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DraftKings to Sponsor Minnesota Timberwolves

Internet fantasy sports operator DraftKings has announced that it has signed a sponsorship deal with NBA team the Minnesota Timberwolves.

As a result of the deal, DraftKings will be a title sponsor of the team's stats social media feature, WolvesCast podcasts, and have a presence in the Target Center arena, as well as access to the team's webpage for further exposure.

The deal is one of many for DraftKings in the United States, which also has similar arrangements with the Philadelphia 76ers, Boston Celtics, and Houston Rockets of the NBA; as well as deals with the New England Patriots and Denver Broncos of the NFL.

Commenting on the deal Timberwolves Executive Ryan Tanke said that fantasy sports competitions are growing and offer more opportunities to engage their fans.