Sunday, July 5, 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.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

FILE PHOTO: Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020.

Novig Founder Isn’t Worried About Kalshi, Polymarket’s Head Start

The Novig CEO says prediction markets are a better product than traditional sportsbooks.

Amazon’s NASCAR Viewership Sees Slight Uptick in Second Season

Races on Prime Video averaged 2.29 million viewers this year.

Is Anyone Using FIFA’s Official Prediction Market?

The World Cup’s prediction-market partner is not available in the U.S.
Kentucky Attorney General Russell Coleman sits for an interview at his office in Frankfort, Ky., on Dec. 18, 2025.

CFTC Sues Kentucky After State Takes Aim at Kalshi, Polymarket

Kentucky is the ninth state the CFTC has sued since April.
podcast thumbnail mobile
Front Office Sports Today

7/3/26 – USMNT Round of 16 Ticket Frenzy, NBA Tests New Free Throw Rule, Ovechkin Returns, Country Roads Takes Over

0:00

Featured Today

ATLANTA, GA - September 05: Georgia Lottery fireworks after the game against the Seattle Mariners at Truist Park on Friday, September 5, 2025 in Atlanta, Georgia.

Inside the Spectacle and Science of MLB Fireworks

Postgame fireworks are lighting up baseball for America250.
Kansas City Chiefs
July 1, 2026

NFL Teams Push to Turn Futbol Fans Into Football Devotees

NFL teams are courting international soccer fans during their World Cup visits.
June 26, 2026

What We Saw Traveling the U.S. for the World Cup Group Stage

The knockout stage begins Sunday.
June 26, 2026

In an Era of $1,000 Tickets, $10 Watch Parties Bring Fans Together

Stadium watch parties now rival home-game experiences.
June 25, 2026

Italian Americans Have Severe World Cup FOMO

Bars and restaurants in Boston, Philly, and beyond are missing the Azzurri.

Tottenham Boardroom Rivalry Ends With Former Chairman’s Exit

Spurs say they “don’t know anything about” the deal.
Casey Wasserman, Chairperson and President of LA28, during the media conference celebrating the 1000-day countdown to LA28 at Devon Park in Oklahoma City, Monday, Oct. 20, 2025.
May 8, 2026

Wasserman Buyers Narrow as PE Conflicts Sideline Major Firms

Private-equity firm TA Associates has removed itself from the running.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
April 23, 2026

Want to Own a 100-Year-Old Austrian Soccer Team for $500?

Vestible’s first team is Kapfenberger SV 1919.
April 16, 2026

How Taylor Swift’s Catalog Led Her Former Label Boss Into Sports

Scott Borchetta profited greatly from the sale of Swift’s masters.
John and Louis Antonelli
Exclusive
April 13, 2026

Chernin Group Leads Funding Round in Social Box Score App ‘Real’

The app combines live stats and play-by-play with a social media experience.
Jack Nicklaus speaks to media prior to the start of the Memorial Tournament at Muirfield Village Golf Club in Dublin, Ohio on May 27, 2025.
March 27, 2026

Jack Nicklaus Re-Acquires Nicklaus Companies After Lawsuit

Nicklaus takes back ownership of marks like the iconic Golden Bear.