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PENN

DIS

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Disney's ESPN is swapping out its sports betting partner.

In separate releases Thursday, the company said it was terminating its agreement with Penn Entertainment years earlier than planned and had signed an agreement with DraftKings to make it the exclusive official sportsbook and odds provider for ESPN.

Both changes take effect in December.

"Our betting approach has focused on offering an integrated experience within our products," ESPN Chariman Jimmy Pitaro said in a statement. "Working with DraftKings, a leader in the space, will allow us to build upon that foundation, continue to super-serve passionate sports fans and grow our ESPN direct-to-consumer business."

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