Chicago Cubs DraftKings Deal to add a Sportsbook at Wrigley Field

Spread the Word:

The Chicago Cubs have announced a massive deal with DraftKings, indicating a plan on adding a sportsbook at Wrigley Field. The move could trigger a chain reaction in Major League Baseball.

Until now, DraftKings had been serving as a daily partner with the Cubs; from now on, it will become the official sports betting partner for one of the leading American baseball team.

Another significant aspect that the deal has highlighted is the upsurge of the Illinois sports betting market.

What is in the Deal?

The Chicago Cubs is the first MLB team to reveal that it will have a sportsbook inside the stadium grounds. According to reports, the multi-year deal is worth $100 million and could persist for another decade.

While commenting on the historic partnership with DraftKings, Cub’s president of business operation Crane Kenney said:

“DraftKings has been an outstanding partner for many years, and we are excited to expand further this association as sports betting grows rapidly in Illinois. An ever-increasing number of sports enthusiasts want to integrate sports betting into their game experience, and we’re thrilled to be one of the first to engage in developing a retail sportsbook at a professional sports venue.”

Initial reports suggest that there will be a sportsbook at the field for bettors to place wagers. In addition, there is also online access to the facility, which will be made available in the “surrounding Wrigleyville area,” making it a convenient option for all.

However, one thing that has not been revealed is whether or not the betting windows will be placed on the field. Also, it has not been made clear where they will place the sportsbook at the stadium.

This exciting news coincides with other such sensational deals taking place between sportsbooks and professional sports teams across the US. This trend has been witnessing a rise lately, with many sports clubs looking for the ideal sportsbook to partner with.

It will take time though

Undoubtedly the news of the alliance was exciting for many baseball fans and sports bettors. However, there are still some glitches to overcome before the proposed plans can be materialized.

In fact, various regulatory steps will be required before opening a retail sportsbook at the stadium. All of this will certainly take time, which is probably why the Cubs and DraftKings have been tight-lipped regarding a specific timeframe for their venture.

Sports betting was legalized in the state of Illinois earlier this year. However, Chicago city would require to obtain a grant approval in order to have a retail sportsbook at the stadium.

On the part of the Cubs, it will also have to acquire development approval for establishing the sportsbook the stadium. Without an appropriate plan regarding its location at the stadium, some experts believe that the DraftKings would end up outside of the ballpark.

In addition to all the requirements Cubs needs to ensure getting underway, DraftKings will also have to apply for a master sports wagering license. Illinois Gaming Board is authorized to grant such permissions.

With various steps still need to be taken, the deal is still like a raw fruit that needs time to ripe. 

Related News

orange flat with letter T printed
May 16, 2021

WynnBET: Tennessee Market’s Seventh Sportsbook Launches

WynnBET launched its mobile sportsbook in Tennessee on Friday, marking the seventh online sportsbook to arrive in the state. It comes after the Las Vegas-based Wynn Resorts’ digital sportsbook got […]

read more
Golden Nugget Casino
August 12, 2021

DraftKings to Buy Golden Nugget Online Gaming in $1.56B Deal

DraftKings is acquiring the leading online casino Golden Nugget Online Gaming (GNOG) for $1.56 billion, according to a news release provided by DraftKings Monday. The Boston-based company said it will […]

read more
New York sports betting
October 15, 2020

New York Giants & DraftKings Forge Sports Betting Deal

New York Giants and DraftKings have announced they are embarking on an exclusive sports betting partnership deal. The joint-venture will benefit not only these two entities but also the fans […]

read more
August 16, 2020

DraftKings Launches Its Illinois Sportsbook

DraftKings has launched its sportsbook operations in the state of Illinois, becoming the second online app in the state, after BetRivers. The sportsbook launch includes both retail and online via […]

read more
William Hill signage in Capital One Arena
June 1, 2021

William Hill Opens First-Ever Sportsbook in a US Arena

William Hill officially opened Wednesday its permanent sportsbook inside the Capital One Arena in Washington, creating history in US sports betting. Caesars-owned sportsbook at Monumental Sports & Entertainment’s Capital One […]

read more
Richmond, Virginia
June 18, 2021

Virginia Lottery Flooded With Sportsbook Applications Against Limited Licenses

As many as 18 applicants have applied for the Virginia sports betting license against five available in the state, according to a lottery official. The applications are currently being reviewed […]

read more
Nashiville Predators
December 16, 2020

DraftKings Inks Deal to Become Sports Betting Partner for Nashville Predators

DraftKings has inked a multi-year sports betting partnership with the Nashville Predators ahead of its mobile app launch in Tennessee. Under the deal that was announced last Thursday, the Boston-based […]

read more
October 5, 2020

Illegal Offshore Sportsbook 5Dimes Settles for $46M Confession Deal to Get Regulated in US

5Dimes, an offershore betting site that has illegally accepted US bettors for years, has reached a $46.8 million settlement deal with the United States to investigate illegal US sports betting […]

read more
October 21, 2020

DraftKings-Philadelphia Eagles Deal: Another NFL Team Joins The Club

DraftKings sportsbook has recently announced a sports betting partnership deal with another NFL team, the Philadelphia Eagles. According to this new deal, DraftKings will serve as the official betting and […]

read more
Chicago
June 27, 2021

Chicago Bears Inks Exclusive Deal With Rush Street Interactive

The Chicago Bears has reached its maiden sports betting and casino deal with Rush Street Interactive, a company that operates BetRivers.com. The multiyear exclusive agreement announced Tuesday will make BetRivers […]

read more
June 1, 2019

FOX Sports Joins Forces with Stars Group to Launch Sportsbook App

FOX Sports is preparing to make its first major sports betting play after signing a deal with PokerStars parent company The Stars Group. As part of a press release issued […]

read more
June 13, 2019

SugarHouse Sportsbook First Online Betting App to Launch in Pennsylvania

Pennsylvania gambling industry continued its evolution on May 31st when the launch of PlaySugarHouse.com ushered in a new era of online sports betting across the Keystone State. The online/mobile wing of […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.