Speaking about the new development, Jason Robins, CEO and Chairman of the Board of DraftKings, said:

Through DK Horse, DraftKings will also tap into its large pool of 2.6 million active customers across its sportsbook and online casino operations. First, DraftKings will finally step up as a main competitor to FanDuel and BetMGM, both operators that have long-operated horse racing platforms.

The positive prospects for a pari-mutuel horse betting app owned by DraftKings are enormous. In essence, the odds for each bet are quite flexible. Unlike regular sports wagering, which involves payout on fixed odds, parimutuel betting payout depends on the total amount wagered by every gambler. However, the emergence of DK Horse presents a new gambling market for the operator to tap into. DraftKings Keeps Growing by Adding DK HorseĭraftKings is quite famous for its daily fantasy games and sports betting products. TwinSpires had the obligation to provide its deposit wagering technology to be incorporated into DK Horse. Through the official collaboration, Churchill Downs Incorporated will license its horse racing content and pari-mutuel rights to DraftKings.īoth companies flagged off their partnership back in November 2022 with a multi-year agreement that also involved TwinSpires, a subsidiary of Churchill Downs. The latter company is one of the foremost players in the US Horse racing industry. It is noteworthy that the DK Horse app is available through a partnership between DraftKings and Churchill Downs Incorporated. Thanks to the newly released app, DraftKings customers can now enjoy unrestricted access to pari-mutuel horse race wagering in eligible states. The app will launch operations in 12 states, with further expansion to come during the Kentucky Derby in May 2023.

With the Kentucky Derby only a few weeks away, DraftKings has announced the launch of DK Horse, its first-ever horse betting app.

Can you bet horses on draftkings