Sports owners bet big on Republicans. What does their defeat mean for US sports?

A Democratic sweep has changed Washington’s balance of power. But from gambling legislation to stadium subsidies, both parties have helped build the system that enriches American sports’ billionaire owners Before a single vote was cast this election cycle, the technocrats and oligarchs who own American sports had already voted. Pro sports owners put more than $100m into this cycle, according to Front Office Sports. But Tuesday night was a referendum not just on Donald Trump and Maga policies, but on the puppeteers who pull America’s strings. The people voted, and the owners lost.