DraftKings to Launch CDI-Powered Racing Betting Offering

Nathan Bennett
Nathan Bennett
4 Min Read

2023년 대한민국 온라인카지노 순위 정보


온라인카지노 순위

2023년 기준 우리카지노에서 제공하는 온라인 카지노사이트 순위 입니다.
바카라사이트슬롯게임을 즐겨하시는 분은 꼭 필독하세요

대한민국 2023년 온라인카지노 순위 TOP 10

1위 프리카지노 335명
2위 헤라카지노 287명
3위 로즈카지노 143명
4위 플러스카지노 119명
5위 클레오카지노 93명
6위 솔카지노 84명
7위 선시티카지노 62명
8위 에볼루션라이트닝 53명
9위 라카지노 47명
10위 에볼루션카지노 12명
10위 스페이스맨카지노 12명
horse race

DraftKings and CDI are working together to develop and launch a DraftKings-branded horse racing betting app. [Image: Shutterstock.com]

Working closely together

DraftKings has partnered with Churchill Downs Incorporated (CDI) to create and launch a horse racing betting app. CDI announced the news of the multi-year partnership on Tuesday. The TwinSpires CDI subsidiary will provide its advance deposit wagering (ADW) technology to the US-focused gambling operator. TwinSpires is currently the leader in the online horse racing betting market in the US.

CDI will also provide pari-mutuel betting rights to DraftKings relating to all CDI-owned or controlled racing content, such as the Kentucky Derby. CDI will work on DraftKings’ behalf to secure additional racing content.

users will be able to place wagers on horse races through a standalone app

DraftKings plans to provisionally launch DK HORSE at some point in the coming months. When the platform eventually goes live, eligible DraftKings users will be able to place wagers on horse races through a standalone app.

A collaborative approach

The current plan is for DK HORSE to initially be available in 21 states, provided it gets all of the relevant approvals from regulators. According to the press release, DK HORSE will be scheduled to have a full launch in time for the Kentucky Derby in May 2023.

See also  Former Celtic Star Leigh Griffiths Arrested in Betting Probe

Speaking about the agreement with CDI, DraftKings CEO and chairman Jason Robins said that he is excited “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.”

Robins added that DraftKings expects the new offering to be profitable instantly due to the agreement’s structure.

CDI CEO Bill Carstanjen believes that the quality of the TwinSpires technology and offering is currently unmatched. That’s why the company is excited to work with DraftKings and help “to deliver a full end-to-end white label ADW solution that will introduce their significant base of sports betting customers to horse racing wagering.”

Other operators in the game

DraftKings certainly has an experienced partner on board. CDI has been a key part of the US horse racing scene for almost 150 years. Its headquarters is in Louisville, Kentucky and its most iconic asset is the Kentucky Derby which takes place every year at the Churchill Downs Racetrack.

DraftKings is an online gambling operator that has extensive sports betting, iGaming, and daily fantasy sports offerings across the US.

While this is DraftKings’ first significant foray into the horse racing space, other US-focused sportsbook operators have already dipped their toes into this arena. FanDuel already has a deal in place with CDI, which sees the two parties collaborating in a similar fashion to the new DraftKings deal; FanDuel Racing has been live for some time. BetMGM has a relationship with the New York Racing Association, while the Caesars Racebook is up and running in numerous states.

See also  웨일즈 럭비 스타 Andy Powell은 도박으로 모든 것을 잃었습니다.

Source link

Share this Article