India, Nov. 7 -- Betting platform ESPN Bet, the collaborative offering between the Disney-owned sports broadcaster ESPN and Penn Entertainment, is set to be rebranded as The ScoreBet after the tie-up between the two fell through.

On Thursday, Penn Entertainment announced that they are ending the 10-year, $1.5 billion deal with ESPN, which was followed by ESPN announcing a new deal with sports betting company DraftKings Sportsbook. The deal would mean a complete end of ESPN and Penn Entertainment's ESPN Bet.

It means those who have an account and deposit on ESPN Bet will have to withdraw and close their accounts by December 1. When The ScoreBet is launched, they will have to sign up and activate their account all over again.

"Our bettin...