ESPN, PENN Entertainment end sports betting partnership early in shock announcement

PENN Entertainment and ESPN mutually agreed to terminate their U.S. sports betting contract on Thursday.PENN and ESPN announced the decision in a joint statement. The early termination of their agreement will be effective on Dec. 1.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM"When we first announced our partnership with ESPN, both sides made it clear that we expected to compete for a podium position in the space," PENN Entertainment President and CEO Jay Snowden said in a statement. "Although we made significant progress in improving our product offering and building a cohesive ecosy