• Loading stock data...
Wednesday, February 12, 2025

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.

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.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jon Batiste

Sportsbooks Split on Hotly Disputed Super Bowl National Anthem Prop Bet

FanDuel and DraftKings split on the national anthem duration.
Andy Reid

Sportsbooks Call for Tighter Regulations on Prediction Markets

Sports betting and sports event contracts are treated differently—for now.
exclusive

5 Big Sound Bites From Radio Row at Super Bowl LIX

Straight shooting from Greg Olsen, Chiefs and 49ers team execs, and others.
Josh Allen

Polymarket Whale Made Huge Late Bets On Josh Allen Winning NFL MVP

Allen’s odds skyrocketed from the 50s to over 90% on Thursday afternoon.

Featured Today

Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena

‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote

“The stars have been lobbying the league for an event like this.”
Brady and Mahomes
February 8, 2025

Chiefs Fatigue Is Real. It’s Nowhere Near Patriots Hate Yet

People who have covered both teams say the difference is stark.
Nov 24, 2024; Inglewood, California, USA; Philadelphia Eagles quarterback Jalen Hurts (1) celebrates with running back Saquon Barkley (26) after the Eagles defeat the Los Angeles Rams during the first half at SoFi Stadium.
February 7, 2025

How the Eagles Reinvented Championship Roster Construction

Philadelphia is one of the most innovative franchises in the NFL.
February 3, 2025

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
exclusive

Talor Gooch Using LIV Golf Fortune to Start Building Sports Empire

The golfer has made more than $43 million individually from LIV.
November 13, 2024

Why Liberty Media Spun Off Assets, Shook Up Leadership

Longtime CEO Greg Maffei is stepping down at the end of the year.
December 4, 2024

U.S. Firm Makes $310M Bet on Soccer by Forming Superagency

The U.S.-based investment company makes a significant play in international soccer.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Oct 27, 2024; Seattle, Washington, USA; Buffalo Bills quarterback Josh Allen (17) passes against the Seattle Seahawks during the second quarter at Lumen Field.
October 30, 2024

Buffalo Bills in Talks to Sell Stake to PE Firm Arctos: Report

Arctos already has a slice of Paris Saint-Germain and the PGA Tour, among other assets.
Jul 7, 2021; Tampa, Florida, USA; Tampa Bay Lightning owner Jeff Vinik hoists the Stanley Cup after the Lightning defeated the Montreal Canadiens 1-0 in game five to win the 2021 Stanley Cup Final at Amalie Arena.
October 25, 2024

Lightning Sell at $1.8B Valuation, Nearly Double Prior NHL Record

The Lightning unveiled a multistep and multiyear sale process.
May 24, 2024; Minneapolis, Minnesota, USA; Dallas Mavericks owner Mark Cuban celebrates after defeating the Minnesota Timberwolves in game two of the western conference finals for the 2024 NBA playoffs at Target Center.
October 9, 2024

Why Mark Cuban Sold the Dallas Mavericks When He Did

Cuban sold his majority stake to the Adelson family in December 2023.
Young fans look over Michigan State sports equipment on display during the Spring Showcase on Saturday, April 20, 2024, at Spartan Stadium in East Lansing.
October 2, 2024

Private Equity Firms Buy Rival Hockey Brands CCM and Bauer

Both brands have been around for decades and changed ownership in the same week.