Caesars Entertainment has integrated pari-mutuel horse race wagering into its Caesars Sportsbook app in Colorado and Kentucky.
The integration ahead of this year’s Kentucky Derby provides a shared wallet and allows players in Colorado and Kentucky to toggle between the Caesars sportsbook and racebook in the app, and place parimutuel bets using their sportsbook account balance.
The interface of the Caesars Racebook is powered by the New York Racing Association (NYRA) and the racebook is tied to Caesars loyalty program.
The operator has confirmed that live streams of more than 300 annual races will be available on the racebook, including streams from Aqueduct, Saratoga Race Course, Gulfstream Park, and Santa Anita, in addition to races at Caesars’ current partner tracks, such as Del Mar, Monmouth Park, Keeneland, and Red Mile.
In addition to the livestreams, players will also have access to race statistics and handicapping data within the app.
“Integrating parimutuel horse racing into the Caesars Sportsbook app is a significant milestone for both our digital business and the sport of horse racing,” said Dan Shapiro, SVP and chief development officer at Caesars Digital. “Our customers will be able to bet on horse racing, whether it’s the sport’s biggest events or daily races from tracks around the world.
“Now our product seamlessly puts the action directly in front of an expanded audience and reinforces Caesars’ commitment to horse racing. We look forward to continuing our work with the New York Racing Association and NYRA Bets to expand the availability across more states as we gain regulatory approvals.”
Tony Allevato, president of the NYRA, commented: “Horse racing plays an important role in the betting marketplace, and we appreciate Caesars’ long-standing commitment to elevating the sport and growing fan engagement.
“Launching the shared wallet functionality allows Caesars to provide its large customer base with premier racing content through a comprehensive and easy-to-access wagering menu.”
Shares in Caesars Entertainment Inc (NASDAQ:CZR) closed 3.32 per cent lower at $27.06 per share in New York Wednesday and were up 1.88 per cent in after hours trading at $27.57 per share.