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SailGP launches sports betting with DraftKings and Bet365

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SailGP is working with gaming companies DraftKings and Bet365 to let fans place bets on races.

The move is part of a broader strategy to attract new fans, drive deeper engagement and grow the league's popularity.

The New York Grand Prix is nearly half way through the fifth SailGP Championship season.

The league is already generating revenue through ticket sales, sponsorship and media rights.

The Red Bull Italy SailGP Team has been acquired by a consortium of investors.

Teams are now being acquired for in excess of $50 million , the league says.

With the Italy sale, 10 of 12 teams are now independently owned.

Future teams will be independently owned and financed.