depending on what you include, the pricing changes.

Longer Payout & Processing Time

Twitter users have complained about the inconsistency of payouts. While some receive payouts instantly, others are reporting payouts are still pending after waiting two days. Other users complained about verification time it takes to join the platform, with some waiting 4-5 days to join the platform. This was typically due to customer support needing time to review their supporting documents and verify their accounts.

PENN Entertainment and ESPN BET

According to PENN’s agreement with ESPN is slated to launch a state of the art sportsbook in mid-November.

The new sports betting app will feature a wide variety of markets and leagues as well as unique promotions for new and existing users.

Once finalized, ESPN BET will be the exclusive sportsbook of the sports media company and will likely be integrated into the brand’s programming in the Fall.

Notably, PENN will handle all the bets to add a degree of distance between the actual gambling and ESPN, which is owned by Disney.

For a while, it seemed as though Disney would never develop an ESPN sports betting app but the market is simply too big to ignore. With legal online sports betting taking hold in dozens of states now, the stigma is less common.

ESPN is poised to cater to sports fans with the new book as they already have a built in customer base. The hurdle now becomes securing the needed sports betting license in the relevant states.

With Kentucky online sports betting recently going live in the online sportsbook market, it’s likely that the Bluegrass State will be a focal point of the ESPN BET mobile app launch.

As a Walt Disney company, ESPN BET was late to the sports betting space in large part due to the negative connotation around sports bettors and the sports betting related content. It’s still seen as somewhat unsavory despite the legal betting age and legal betting launch of so many different sportsbooks.

An ESPN branded sportsbook has an inherent advantage over many other online sportsbooks as they already have a dedicated viewership that will undoubtedly come to ESPN BET for sports wagers.

While Disney was initially resistant to any kind of gambling, and even pushed against establishing gambling options in Florida, ESPN has not been the cash cow it once was for Disney and this sportsbook expansion marks an entirely different strategy to draw profit.

Sportsbook revenue has been steadily increasing over the past few years with $4.29 billion in 2021 and $7.5 billion the following year.

What States Have Access to ESPN BET? 📌

As noted above, the structure of the deal between PENN and ESPN is laid out so that the ESPN BET app automatically assumes the licensing in the existing 17 states in which PENN is currently operational.

As noted above, ESPN BET is operational in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia as of Nov. 14.

ESPN BET Kentucky

Sports betting launched in Kentucky in September 2023 and ESPN BET is one of the lucky sportsbooks operating in the Bluegrass State.

There are 27 total sports betting licenses available in the state and ESPN BET has successfully secured one of them.

ESPN BET Vermont

Vermont is another state with a recent sports betting breakthrough, as Republican Gov. Phil Scott signed a bill in early June legalizing online sports betting in the state.

While ESPN BET is not yet live in Vermont, it’s likely to launch in the Green Mountain State in the near future.

ESPN BET Maine

Maine Gov. Janet Mills signed sports betting into law in Spring 2022, but there hasn’t been much momentum in terms of an official launch just yet.

Under the legislation, the state’s four Indigenous tribes would partner with one sportsbook each to provide retail or online sports betting to residents of the state.

ESPN BET is not yet live in Maine but with sports betting recently going live there, it will likely be an available operator at some point in the near future.

ESPN BET North Carolina

North Carolina mobile wagering was legalized in June 2023, with the possibility of up to 12 online sports betting licenses available.

While there’s no specific date timeline, it’s possible that North Carolina sports betting could be available as early as January 2024.

North Carolina represents a big market for sports betting and it’s very likely that ESPN BET will pop up in the Tar Heel State within the next calendar year.

PENN Entertainment announced it has entered into a long-term, multi-faceted partnership with Quail Hollow Club and the Wells Fargo Championship. Under the agreement, PENN secures market access for its online sports wagering platform, ESPN BET, in North Carolina.

ESPN BET Promotions

As we’ve noted above, the current ESPN BET welcome offer has yet to be announced. Stay tuned for more details, and know that new users will need to sign up with the ESPN BET promo code TRIBUNE to unlock this offer.

Other promotions available at this sportsbook include:

Deposit Match Bonuses

Deposit Match bonuses are available at various sportsbooks.

Essentially, they are structured as a kind of bet insurance, with users getting their deposit stake matched by the online sportsbook. Sometimes books will offer a complete deposit match while other times it will be a partial amount.

Typically, these promotions — and similarly structured welcome offers — are reserved for new users.

Odds Boosts

Odds Boosts have also become more popular with the expansion of sports betting across the U.S. Basically, odds boosts are adjusted odds on specific games based on the sportsbook’s choosing.

For example, some sportsbooks offers odds boosts on MLB games daily. Often these odds boosts come in the form of parlay wagers or individual player props rather than adjusted game odds.

Odds boosts can apply to any market, across any league but do often coincide with the most popular sport during that portion of the year. Typically, odds boosts for the NFL will pop up in the fall or early winter, MLB odds boosts will occur during the late summer, and NBA odds boosts in the spring.

Special Events

Special event promotions are a bit more broad, because there is no set structure. That being said, most sportsbooks tend to offer new and existing customers some kind of promotion to coincide with a big event like the NFL playoffs, NBA Finals, World Series or even the Stanley Cup.

ESPN BET is a uniquely advantageous position as they already have a massive customer base to tap into. The worldwide leader in sports media will undoubtedly make a splash in the sports betting market.

Bonus Bets

Bonus bets are common on any sports betting platform. Players can receive bonus bets in a number of different ways, from a Bet & Get promotion to start out on a site or First Bet Insurance of some sort.

Payment Options at ESPN BET 💵

We’ve outlined a list of payment options at ESPN BET below.

Deposits

There are a variety of different deposit options currently available at PENN Entertainment affiliated books.

Typically, users can deposit using Apple Pay, all major debit cards, Play+ account, wire transfer, PayPal, online banking account and even e-check.

Withdrawals

The withdrawal options are similar as players can take money out using their Play+ account, e-check, traditional check, online banking or PayPal.

And of course, players can always withdraw cash at the cage in an affiliated retail casino.

ESPN BET Promo Code Conclusion

ESPN BET has jumped to the front of the sports betting market. The brand itself is well-established and trusted among casual or avid sports fans that the sportsbook will undoubtedly be one of the best betting options for players across the country.

The ESPN BET promo code TRIBUNE will a welcome offer that’s coming soon.

That said, new users MUST sign up with the promo code to take advantage of the offer.

ESPN BET FAQs

Here are some common questions and answers about the ESPN BET promo code:

When is ESPN BET launching?

As of November 14, 2023, ESPN BET Sportsbook is officially live.

As noted above though, ESPN BET has betting license in 17 states, with a potential expansion into more states in the coming months.

Is there an ESPN BET promo code?

Yes, the current ESPN BET TRIBUNE will unlock a welcome offer. If you bet any amount, you can get $150 in bonus bets, broken down into five $20 increments and one $50 bonus bet, equaling $150 in total.

What are the best sportsbook promos?

A sportsbook bonus, or promo, can be structured in many different ways but two very common sportsbook promos are First Bet Insurance promotions and Bet and Get promotions.

With the former, users will get their first wager covered. With the latter, players will get a specific bonus bet allotment with a small qualifying wager.

Is ESPN BET a legit sportsbook?

Yes, ESPN BET is a legit sportsbook and new users are able to take advantage of the state of the art technology on the platform.

Gambling problem? Visit problemgambling.az.gov or problemgambling.az.gov/self-exclusion, text NEXTSTEP to 53342, or call 1-800-NEXT-STEP