Caesars Entertainment announces pari-mutuel horse wagering ahead of Kentucky Derby

Source: Shutterstock

Caesars Entertainment has revealed that pari-mutuel horse wagering will be available on Caesars Sportsbook in Kentucky and Colorado for the 151st Kentucky Derby.

Pari-mutuel horse wagering will be powered by horse racing data specialist NYRA Bets, while also being linked to Caesars’ loyalty program, Caesars Rewards, allowing bettors to earn rewards credits and tier credits on each horse racing wager.

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Dan Shapiro, Senior Vice President and Chief Development Officer at Caesars Digital, said, “Integrating pari-mutuel horse racing into the Caesars Sportsbook app is a significant milestone for both our digital business and the sport of horse racing. 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.”

Caesars’ new racebook will include live race streaming from over 300 global race tracks, including the company’s partner race tracks Del Mar, Monmouth Park, Keeneland, and Red Mile.

President of NYRA Bets Tony Allevato added, “Launching the shared wallet functionality allows Caesars Sportsbook to provide its large customer base with premier racing content through a comprehensive and easy-to-access wagering menu.”

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