Monday, October 12, 2026
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

DraftKings Latest To Join Forces With Michael Jordan’s 23XI Racing

  • Wallace and his team have attracted some of the biggest-name sponsors in NASCAR.
  • The DraftKings logo will be on his No. 23 Toyota Camry at this weekend’s race.

Want more from Front Office Sports
in your search results?

Add Front Office Sports on Google

Bubba Wallace sat a few feet from Michael Jordan before the season-opening Daytona 500 when his new team’s co-owner uttered words reminiscent of his “The Last Dance” monologues.

“We don’t sign checks to losers,” Jordan said in the Fox Sports interview.

While Wallace is still in search of his first career Cup win — 13 races into the 36-race NASCAR Cup Series schedule, Wallace’s best finish with 23XI Racing is 11th at Dover on Sunday, and he’s currently 21st in the standings.

Wallace and his team have attracted some of the biggest-name sponsors in the sport, like McDonald’s and DoorDash, to offset the estimated $20 million it takes to run a one-car program. That’s not counting the price of the team’s new headquarters in North Carolina, estimated to run as much as $16 million.

On Thursday, 23XI Racing — which is also co-owned by three-time Daytona 500 champ Denny Hamlin — landed another sponsor.

The DraftKings logo will be on Wallace’s firesuit and on his No. 23 Toyota Camry at this weekend’s race at Texas’ Circuit of the Americas road course as the company becomes 23XI Racing’s daily fantasy, sports betting, iGaming, Free to Play partner.

DraftKings will also be the primary sponsor of the car at Pocono Raceway in June.

“Funding was always an issue surrounding me,” Wallace told Front Office Sports. “For whatever reason, it seems like that’s not an issue [anymore]. Life is good on that forefront. I’ve been humbled by every partner who has come through, such as DraftKings stepping up in a huge way.”

The affiliation with DraftKings seems apropos for a team co-owned by Jordan, whose love for betting was detailed some in “The Last Dance.”

“I don’t have a gambling problem, I have a competitiveness problem,” Jordan said in the documentary.

Wallace doesn’t have the same love of betting, at least not yet.

“I have (bet on sports) with some family members years ago,”  Wallace said. “With this partnership, obviously, my interest has increased. Who doesn’t like winning money, especially on your favorite sports teams? I just have to learn more about it and to make sure I’m making the right bets.”

As for winning, Wallace keeps things in perspective, even as the outside world heaps lofty expectations upon him.

“The pressure comes from within these two ears,” he continued. “I can manage that and get through the [race] weekends. But for us, we all know what it takes to be successful in this sport — and it takes a lot from every key individual here.”

Download the FOS App

The business of sports, in your pocket.

QR code to download the app

Scan the QR code to get the app now.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 27, 2026; Rio De Janeiro, BRA; (Editors Notes: Caption Correction) A view of the NFL logo and the Baltimore Ravens and Dallas Cowboys during the game at Maracana Stadium.

NFL Urges Supreme Court to Hear Prediction-Markets Case

“It is critical for the Court to act as soon as possible,” a league source says.
Cincinnati Bengal T.J. Houshmandzadeh places a $20 bet on the Cincinnati Bengals winning the Super Bowl during the FanDuel Sportsbook at Belterra Park Cincinnati Grand Opening at Belterra Park in Cincinnati.

Senator Says Sportsbooks VIP Betting Inquiry Will Expand

Sen. Richard Blumenthal tells FOS he’ll look at prediction markets, too.
Sep 17, 2026; New York City, New York, USA; Philadelphia Phillies shortstop Trea Turner (7) dives safely into third base after advancing on an errant New York Mets pickoff throw to first base during the seventh inning at Citi Field. novig
Exclusive

Novig to Quadruple Valuation With New Funding Round

The company is fundraising at a $2 billion valuation.
U.S. President Donald Trump speaks with Commodity Futures Trading Commission (CFTC) Chairman Michael Selig in the Roosevelt Room at the White House in Washington D.C., U.S., August 19, 2026.
Exclusive

Trump Admin Preparing Crackdown on Prediction-Market Promos

The CFTC is looking at incentives like “risk-free” bets.
podcast thumbnail mobile
Front Office Sports Today

10/9/26 – MLB’s 154-Game Pitch, NFL Bets on SCOTUS, Shaq Says Barkley Isn’t Leaving

0:00

Featured Today

Oct 5, 2026; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins general manager Kyle Dubas arrives at the arena before the Penguins host the Winnipeg Jets at PPG Paints Arena

NHL’s New Wave of GMs Is Built Different

“I am in the prediction business,” Devils GM Sunny Mehta tells FOS.
Action Images/Peter Cziborra
October 9, 2026

Is Leicester City’s $264 Million Price Tag Too Rich for Hungry Investors?

After falling from grace, how much is a former top club worth?
Oct 3, 2026; Starkville, Mississippi, USA; Alabama Crimson Tide head coach Kalen DeBoer waits to run onto the field prior to the game against the Mississippi State Bulldogs at Davis Wade Stadium at Scott Field. Mandatory Credit: Petre Thomas-Imagn Images
October 7, 2026

Who Is Alabama Football in Year 3 Under Kalen DeBoer?

The No. 6 Crimson Tide host No. 2 Georgia on Saturday.
Cubs behind the scenes
October 6, 2026

Hollywood and TikTok: Sports Media’s New ‘Blueprint’

Teams and leagues are pouring money into the quest for fans.
October 2, 2026

How the Baseball Cap Became a ‘Behemoth’

The hat has become essential for athletes, fans, and the sports-agnostic.
UFL co-owner Mike Repole speaks to the crowd as the UFL franchise Louisville Kings are introduced at Lynn Family Stadium. Wednesday, October 8, 2025

Mike Repole Invests in Kentucky Derby Owner Amid Push for Change

The billionaire has amassed a 1.5% stake in Churchill Downs.
A drone view shows the Paramount water tower at Paramount studios in Hollywood and the Hollywood sign, in Los Angeles, California, U.S., August 24, 2026.
October 6, 2026

Newly Formed Skydance Is a Force in Sports Media

The large-scale deal creates a sports media colossus.
October 8, 2026

Filing Details Jeanie Buss’s Side Deal to Remain Lakers Governor

Jeanie Buss was granted five years as team governor.
Sponsored

Beyond the Scorecard: How Dow Is Putting Purpose at the Center of Women’s Golf

Discover how Dow and the LPGA are building a partnership with lasting impact.
Formula One F1 - Miami Grand Prix - Miami International Autodrome, Miami, Florida, United States - May 3, 2026 Mercedes' Kimi Antonelli in action during the race
Exclusive
September 24, 2026

Dolphins Owner Nearing Deal to Sell 20% Stake in Miami F1 Race

Stephen Ross has owned the Miami Grand Prix since 2021.
Drew Weatherford
September 23, 2026

Former FSU QB Drew Weatherford Says PE Can Fix Youth Sports

Weatherford tells FOS what’s ailing the youth sports industrial complex.
Exclusive
September 16, 2026

LeBron James Polymarket Deal Worth $15 Million a Year

James is not an investor in Polymarket, just an endorser.
Ndamukong Suh
September 16, 2026

Ndamukong Suh: ‘I Don’t Necessarily Agree’ With PE in Youth Sports

“They’re always gonna be looking for those returns.”