Penn Entertainment (NASDAQ: PENN) is on the cusp of a potentially transformative venture: the launch of ESPN Bet this fall. With the gambling company's stock experiencing a slump, investors are eyeing the upcoming debut of this sportsbook as a way to potentially propel Penn's earnings forward. With that in mind, is now the opportune moment to invest in Penn?

Penn Entertainment thrives on a diverse revenue model, deeply rooted in its extensive array of gaming operations, including everything from casinos to racetracks. Slot machines, table games, and sports betting provide revenue for the company.

Beyond the physical establishments, Penn continues making significant strides in the digital realm, offering iCasino games and sports wagering apps, catering to the growing demand for online gambling options.

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Source Fool.com