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ESPN BET to Replace WynnBET in New York, Hoping for Fall Launch

Andrew Brennan

Last Updated: August 2, 2024 5:06 PM EDT • 1 min 26 sec read.

New York Yankees third base Jazz Chisholm Jr. celebrates with outfielder Aaron Judge after hitting a home run.
New York Yankees third base Jazz Chisholm Jr. celebrates with outfielder Aaron Judge after hitting a home run. Photo by Bill Streicher via USA TODAY Sports.

WynnBET is exiting one of the biggest betting markets in the United States, with another one of the best sports betting sites taking over its license.

The New York sports betting scene is losing one of the best sports betting apps but gaining another, as ESPN BET is set to acquire WynnBET's online sports betting license in the state. ESPN BET is expected to launch as one of the best New York sports betting apps this fall.

WynnBET will continue to operate as part of the Nevada sports betting scene, and it will allow existing customers in New York to access their accounts and withdraw remaining funds until Aug. 29 at 11 p.m. ET.

WynnBET continues to exit big markets

Just one year ago, WynnBET closed operations in the Arizona sports betting scene, Colorado sports betting scene, Indiana sports betting scene, Louisiana sports betting scene, New Jersey sports betting scene, Tennessee sports betting scene, Virginia sports betting scene, and West Virginia sports betting scene.

It's also shut down its mobile operations in the Massachusetts sports betting scene.

“In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders," Wynn Resorts chief financial officer Julie Cameron-Doe said when the sportsbook shut down in those states.

"While we believe in the long-term prospects of iGaming, the dearth of iGaming legislation and the presence of numerous other investment opportunities available to us around the globe have led us to the decision to curtail our capital investment in WynnBet to focus primarily on those states where we maintain a physical presence.”

ESPN BET continues to grow

Bettors gained access to ESPN BET promo codes in November 2023 when the sportsbook went live in 17 U.S. states, taking over for Barstool Sportsbook. It has continued to expand into other jurisdictions, mostly recently launching in the North Carolina sports betting scene.

PENN Entertainment announced on Feb. 13 that it purchased Wynn Interactive Holding’s New York sports betting license for $25 million.

“This is an important development that will bring ESPN BET to the largest regulated online sports wagering market in North America," Jay Snowden, CEO and president of PENN Entertainment, said in a statement. "Together with ESPN, we’re building a brand that is synonymous with sports betting, and operating in the New York market is key as we grow ESPN BET across the US.”

Written By:
Andrew Brennan
Andrew Brennan is a publishing editor for Sportsbook Review. He also heads the website’s MLB coverage, from the various futures markets to daily picks. Andrew believes a math-based approach is the best way to enjoy long-term success in sports betting, and he’s spent the better part of the last year fine-tuning his own process for MLB, NBA, and NFL picks. Andrew uses eight different sportsbooks to find the best odds available and various projection models to gather as much information as he can. His most used sportsbooks are bet365, FanDuel, and theScore Bet. When it comes to daily projection models, he regularly references NumberFire across all sports, as it’s one of the best free tools available. In terms of which daily markets Andrew attacks, he almost exclusively bets on pitcher strikeouts for baseball. When the winter rolls around, you’ll see him providing more variety when it comes to the NBA (points, assists, rebounds) and NFL (almost any offensive-based player prop). He used these tools to go +150 units in 2023. Andrew is also a passionate fantasy sports player. He’s played fantasy football, fantasy Premier League, and fantasy baseball for the last decade. He graduated from Durham College with his diploma in journalism after earning his degree in law from Carleton University. He’s worked in sports media since early 2017, first contributing at FanSided before moving to theScore. He joined SBR in 2022.