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Photo: Bruce Bennett/Getty Images

After a lengthy wait, DraftKings has finally landed a sports betting partner after the company signed a multi-year deal with Caesars Entertainment.

Why it matters: The deal gives DraftKings Sportsbook access to betting markets in the 14 different states where Caesars is already operating, including Pennsylvania where mobile betting is expected to go online this fall.

  • DraftKings will promote Caesars while giving it a cut of revenues in the states they partner in. Caesars will also receive equity in DraftKings.

The backdrop: This move from DraftKings comes after the company announced it was searching for $200 million in funding on the back of its merger with FanDuel falling apart.

  • The company told investors at the time it expects daily fantasy sports to generate most company revenue for years to come.

The big picture: DraftKings' was a major player in New Jersey where the betting handle reached $1 billion in December and 80% of bets were placed via a mobile device. That imprint gets even bigger through the Caesars partnership.

Go deeper

Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Biden's emerging climate orbit

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

As of Tuesday morning, we know a lot more about President-elect Joe Biden climate personnel orbit, even as picks for agencies like EPA and DOE are outstanding, so here are a few early conclusions.

Why it matters: They're the highest-level names yet announced who will have a role in what Biden is promising will be a far-reaching climate and energy agenda.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.