To borrow a phrase from another form of wagering, teams and leagues are all in. Every major league has partnerships with sportsbooks and data companies. To pick one team among dozens, the Chicago Cubs’ deal with DraftKings exceeds $100 million a year. In Washington, D.C., a 20,000-square-foot sportsbook resides inside Capital One Arena. Ted Leonsis—owner of the Wizards, Mystics and Capitals, and a known sports gambling evangelist—told The Washington Post he has only one regret: He wishes the facility were bigger. The athletes, not unreasonably, want a piece of the action, too. Collective bargaining agreements may soon hinge not on salary caps, but on how to split gaming revenues.
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