Hand drawn would be my guess.
The o's are different.

I agree with Karl's guess, but if you are looking for something similar Juke Box fonts "Boxer Script" might work. The fonts are sold at Veer.com

Thanks Mike. Here's a direct link to Boxer Script, but you might want to look at Fenway Park as well. It doesn't have as harsh of a baseline join as Boxer Script does.

You're right Grant. I looked at both, but got too preoccupied with letterforms to notice the joins in my small samples in the Script Guide.