The Worldwide Leader in Sports partnered with PENN Entertainment to bring you ESPN BET. This sportsbook is live in 18 states, so if you’re in one of the lucky ones, sign up today using promo code LABS to score the welcome offer of a $1,500 First Bet Reset!
Learn more about the ESPN BET promo code and other key features of the sportsbook in this comprehensive guide.
More on the ESPN BET Promo Code
ESPN BET could very well become the biggest brand name in sports betting history, and we’ve got all the details on the ESPN BET promo code.
| ⭐ ESPN BET Promo Code | LABS | LABS |
| 💰 ESPN BET New Customer Offer | $1,500 First Bet Reset! | Bet $10, Get $100 in Bonus Bets + ESPN+! |
| 📝 Terms and Conditions | New users only, 21+. Gambling problem? Call 1-800-GAMBLER. Must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, NC, NY, OH, TN or VA in order to wager. Players must sign up using a specified Promotion code and then place an Eligible Wager on an Eligible Game during the Promotion Period. Bonus Bets will be credited upon making the first bet. Please Gamble Responsibly. | New users only, 21+. Gambling problem? Call 1-800-GAMBLER. Must be physically present in MI, NJ, PA, WV in order to wager. Players must sign up using a specified Promotion code and then place an Eligible Wager on an Eligible Game during the Promotion Period. Bonus Bets will be credited upon making the first bet. Please Gamble Responsibly. |
| 💳 Deposit Methods | Debit/credit card, Online banking, ACH/eCheck, PayPal, Skrill, Venmo, Cash at Casino, Wire Transfer | Debit/credit card, Online banking, ACH/eCheck, PayPal, Skrill, Venmo, Cash at Casino, Wire Transfer |
| 🎯 Last Verified | November 2024 | November 2024 |
What Is the ESPN BET Promo Code?
The ESPN BET promo code is LABS, which unlocks the welcome offer of a $1,500 First Bet Reset! The bonus bets will help offset initial losses so you can maximize your bankroll from the get-go. Claim the offer by using the links on this page to download the app and entering our code during registration. This offer is available to new players in AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, NC, OH, TN & VA.
Users in MI, NJ, PA and WV can use the ESPN BET promo code LABS to receive the following offer: Bet $10, Get $100 in Bonus Bets + ESPN+!
Deposit Match Offer at ESPN BET
In addition, ESPN BET is offering a Deposit Match of $500 in Eligible Cashback. New ESPN BET players who sign up will qualify to receive a 200% deposit match on their first deposit made, up to $500 in Eligible Cashback.
Eligible Cashback is added automatically after a players first deposit and must be used within 30 days. More importantly, the Eligible Cashback converts to withdrawable cash at a rate of 5% for the sportsbook. Therefore, if you deposit and wager $60 at the sportsbook, you’ll receive $3 of withdrawable cashback.
What Is ESPN BET?
ESPN BET is a sports betting brand name created by ESPN. Thanks to their partnership with PENN Entertainment, ESPN BET will act as an official sports betting app and resource for online sports betting. Considering how much of a worldwide leader ESPN has been in the sports world for years, many are anticipating that ESPN BET will become the single biggest sportsbook resource in history.
Here are some of the details on this historic partnership between ESPN and PENN Entertainment:
- Penn Entertainment announced an agreement to pay ESPN $1.5 billion over a 10-year partnership plan.
- This partnership was announced in early August 2023.
- ESPN BET began in the 17 states where PENN Entertainment previously had sportsbooks.
- ESPN BET first launched on November 14, 2023.
Hollywood Casino at ESPN BET
Most recently, ESPN BET has partnered with the Hollywood Casino to offer casino gameplay exclusively on the ESPN BET app.
Register today with promo code LABS to Get Up to $500 Cash Back Over the First 24 Hours!
New players only. Must be 21+ and present in MI, NJ, PA, WV. Full T&C Apply. Gambling Problem? Call 1-800-GAMBLER
Existing Sports Betting Resources on ESPN
Before ESPN BET was announced in early August, ESPN still had their hands in the sports betting world with various platforms and resources.
ESPN PickCenter is probably the most well-known of them all, giving football fans another tool in their arsenal for making picks. It was also a useful tool for ESPN insiders to get an in-depth look at theoretical models of what teams would come out on top each week.
ESPN also has betting lines and daily lines, complete with odds and spreads, though these have never had the sophistication or in-depth waging features that the official ESPN BET sportsbook does.
Latest ESPN BET News & Rumors
PENN Entertainment’s ESPN BET launched on November 14, 2023. Here are some details on how we got to this point.
- In May 2024, ESPN BET becomes the Official Sports Betting Sponsor of the PGA Championship, a partnership that will extended through 2026.
- ESPN BET NC is officially live on March 11; North Carolina sports bettors can sign up and start betting.
- ESPN BET NC pre-registration is officially live on March 1, 2024 in anticipation of the official online sports betting launch in the state on March 11, 2024.
- PENN Entertainment announces that it has reached an agreement with Wynn Interactive to acquire its New York sports betting mobile operating license. ESPN BET should launch in New York some time in 2024.
- ESPN BET announced their intention to partner with Quail Hollow Club (a PGA Tour venue), securing future market access in NC.
- ESPN announced on November 2 that its official launch date will be November 14. According to the company press release, ESPN BET will launch in 17 states on 11/14, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia
- PENN Entertainment, Inc. will be handling all sportsbook business under ESPN BET
- 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.
- A new segment on College Game Day 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.
NFL Betting on ESPN BET
Since ESPN is the world’s largest sports network, it easily has what it takes to become the world’s largest and most successful sports betting platform as well.
A key contributor to its success will likely be its ability to deliver an exceptional NFL experience. With NFL already being the biggest sport in the United States, ESPN BET has become a popular place for fans to place wagers.
In addition to a competitive welcome bonus that you can use on NFL markets, you’ll appreciate competitive NFL odds and NFL live streaming that lets see the results of your wagers in real time.
Daily Fantasy Sports on ESPN BET
Fans of ESPN’s current fantasy sports are already used to the website’s functionality for creating DFS and season-long fantasy sports teams. ESPN Fantasy competes with Yahoo! Fantasy, Underdog Fantasy, and Sleeper Fantasy.
Despite ESPN being a popular resource for fantasy NFL, fantasy baseball and fantasy basketball, fans have never really considered ESPN’s DFS functionality to be on par with something like the DraftKings sportsbook or the FanDuel sportsbook. With ESPN BET, fans of daily fantasy sports contests or DFS events may eventually see a proper upgrade of these features.
ESPN leagues and rankings are another feature that’s expected to be seamlessly integrated into the ESPN BET sportsbook app and platform. These features are so universal and respected by sports fans everywhere that you don’t even need to be deep into the online sports betting world to appreciate the information they offer.
With all of the money and effort that ESPN is putting into ESPN BET, it’s quite likely that this will become a new pillar for this sports network, reinventing how sports bettors engage with their favorite fantasy sports leagues and teams.
Legal ESPN BET Betting States
Here are the states that now have ESPN BET:
Arizona
- Partnership: NASCAR
- Launch Date: November 14, 2023
Colorado
- Partnership: Ameristar Casino Black Hawk
- Launch Date: November 14, 2023
Illinois
- Partnership: Hollywood Casino Aurora
- Launch Date: November 14, 2023
Indiana
- Partnership: Hollywood Casino Lawrenceburg
- Launch Date: November 14, 2023
Iowa
- Partnership: Ameristar Casino Hotel Council Bluffs
- Launch Date: November 14, 2023
Kansas
- Partnership: Hollywood Casino at Kansas Speedway
- Launch Date: November 14, 2023
Kentucky
- Partnership: Ellis Park Racing & Gaming
- Launch Date: November 14, 2023
Louisiana
- Partnership: Boomtown Casino
- Launch Date: November 14, 2023
Maryland
- Partnership: Hollywood Casino Perryville
- Launch Date: November 14, 2023
Massachusetts
- Partnership: Plainridge Park Casino
- Launch Date: November 14, 2023
Michigan
- Partnership: Greektown Casino
- Launch Date: November 14, 2023
New Jersey
- Partnership: Freehold Raceway
- Launch Date: November 14, 2023
North Carolina
- Partnership: Quail Hollow Club
- Launch Date: March 11, 2024
Ohio
- Partnership: Hollywood Casino Columbus
- Launch Date: November 14, 2023
Pennsylvania
- Partnership: Hollywood Casino at Penn National Race Course
- Launch Date: November 14, 2023
Tennessee
- Partnership: To Be Determined
- Launch Date: November 14, 2023
Virginia
- Partnership: To Be Determined
- Launch Date: November 14, 2023
West Virginia
- Partnership: Hollywood Casino at Charles Town Races
- Launch Date: November 14, 2023
Where Will ESPN BET Sportsbook Launch Next?
ESPN BET is currently in 18 states and will likely continue to expand. Find details on potential launches below:
ESPN BET New York
Having purchased the WynnBET casino operating license in NY, PENN Entertainment might be able to facilitate the launch of ESPN BET in the Empire State in the coming months.
ESPN BET Vermont
Vermont legalized online sports betting in January 2024 and may welcome ESPN BET into its fold soon. Stay tuned for updates.
ESPN BET Bet Types
Having multiple bet types is important to the quality of any sports betting institution, especially for keeping new and existing customers of all kinds for as long as possible.
Like its competition, ESPN BET sportsbook offers all the biggest bet types, including spread bets, futures, prop bets, teasers, moneylines, parlays and custom parlays. Many of these bet types are considered the bread and butter of any reputable bet sportsbook. They are just as important for keeping long-term customers and users as bonus bets, bonus codes, and bet promo code offers are for attracting new customers to the user base.
Alternate Player Props
ESPN BET is one of the only sportsbooks to allow users to bet alternate player prop unders in same game parlays. Most sportsbooks only allow you to bet the upside – a player for 50+ yards, at increased prices. However, in those books, you can’t capture a player’s downside because you’re forced to bet only the under on their standard prop line.
However, you won’t have an unlimited number of options. You can’t bet Patrick Mahomes under 25.5 passing yards at 100-1, and hope he gets injured. After the situation with Draymond Green starting a game to honor teammate Klay Thompson, then immediately subbing out, which cost DraftKings millions, sportsbooks have tried to avoid this.
But it’s definitely a step in the right direction that you can take some alternate unders.
Players to Not Score
In the great debate about sportsbook refunds, in which bettors argue that if you don’t like getting burned by player injuries when betting props, you should bet unders instead, they forget that in most cases you can’t bet the unders.
This makes ESPN BET one of the few on the market, and the only one among the major U.S. sportsbooks in double-digit states, that allow you to bet players to not score TDs or not score in the NHL.
Most sportsbooks don’t let you bet things to not happen – players to not score a goal, players to not score a touchdown. Most bettors want to bet on things to happen, but it’s unique to see a sportsbook give you the option to bet the other side.
Boosts
Every sportsbook offers some kind of boosted odds on pre-determined markets. Some are bad, some are horrible, and only a few are worth betting blindly.
After the first weekend, it was definitely a blend. Twitter accounts that calculate the value of every NFL boost found that two of the nine NFL boosts on Sunday were +EV and worth betting.
That’s better than most sportsbooks!
Teasers
Teaser pricing has been getting worse at most sportsbooks, to the point where what was once a mathematical advantage has practically vanished because the prices have increased substantially.
To make a six-point, two-team teaser work, the price has to be -115 or better. You can find -120 at DraftKings still.
At ESPN BET, you’ll most likely want to avoid betting NFL teasers altogether. They use dynamic teaser pricing, meaning depending on the types of lines you include in your teaser, the pricing will change.
- Tease an under from 40.5 to 46.5 and the Jets from +7.5 to +13.5, which is not an optimal teaser? +101
- Tease the Commanders from -8.5 to -2.5 and the Lions from -7.5 to -1.5? -171
At DraftKings, which doesn’t use dynamic pricing on teasers, you can bet that exact same teaser at -120 instead of -171.
Depositing and Withdrawing Funds
One of the most important factors of convenience for any bet sportsbook platform is allowing users to withdraw and deposit funds through as many options as possible. ESPN BET offers a diverse list of options for users to move their cash around.
These options include wire transfers, credit cards, debit cards, ACH/e-check, Skrill, Venmo, Online banking, and PayPal. Of course, some of these payment options are limited by region or state, so make sure to double-check your own state’s rules and regulations on the payment or transfer methods you prefer to use.
Payment & Processing
Many users also experienced delayed payouts on ESPN BET’s opening weekend. One withdraw took more than two days to process, which is within the stock timeline most sportsbooks give you but is well outside what’s become normal in U.S. sports betting.
Users on Twitter complained about the inconsistency of payouts, receiving certain payouts instantly and others still pending after two days.
Other users complained about account verification time, as they needed to wait 4-5 days to join the platform while customer support reviewed their supporting documents and verified their account.
These things are expected to improve as signups and registrations slow following ESPN BET’s opening weekend, but it doesn’t encourage a ton of confidence for users who expect near-instant verification and payouts.
ESPN BET User Features
Every sportsbook has unique features that either increase or hinder the usability of their app. In most cases, your average sportsbook will have the standard features that are essential for every sports bettor. However, ESPN BET does provide some unique elements that are worth highlighting.
Betting Limits
Some ESPN BET users were disappointed to find out that if they were “limited” – meaning they could only bet minimal amounts because they were deemed an experienced bettor. If previously with PENN, those limitations carried over to ESPN BET.
This is especially true for playing boosts, which can lead to a player being limited relatively quickly if you consistently bet on boosts. Notably, with previous PENN products, only betting the +EV boosts can get you limited pretty quickly as well.
Organization
In terms of organization, ESPN BET is moderate for American sportsbooks. At times, it can be difficult to find specific markets, because they’re located on top of each other as you navigate.
For example, if you want to bet player blocked shots in the NHL, you need to scroll to the very bottom through every single prop. On DraftKings, they have a second-tier menu where you can easily navigate to each prop category without a long, extended scroll.
The user experience of the app is very engaging. It moves fast, it’s easy to find your existing bets, and the search function is highly accessible.
ESPN BET Promo Code FAQ
Still have questions about the ESPN BET promo code? Check out the FAQs below:
Will ESPN BET offer DFS games?
Not yet, though we expect that ESPN BET will eventually incorporate Daily Fantasy Sports or DFS events, contests and games. Because ESPN’s standard site already offers various DFS features, it’s only natural for ESPN BET to expand upon them.
When did ESPN BET launch?
ESPN BET initially launched in 17 states on November 14, 2023.
What is the promo code for ESPN BET?
The ESPN BET promo code is LABS. It is important to type the promo code into the box when prompted to ensure you get the full new customer bonus of a $1,500 First Bet Reset! This offer is available to new players in the following states: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, NC, OH, TN, VA.
Users in MI, NJ, PA and WV can use the ESPN BET promo code LABS to receive the following offer: Bet $10, Get $100 in Bonus Bets + ESPN+!
Will there be a rewards program available for ESPN BET?
Yes! ESPN BET offers PENN Play, the popular rewards program available at PENN Entertainment properties nationwide.
Where did ESPN BET launch?
ESPN BET is now live in 19 states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia. The app will likely become available in more states as it secures more licenses. Additionally, legislative efforts in states without legal sports betting may help provide more market space.
