Bet, Cubs, Bet

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    • The Chicago Cubs and DraftKings could open one of the first sportsbooks in a sports venue.

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A day after bringing Michael Jordan on as a special advisor to the board of directors and equity holder, DraftKings kept its Chicago-related deals coming, announcing a partnership with the Chicago Cubs. Along with becoming the Cubs’ exclusive sports betting partner, DraftKings is planning a flagship retail sports book at Wrigley Field.

The sportsbook will need approval from the city of Chicago and Illinois Gaming Board. It is unclear how the revenue from the sportsbook will be split between the team and DraftKings. Since MLB owners aren’t permitted to have equity stakes in gambling companies, much of the return for the Cubs would likely come through rental income.

A retail sportsbook at Wrigley Field would be among the first in a U.S. sports venue. Last month, William Hill officially opened a sportsbook at Capital One Arena, home of the Washington Capitals, Mystics and Wizards.

More Betting News: 

— Detroit Lions signed a deal with BetMGM.

— PointsBet signed a marketing deal with former Chicago Bears return specialist Devin Hester as it looks to launch in Illinois.

— theScore received conditional approval to graduate to the Toronto Stock Exchange from the TSX Venture Exchange.