FanDuel Inc. purchased naming rights to the belt line of Floyd Mayweather’s trunks for his May 2 boxing match against Manny Pacquiao, the latest major sponsorship for the largest daily fantasy sports website.
FanDuel didn’t disclose financial terms of the agreement, which comes after the New York-based company reached exclusive partnerships with 15 of the 32 National Football League teams. The National Basketball Association has an equity stake in FanDuel, which pays out more than $10 million in weekly prizes.
FanDuel, as part of its partnership with Mayweather, will award six tickets to the welterweight fight at the MGM Grand in Las Vegas that each have a face value of $10,000.
The tickets to the bout will be presented to winners of FanDuel’s Major League Baseball contests on Friday and Monday, and an NBA playoff challenge on Sunday. Entry for the contests is $2 and winners receive $10,000, free hotel and airfare and a meet-and-greet with Mayweather in addition to the tickets.
The fight is projected to shatter previous boxing revenue records, with promoters saying it will produce at least $300 million. The split is 60-40 in favor of Mayweather, who enters the bout with a 47-0 record and 26 knockouts.
Mayweather, 38, has won world championship belts in five weight classes. The 36-year-old Pacquiao is 57-5-2 with 38 knockouts and world titles in eight different weight classes.