Two landmark racetracks in Kentucky will give Caesars Sportsbook access to KY sports betting.
“Keeneland and Red Mile are iconic horse racing venues with an important legacy in the state of Kentucky,” Caesars Digital President Eric Hession said in a release. “Working with these historic institutions provides an unmatched opportunity to reach sports and racing fans in the state.”
Kentucky sports betting law goes into effect June 28, but regulators are already working toward a hopeful launch by NFL betting season. Hession said he looks forward to a Caesars debut later this year.
Partnership details for Caesars
Beyond online sports betting access for Caesars, the partners plan to open “Central Kentucky’s only brick-and-mortar retail sportsbook locations” at the tracks in Lexington.
Caesars will be an official sports betting partner of the two tracks, offering on-track hospitality and VIP experiences at both.
Historic Kentucky tracks line up for sports betting
Keeneland was built in 1936 and is a National Historic Landmark. It is the world’s largest thoroughbred auction house.
Red Mile, meanwhile, dates back to 1875 and is the second-oldest harness racing track in the world.
It also features more than 950 historical horse racing (HHR) machines.
What sportsbooks will be in Kentucky?
Under Kentucky sports betting law, each of the state’s nine horse racing tracks can partner with up to three online sportsbooks. With up to 27 operators allowed, Kentuckians could see industry players large and small.
While the Caesars partnership was the first to be officially announced, Churchill Downs Inc. executives said in a recent earnings call that they have a partnership lined up with FanDuel. After CDI announced it was pulling out of online sports betting, it began partnering with sportsbooks like FanDuel to integrate its horse racing products.
Tracks in the Bluegrass State
Six tracks in Kentucky qualify for licenses in addition to Churchill Downs, Keeneland and Red Mile.
Those tracks are:
- Cumberland Run (a new racing facility)
- Ellis Park
- Kentucky Downs
- Oak Grove Racing and Gaming
- Revolutionary Racing (under construction)
- Turfway Park
Timeline for Kentucky sports betting
Along with the effective date, KY sports betting law dictates the market be “fully functional” within six months. That suggests sportsbooks will be live by at least the end of 2023.
Gov. Andy Beshear said he hopes sports betting will begin by the NFL season, which kicks off Sept. 7. Beshear signed the legislation in March.