Indy 500 Signals Caesars Sportsbook as Its Official Sports Betting Spouse

Posted on: Could 15, 2022, 08:24h. 

Past updated on: May possibly 15, 2022, 08:24h.

Steve Bittenbender

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The Indianapolis 500 is two weeks away, and on Saturday, homeowners of the famed Brickyard announced a partnership with Caesars Amusement for this year’s race.

Caesars Sportsbook will provide as the Formal Sporting activities Betting Spouse for the race and the Indianapolis Motor Speedway (IMS). The settlement also permits the Las Vegas-centered sporting activities betting operator and division of America’s major casino enterprise to sponsor remaining IMS races. That integrated Saturday’s GMR Grand Prix.

“Partnering with a person of racing’s most legendary venues and ‘The Greatest Spectacle in Racing’ presents our prospects with exceptional experiences via Caesars Benefits,” Caesars Digital Co-President Eric Hession stated in a assertion. “This will be an impactful partnership for us that builds upon our commitment to the point out of Indiana together with the investments into our resorts and the communities they serve.”

IMS to host Caesars Sporting activities Betting Lounge

A further perk of the partnership for Caesars is the initially sports betting lounge at the racetrack.

The Caesars Sportsbook Lounge will be found on the Pagoda Plaza. It will be open up through exercise and race times at the track and give Caesars application consumers an elevated check out of the 2.5-mile oval study course. Caesars will also be capable to giveaway distinctive “VIP experiences” to users through its Caesars Rewards loyalty method.

1st-time people will be equipped to gain access to the lounge if they obtain the application and make a $20 deposit. Other than accessibility to the lounge, those new accountholders will also obtain $106 in free bets – a particular in honor of the 106th working of the race on May well 29.

We’re really fired up about this partnership with Caesars and think their on-web page presence – which is a to start with for our storied facility – will give fans a new chance to engage with the on-keep track of action at the Racing Money of the Earth,” mentioned Indianapolis Motor Speedway President J. Douglas Boles in a assertion.

The IMS partnership is just the most up-to-date agreement Caesars has established in Indiana. Very last 12 months, the athletics betting operator grew to become a associate with the Indianapolis Colts. As section of the arrangement, Caesars provides its buyers a $500 rebate toward the acquire of year tickets for the 2022 season.

Caesars Performs a Massive Position in Indiana Gaming

Caesars is the top rated gaming firm in Indiana, in accordance to facts from the Indiana Gaming Commission. Apart from the sporting activities betting application, the corporation operates 3 casinos in the point out – Harrah’s Hoosier Park in Anderson, Horseshoe Hammond, and Horseshoe Indianapolis in Shelbyville.

The a few account for 31.4% of the 14,789 slot machines or electronic gaming devices in the condition and 36.9% of the 656 live-seller desk video games. In April, these three casinos mixed to create $83.4 million in altered gross revenues. That represents 37.6% of the revenues the state’s 12 casinos documented for the thirty day period.

As sportsbooks go, Caesars isn’t as major as FanDuel and DraftKings in the state, which accounted for a lot more than 58% of the state’s $360 million manage in April. Nevertheless, the company’s app and retail sportsbooks developed $47.8 million in cope with for the month. That rated third in the state.