It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad). Here’s the weekend (or fashionably late) Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.
Deals, deals, everywhere
With the NFL season less than a week away, sports betting stakeholders have been busy dealmaking. This week alone, DraftKings, FanDuel and BetMGM announced new partnerships with sports teams, and in one case, a sports legend. DraftKings’ news that it was bringing NBA legend Michael Jordan on board as a special advisor caused the company’s stock to go up 14% on Wednesday.
The week started with FanDuel announcing a partnership with the PGA Tour, joining DraftKings and PointsBet as Tour partners. On Wednesday, DraftKings announced the addition of His Airness and on Thursday, it shared news of a deal with the Chicago Cubs, the first Major League Baseball team the company has partnered with. DraftKings in August expanded its relationship with MLB, and part of Thursday’s announcement DraftKings and Cubbies ownership’s goal to open a retail sportsbook at Wrigley Field.
DraftKings hopes the book will be first of its kind at a baseball stadium, and potentially the second in a professional sports stadium: William Hill opened a physical location at Washington, D.C.’s Capital One Arena over the summer. DraftKings is already live online and at a retail location in Illinois after executing partnership with the Casino Queen to become DraftKings at Casino Queen in East St. Louis, but this deal would give it a major presence in in the heart of the state in Chicago.
“DraftKings has been a great partner for a number of years and we are excited to expand this relationship as sports betting grows rapidly in Illinois,” said Crane Kenney, Cubs president of business operations, in a statement. “An increasing number of sports fans want to integrate sports betting into their game experience, and we’re excited to be one of the first to engage in developing a retail sportsbook at a professional sports venue.”
BetMGM made the Detroit Lions their third NFL partner after teaming up with the Las Vegas Raiders in January and the Denver Broncos in July. BetMGM already has a sports lounge at the MGM Grand Detroit, and…