DK Horse Rebranding to “DraftKings Racing” and to Appear Directly Within the DraftKings Sportsbook App 

BOSTON – March 31, 2026 – DraftKings Inc. (Nasdaq: DKNG) has unveiled its new horse racing product, DraftKings Racing, in Delaware, New Mexico and Rhode Island, expanding its horse racing footprint to 26 states nationwide. For the first time, customers in these states can experience horse racing with DraftKings and access pari-mutuel wagering on horse racing directly within the DraftKings Sportsbook app, delivering a seamless, integrated experience.

The expansion comes as DraftKings transitions from DK Horse, a standalone horse racing app offered as a white label affiliate of Churchill Downs’ TwinSpires, to DraftKings Racing, an embedded product within the DraftKings Sportsbook app that includes features like shared wallet functionality and integrated promotions. 

“With Triple Crown season approaching, we’re bringing DraftKings Racing to three new states at the perfect time to deliver an unmatched horse racing experience,” said Johnny Avello, Director of Race and Sports Operations at DraftKings. “By offering horse racing directly within the DraftKings Sportsbook app, we’re making it more convenient for customers to enjoy racing alongside their other favorite sports — all in one place, with one wallet and a more streamlined experience.”

DraftKings plans to continue rolling out DraftKings Racing within its Sportsbook app on a state-by-state basis. DK Horse will remain available as a functioning standalone app in states where it currently operates — Arizona, California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Montana, New Hampshire, New York, Ohio, Oregon, Pennsylvania, Virginia, Washington, West Virginia and Wyoming — and will be phased out as DraftKings Racing is introduced in each jurisdiction. The integration comes as DraftKings prepares to launch a Super App, “DraftKings Sports & Casino,” bringing together Sportsbook, Predictions, Casino and Lottery into one unified experience, with access tailored to each jurisdiction.

DraftKings Racing, while available within the DraftKings Sportsbook app, operates under separate regulatory frameworks from online sports betting. As a result, horse racing availability is determined separately on a state-by-state basis, even when accessed through the Sportsbook app.

DraftKings is dedicated to providing a fun gaming environment that all customers can enjoy responsibly. The company offers a suite of responsible gaming tools and resources. These include My Stat Sheet, which allows customers to monitor personalized gaming activity, and My Budget Builder, a guided tool that helps players set custom limits and reminders through a guided, easy-to-use experience.

About DraftKings

DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games, betting experiences and event contracts trading. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Puerto Rico, and Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, Washington, D.C., and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR and WNBA, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our products responsibly.

Forward-Looking Statements

Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” ”would,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.