In addition, CDI will also secure, on behalf of DraftKings, additional horse racing content for use on DK HORSE, the companies said. “Due to the structure of the agreement, we expect this new product offering to be immediately profitable.” DraftKings at the DerbyĪs part of the agreement, Churchill Downs Incorporated (CDI) will provide DraftKings with parimutuel wagering rights to horse racing content owned or controlled by CDI, including the Kentucky Oaks and Kentucky Derby. “We are excited to collaborate with Churchill Downs Incorporated, not only to give our existing customers an opportunity to engage with pari-mutuel horse wagering, but also to acquire new customers efficiently during marquee horse racing moments,” DraftKings CEO Jason Robins said in a statement. The new platform, which DraftKings plans to name DK HORSE, will allow eligible DraftKings customers to bet on horse racing using a stand-alone app.ĭraftKings, Churchill Downs Partner to Launch Horse Racing Betting Product via Alan Gobbi November 29, 2022 Under the agreement, Churchill Downs’ subsidiary, TwinSpires, will provide advance deposit wagering (ADW) technology to DraftKings, the companies said in a statement. Caesars Palace Online Casino Bonus CodeĭraftKings and Churchill Downs Incorporated announced a multi-year agreement on Tuesday that is expected to bring a parimutuel horse betting platform to DraftKings ahead of next May’s Kentucky Derby.
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