Detroit Tigers Announce Sportsbook Partnership; Mounting Pressure Facing Washington's Football Team to Change Name

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Detroit Tigers Announce a New Partnership with a Sportsbook 

The Detroit Tigers have become the first Major League Baseball team to announce a sponsorship with a sportsbook, The Tigers partnership with PointsBet will allow the sportsbook to have signage displayed at Comerica Park. PointsBet will also be featured on the Detroit Tigers media network, and will be integrated into the District Detroit app. 

PointsBet is an authorized gaming operator for Major League Baseball, which allows them to use MLB's official data as well as marks and logos in their sportsbook product. Financial terms of the deal were not disclosed 

Washington's Football Team Faces More Pressure to Change Name

Adweek is reporting that the Washington D.C. football team is facing new pressure to change the team's nickname. While the fight has been in ongoing for decades, Adweek states that experts believe there could be serious financial ramifications behind keeping their current name.

Additionally, investors are believed to be concerned about, "brands' actions that go against their stated commitments on diversity and inclusion," as well as, "history has shown there's a risk for companies that don't pay attention to social pressure.

Nike, FedEx, and PepsiCo have all received letters signed by 87 investment firms and shareholders asking the companies to sever ties with Washington unless they change their nickname. 

The investment firms and shareholders are worth a combined $620 Billion Dollars, Washington's Home Stadium in Landover, Maryland is named FedEx Field. 

Daily Coronavirus Update

There are 10.7 million cases of the virus worldwide, with over 517,000 deaths.

The U.S. has nearly 2.7 million cases and 128,000 deaths.

U.S. daily coronavirus cases rose by 51,374 on Wednesday, the first time daily cases crossed 50,000.

Cases in Florida increased by 10,109 on Thursday, bringing the state’s total to 169,106.

Nonfarm payrolls in June soared over 4.8 million, and the unemployment rate fell to 11.1% per the Labor Department.

Economists had surveyed had been expecting an increase of 2.9 million.

Now, this sounds positive--and don’t get me wrong, this data is positive--but there’s more to this story.

Only around 34% of the jobs lost in the pandemic are back. 22.2 million jobs were lost in March and April and 7.5 million returned in May and June.

And the jobless claims came in at 1.42 million Americans filing, versus estimates of 1.38 million.