Disney-owned ESPN has licensed its brand for use in a sports betting app, striking a deal in which it will receive $1.5 billion and other considerations from Penn Entertainment.

In return, Penn will rebrand its existing sports betting app as ESPN Bet, which ESPN has agreed to promote across its online and broadcast platforms in order to generate “maximum fan awareness” of the app.

Penn also announced that it sold Barstool Sports, an irreverent sports media site, back to its founder Dave Portnoy. Penn took a 36% stake of Barstool Sports in February 2020 for about $163 million and subsequently acquired the remainder of the company for about $388 million in February 2023. Neither Penn nor Portnoy disclosed terms of the divestment deal.

In a video posted on X, the site formerly known as Twitter, Portnoy radiated excitement over the site’s regained independence.

The regulated gambling industry, he said, “was probably not the best place for Barstool Sports and the kind of content we make.” Portnoy added that he will “never” sell the company.

A single ticket sold in Florida is good for a $1.58 billion Mega Millions jackpot, ending weeks of anticipation over who would win the eye-popping top prize.

A Publix grocery store in Neptune Beach sold the winning ticket, according to the Florida Lottery. The winning numbers drawn Tuesday night were 13, 19, 20, 32, 33 and the yellow ball 14.

James F. Davis, secretary of the Florida Lottery, said Wednesday that officials don’t yet know who bought the winning ticket.

The winner has 180 days to present the ticket to lottery officials in Tallahassee to receive the winnings.