Caesars Launches Pari-Mutuel Betting Ahead of the 151st Kentucky Derby

Caesars Entertainment, Inc. has made a strategic move by successfully integrating pari-mutuel horse race wagering into the Caesars Sportsbook app in two U.S. states, just in time for the prestigious 151st Kentucky Derby.

Expansion of Pari-Mutuel Betting: Colorado and Kentucky

Horse racing enthusiasts in Colorado and Kentucky can now easily navigate between the Caesars Sportsbook app and the Caesars Racebook wagering interface, which is powered by NYRA Bets. This integration represents a significant enhancement in the digital betting landscape.

“The incorporation of pari-mutuel horse racing into the Caesars Sportsbook app marks a milestone for our digital operations and the horse racing industry,” stated Dan Shapiro, Senior Vice President and Chief Development Officer at Caesars Digital. “Our users will have the opportunity to bet on prominent horse racing events as well as daily races from international tracks. This seamless integration expands our audience base and underscores Caesars’ dedication to the sport of horse racing. We are committed to collaborating closely with the New York Racing Association and NYRA Bets to explore further expansion into additional states as we acquire regulatory approvals.”

Connecting Wagering with Caesars Rewards

The Caesars Sportsbook and pari-mutuel horse racing offerings are intrinsically linked to Caesars Rewards, the premier loyalty program in the gaming sector. Participants earn both Reward Credits and Tier Credits for each wager placed on horse racing, enhancing the overall experience for bettors.

Users can also access comprehensive horse racing statistics and handicapping data directly within the app. Available to individuals aged 21 and older in jurisdictions permitting sports betting across North America, the Caesars Sportsbook app is compatible with iOS, Android, and desktop platforms.

“Horse racing serves a vital role in the betting ecosystem, and we commend Caesars for its enduring commitment to enhancing the sport and increasing fan engagement,” remarked Tony Allevato, President of NYRA Bets. “The launch of shared wallet functionality allows Caesars Sportsbook to deliver premier racing content to its vast customer base through a user-friendly wagering platform. We celebrate Caesars’ successful expansion efforts.”

Comprehensive Access Through Caesars Racebook App

Caesars offers livestreaming of races from over 300 racetracks globally, as well as from partner racetracks, including Del Mar, Monmouth Park, Keeneland, and Red Mile. Additional streaming includes renowned locations such as Aqueduct, Saratoga Race Course, Gulfstream Park, and Santa Anita, alongside Caesars-operated venues like Harrah’s Hoosier Park, Horseshoe Indianapolis, Harrah’s Philadelphia, and Eldorado Gaming Scioto Downs.

A steadfast supporter of the horse racing community, Caesars serves as the presenting sponsor of the National Horseplayers Championship, held annually at Horseshoe Las Vegas. The company also manages horse racing tracks at locations including Harrah’s Columbus, Harrah’s Hoosier Park, Horseshoe Indianapolis, Harrah’s Philadelphia, and Eldorado Gaming Scioto Downs.

The Caesars Racebook standalone app is available for download on iOS, Android, and desktop, covering an expansive range of 20 other U.S. states. This includes key markets such as California, Connecticut, Florida, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Minnesota, Montana, New York, North Dakota, Ohio, Oregon, Pennsylvania, Virginia, Washington, West Virginia, and Wyoming.

With this robust integration of pari-mutuel betting into its digital ecosystem, Caesars Entertainment continues to reaffirm its commitment to the vibrant world of horse racing, demonstrating a keen understanding of evolving consumer trends and preferences.