The deal might not be biblical in nature, but $100 million will build one hell of an ark to sail through the choppy financial waters brought on by the coronavirus pandemic. Though financial terms were not officially disclosed Thursday, Action Network is reporting that the Cubs will receive $10 million annually over 10 years from DraftKings as their exclusive sports betting and daily fantasy partner.
DraftKings is developing a flagship retail sportsbook, including betting windows and self-serve kiosks, to be located inside or immediately adjacent to Wrigley Field. This makes the Cubs the first MLB organization to plan such an endeavor.