Latest News

Report: MLB, NBA attempting to sell their investments in DraftKings, FanDuel

Follow The Capital Sports Report on

Follow us: @CapSportsReport on Twitter | The Capital Sports Report on Facebook

By Anthony Caruso III | Publisher

According to, MLB and NBA are looking to sell their equity in DraftKings and FanDuel. There are questions about the future of daily fantasy.

While they plan to sell off their equity in the companies, ESPN’s Darren Rovell says the two sporting leagues will remain partners. The story says that MLB has been an investor in DraftKings since 2013.

DraftKings and FanDuel

DraftKings and FanDuel

They also signed a multi-year sponsorship agreement with DraftKings in 2015. They are also known as the “Official Daily Fantasy Game” of the MLB.

The NBA has had an ownership stake in FanDuel since 2014.

“This space is evolving and we saw the need to take a fresh look at the structure of our relationship,” NBA spokesman Mike Bass said. “FanDuel has been, and will remain, a great partner. We have simply modified some of the components of our partnership.”

MLB also sent a statement about daily fantasy to ESPN.

“While we have initiated discussions regarding potential changes to the structure of our relationship, we look forward to continuing our valued partnership with DraftKings,” MLB said in a statement. “MLB and DraftKings will continue to collaborate on innovative approaches to enhance the fan experience.”

Per, there are stricter regulations regarding daily fantasy in a lot of the U.S. states. There are several states, where legislation has failed or is still pending, according to the post.

While the NBA and the MLB want to pull their investments in daily fantasy, we have seen daily fantasy ads yanked before, as ESPN removed all of its DraftKings and FanDuel ads in 2016.


Any Corrections?. You can contact Anthony Caruso III, Publisher at


Follow us: @CapSportsReport on Twitter | The Capital Sports Report on Facebook


©2007-2019 The Capital Sports Report. Please honor copyright! Piracy hurts writers, devalues their works, and puts you and your employer at risk of lawsuits. All original materials contained on this website are protected by the United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcasted without the prior written permission.

About Anthony Caruso III (9545 Articles)
Anthony Caruso III is the Publisher of The Capital Sports Report.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.