• Loading stock data...
Friday, January 23, 2026

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

Nov 4, 2023; Santa Anita, CA, USA; Auguste Rodin (5), with jockey Ryan Moore up, wins the BREEDERS CUP TURF during the 2023 Breeders Cup World Championships at Santa Anita Park.

Santa Anita Track and California in Legal War Over Betting Machines

The California DOJ seized gambling machines from Santa Anita.

Polymarket Drawn Into Nevada’s Prediction-Market Showdown

Nevada’s gaming regulator is the first to take aim at Polymarket with a lawsuit.
Bryson
exclusive

NFL, PGA Tour Won’t Let Players Endorse Prediction Markets

The leagues aren’t swayed by Kalshi’s deal with Bryson DeChambeau.
Nov 18, 2023; Las Vegas, Nevada, USA; American DJ Steve Aoki during the Formula 1 Heineken Silver Las Vegas Grand Prix at the Las Vegas Strip Circuit.

DraftKings Cofounder, DJ Steve Aoki Accused of Duping NFT Buyers

The proposed class action expects “tens of millions of dollars” in damages.

Featured Today

Sports Goes All In on Non-Alcoholic Drinks Boom

Athletes, teams, and leagues are pouring money into the NA beverage category.
Tulsa Portal House
January 16, 2026

Inside the Tulsa Portal House: ‘This Will Translate to Wins’

The Golden Hurricane set up an over-the-top battle station for football recruiting.
Black Rabbit
January 10, 2026

The Netflix Star Who Makes Sure NBA Players Have Clean Towels

How a Nets staffer landed a breakout role on “Black Rabbit.”
January 9, 2026

NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly

With no dress code, impeccably dressed players are seeing big-money deals.
Contestants compete in the annual Nathan's hot dog eating contest at Tootsie's 57th Anniversary Birthday Bash on Lower Broadway in Nashville on Oct. 10, 2017.

Nathan’s Hot Dog Contest Will Continue Under New Chinese Ownership

Nathan’s expects to keep the contest at Coney Island.
Sep 27, 2025; Philadelphia, Pennsylvania, USA; Minnesota Twins pitcher Kody Funderburk (55) and catch
December 17, 2025

Twins’ New Investments Value Club at $1.75 Billion

The Twins have also announced a succession plan.
Batbox
January 12, 2026

Bowling’s Blueprint Is Powering the New Social Gaming Boom

New venues are fusing sports, entertainment, and good food.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
November 27, 2025

Patrick Mahomes Deepens His Adidas Ties, Debuts Golf Gear Line

Mahomes extends Adidas deal and launches his own branded golf apparel line.
TopGolf representatives celebrate their ribbon-cutting ceremony with Bay County residents in Panama City Beach, Fla., June 26, 2025. (
November 18, 2025

Callaway Offloads Topgolf in $1.1 Billion Sale to PE Firm

The deal unwinds Topgolf’s 2020 merger with Callaway.
Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025
September 29, 2025

Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal

Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.