Ever since PENN and ESPN announced their agreement to launch ESPN Bet back in August, there has been a range of opinions on how the new book will fare in trying to chase down FanDuel and DraftKings as the top sportsbook in the U.S. Wayne Kimmel, the managing partner of SeventySix Capital, holds an exceptionally optimistic view of this new venture saying, "I firmly believe they will not only reach that position but ultimately rise to the very top."

From SportsHandle:

One of the most compelling reasons why Kimmel, one of the nation’s leading venture capitalists in the sports betting space, believes ESPN BET can surge to No. 1 centers on ESPN’s global capabilities. In some respects, reports that ESPN could be sold to a leading tech company such as Amazon, Google, or Apple have created considerable uncertainty. On the contrary, Kimmel views the possibility of a mega-merger as a net positive.

After retiring from Disney in 2021, CEO Bob Iger returned to his old gig last November following the dismissal of Bob Chapek, his handpicked successor. Iger, in Kimmel’s estimation, did not return to his old job for a larger pension, but rather to execute a “big plan.”

“He understands that sports is one of the biggest growth asset classes in the world,” Kimmel told Sports Handle. “Sports is an integral part of entertainment today. He has unbelievable relationships in the sports world. He just knows how this all works.”
Read more here: https://sportshandle.com/kimmel-proj...to-rank-first/