Get ready for more Bad Beats with Scott Van Pelt, because the Worldwide Leader is entering the online sports betting world.

In August 2023, ESPN reached an agreement with PENN Entertainment, formerly Penn National Gaming, to create ESPN BET New Jersey. This new sportsbook is expected to debut in November 2023 as a rebranded version of Barstool Sportsbook. Barstool Sportsbook is PENN Entertainment’s current online sports betting platform and will soon be replaced nationwide by the company’s latest venture.

Be sure to look out for the ESPN BET New Jersey promo code for a fantastic new customer offer. Details on the ESPN BET New Jersey welcome offer remain unclear, but it is estimated to be worth up to $1,000 in bonus funds when the sportsbook launches in the United States later this Fall.

The ESPN BET New Jersey promo code is expected to offer new users a welcome bonus worth up to $1,000 in bonus funds. This is the current welcome offer at Barstool Sportsbook, so it isn’t out of the question to expect something similar at ESPN BET NJ.

With this offer, the site will match your first deposit after signup all the way up to $1,000. After receiving your deposit match, you can unlock these bonus funds at a 5% rate with every wager placed on sports. For example, if you place a $200 cash wager, it would unlock $10 of the deposit match bonus and convert it to cash.

Although this welcome bonus has yet to be confirmed, we have seen it offered by Penn Entertainment in the past and expect something along these lines once ESPN BET NJ makes its online debut. Stay tuned for more details on the ESPN BET NJ promo code and any official announcements.

PENN Entertainment shelled out $1.5 billion to use the ESPN branding for its new sportsbook over the course of their 10-year deal. The agreement also sent 31.8 million shares of PENN stock to ESPN and grants PENN access to ESPN properties and personalities, which would include live sports broadcasts, studio shows, and articles.

A quick rebranding transition will be possible thanks to PENN Entertainment already having sports betting licenses in the 17 states where Barstool Sportsbook currently operates. PENN Entertainment can apply one of these licenses to ESPN BET New Jersey, which will allow Garden State sports bettors to get in on the new platform as soon as possible.

An online sportsbook is only up to par if it offers markets on all of the popular sports leagues that everyone follows. Luckily, ESPN BET New Jersey is expected to have all of the most relevant sports and leagues on tap, so sports bettors shouldn’t have to worry about missing out.

Check out the list below of all the sports and leagues we expect to be available on the ESPN BET NJ app:

ESPN BET New Jersey bettors can anticipate all the standard bet types that are available on any popular online sportsbook. From player props to a simple moneyline bet, ESPN BET NJ will have you covered.

Here’s a closer look at some of the bet types players can expect:

A moneyline bet is simply a wager on which team wins the game. Favorites don’t offer as much value because they are expected to win, while underdogs offer better odds.

Inexperienced bettors tend to like moneyline wagers due to their simplicity. So, if you’re new to betting, you may gravitate toward moneylines once the new sportsbook rolls out.

Spread bets are wagers on a team’s margin of victory. If the Eagles are 6.5-point favorites over the Commanders, and Philadelphia wins by just three points, then the Commanders would cover the spread. While the Eagles may have won, they didn’t cover the spread because their win was closer than the sports betting market expected.

These bets are wagers on the final result of an event that gets determined in the future. Some examples of futures bets would be who will win the NFC North or the Stanley Cup. Another example of a future bet is just the win total for a team at the end of the NFL season.

A future can also be a wager on which player will win Offensive Player of the Year or the American League Cy Young Award. Futures bets can be made before a season or during the season, but odds change as the event develops.

A parlay bet involves multiple wagers mixed into one bet. For example, if you think the Texans, Seahawks, and Eagles will each cover the spread, you can combine those bets into a parlay. If there are more legs in a parlay, it will result in a higher payout if it wins. However, more legs make a parlay harder to win, thus increasing the odds.

A prop is a wager on a statistical outcome in a game that has no bearing on the event’s final score. An example of a prop bet would be how many rushing yards Christian McCaffrey finishes a game with or the number of strikeouts thrown by Spencer Strider in a game.

Most new online operators enter the sports betting scene with almost no brand recognition, meaning they have to build their way up from nothing. There’s nothing wrong with starting from scratch, but it will be interesting to monitor the development of ESPN BET NJ considering its history.

This new sportsbook literally has ESPN in the name, meaning almost everyone in the United States will have some familiarity with it — even those who don’t care about sports! ESPN BET NJ joins the online betting world with a built-in advantage compared to other online sports betting platforms.

New sportsbooks or overseas sportsbooks heading to America often have to put in a ton of effort just to get their name out there. Their advertising efforts aim to not only attract new players but also build trust in their platform, as bettors want to choose a reputable sportsbook that will do a good job of managing their money.

But ESPN has a head start in that department since it’s been around since the 1970s and has an enormous brand. Players may naturally gravitate toward this sportsbook because of its popularity and well-established reputation in the sports industry.

After all, why do you think PENN Entertainment wanted the ESPN branding so much? $1.5 billion was a big price for PENN Entertainment to pay, but it comes with the invaluable use of a superstar brand.

ESPN also falls under the Disney umbrella of companies, which means it could be promoted and advertised on all sorts of Disney platforms. It’s one thing to be advertised on a Monday Night Football telecast, but it could also be advertised on Disney+, Hulu, etc. to get its name out to a whole new audience of potential bettors beyond just sports fans.

ESPN BET New Jersey users can expect to find plenty of deposit and withdrawal methods on the app and website once the brand is live. ESPN BET NJ will likely use the same banking options offered at Barstool Sportsbook since both outlets are operated by PENN Entertainment. Here are a few examples:

With access to multiple payment methods, you can receive your winnings in a timely manner. Similarly, convenient deposit methods make it easy to load up your account and place your bets whenever you’re ready.

It is going to be fairly seamless for new bettors to join ESPN BET NJ because it is expected to have the same registration process as Barstool Sportsbook, or at least a very similar process. Online sports betting companies want to make the sign-up process as easy as possible to encourage new bettors to participate, so it should not be too complicated to get started with ESPN BET NJ.

The ESPN BET New Jersey sign-up process should look something like this:

Don’t expect ESPN BET New Jersey to take any shortcuts when it comes to responsible gambling. ESPN has all the resources in the world to make sure ESPN BET New Jersey conducts itself in the most responsible manner to comply with local sports betting regulations.

ESPN actually shared a recent press release that said the online sportsbook will use its platform to educate its users on responsible gambling. It also plans to promote responsible gambling marketing strategies within the online sports betting industry and form a responsible gambling committee.

It’s obvious that you’ll be able to use ESPN BET NJ in New Jersey. But what if you’re in New York?

Even though New Jersey and New York both have access to legal online sports betting, there are some key differences between the two neighboring states when it comes to this new sportsbook.

For one, ESPN BET NJ will not be able to initially operate in New York because PENN Entertainment was not able to secure a sports betting license in the state back when it first applied in 2021. So, when you’re using the new sportsbook, be sure to place your bets within the Garden State.

The company has stressed the importance of getting its product into New York, however, so stay tuned for any updates as Penn Entertainment continues to make its push into the Empire State.

Seeing as ESPN BET NJ will be a rebrand of the Barstool Sportsbook app, bettors can expect the new sportsbook to run on a similar mobile platform. The ESPN BET NJ mobile app will most certainly offer players a convenient and streamlined user experience.

Once live, the sports betting app will be available through Apple’s App Store as well as the Google Play Store. After it hits the market, you’ll be able to download it free of charge and enter your ESPN BET NJ promo code before getting started.

Take a look below at some common questions and answers about ESPN BET New Jersey:

We expect ESPN BET NJ to launch later on in Fall 2023, probably sometime close to Thanksgiving. PENN Entertainment CEO Jay Snowden recently said the goal is for the sportsbook to go live in November, which would mean it should be good to go for the NFL Playoffs and the end of college football season. Keep an eye out for the ESPN BET NJ promo code so you can get access to an exclusive new user offer.

The new user promotion for ESPN BET NJ is not yet known, but we anticipate its welcome bonus will be worth up to $1,000 since Barstool Sportsbook has offered similar bonuses in the past. Additionally, an official ESPN BET New Jersey promo code should be coming soon.

No, you cannot. Be sure to place any bets within the state lines of New Jersey when using ESPN BET NJ. Penn Entertainment was not able to secure a sports betting license in New York for Barstool Sportsbook, meaning the brand’s new online platform will not be available in the Empire State to start.

In short, no. Anyone can create an ESPN.com account, which means there would be complications when it comes to transferring that account into an online sportsbook that has age restrictions and is only going to be active in 17 states to start.

As a result, ESPN may add some safeguards to prevent non-eligible players from signing up for the online sportsbook. For instance, verification features could ensure that access is only granted to players of legal betting age.

But for now, the best way would just be to sign up directly on ESPN BET NJ. As we’ve mentioned, the sign-up process will be incredibly easy so you can start betting right away. Additionally, you’ll be able to claim the ESPN BET NJ promo code as soon as it is released.

Most likely no. The best option would be to withdraw your money from Barstool Sportsbook and move it to your new ESPN BET New Jersey account, just to be safe. Since Barstool Sports was sold back to founder Dave Portnoy as part of the deal, the brand’s online sportsbook will soon cease to exist. As a result, players will not be able to directly transfer funds from one platform to the other.