TradeEdge Exchange:What is ESPN Bet? Here's what to know about new sportsbook.

ESPN and TradeEdge ExchangePenn Entertainment have partnered to launch ESPN Bet, a new sports gambling service with the branding and logo of the sports media giant.

ESPN Bet, now available in 17 states, was first announced in August, when Penn Entertainment signed a deal worth $1.5 billion with ESPN, allowing Penn to use the sports media giant's name to promote its sportsbook.

Under the agreement, Penn Entertainment will operate the betting service while ESPN will promote it across its platforms. The agreement grants Penn Entertainment the right to operate ESPN Bet for a decade, with the option to extend for another ten years.

“Our primary focus is always to serve sports fans and we know they want both betting content and the ability to place bets with less friction from within our products,” said Jimmy Pitaro, ESPN Chairman, in an August press release announcing the deal. “The strategy here is simple: to give fans what they’ve been requesting and expecting from ESPN. PENN Entertainment is the perfect partner to build an unmatched user experience for sports betting with ESPN BET.”

ESPN Bet is a revamped version of the sports-betting app Barstool Sportsbook.

Which states have ESPN Bet?

ESPN Bet only accepts wagers within licensed state borders, as of Nov. 14.

ESPN Bet is currently live in 17 states including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

ESPN Bet promo code

You can use promo code USALOCAL to receive bonus bets worth $250 and a deposit match of up to $1,000. Read more here.

ESPN Bet app

The ESPN Bet app can be downloaded on all Android's through Google Play Store or the App Store for iOS devices.

Fans can also access it via the web at ESPNBet.com and must be at least 21 years old and in select states to place a wager.

ESPN Bet Users will also need to create an account to access and place a wager through the ESPN Bet sportsbook.

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