Sports betting

Kansas City Chiefs hold narrow lead in Super Bowl betting odds

The Chiefs' Patrick Mahomes celebrates a touchdown pass
The Chiefs' Patrick Mahomes celebrates a touchdown pass during yesterday's 35-24 victory over the Tennessee Titans in the AFC Championship. Photo: Charlie Neibergall/AP

Early Super Bowl LIV odds have the Kansas City Chiefs as 1.5-point favorites over the San Francisco 49ers.

The state of play : Quarterbacks Patrick Mahomes (KC) vs. Jimmy Garoppolo (SF) — opened last night as a pick 'em at many Las Vegas sports books, AP reports.

DraftKings going public via reverse merger

Illustration: Lazaro Gamio/Axios

DraftKings on Monday announced that it will go public via a reverse merger with a blank-check acquisition company called Diamond Eagle, with a sports betting tech platform called SBTech also being rolled in.

Why it matters: Sports betting is now legal in 11 states, with dozens of others considering legislation.