With the Triple Crown season in full swing after a spectacular Kentucky Derby last weekend, West Virginia horse racing enthusiasts have a new way to place bets on races from around the world.
To capitalize on the growing interest in horse racing in the US — at arguably the most exciting time of year for horse racing fans — PointsBet Sportsbook has launched a new horse racing app, PointsBet Racing.
West Virginians can now download the PointsBet Racing app and unleash its many capabilities.
West Virginia players can bet on races from over 180 tracks
PointsBet Racing adds to the many online options available for West Virginia horse betting. West Virginians can place bets at several racetracks across the state or online through at least seven mobile sportsbooks.
What makes the PointsBet Racing app special is that it is specifically for horse racing. It allows users to bet on races from more than 180 tracks all across the globe. It includes tracks in the US, United Kingdom, Hong Kong, and Japan, as well as PointsBet’s home country of Australia.
PointsBet Racing also includes livestreaming options, replay capabilities, and individualized accounts. Best of all, the app completely integrates with all of the products and platforms that PointsBet owns and operates.
It features “top statistical and favorite factor compilation, new user educational tools, as well as seamless deposit and withdrawal capabilities,” according to Johnny Aitken, PointsBet’s US CEO. He said:
“The launch of PointsBet Racing marks a significant milestone in our efforts to expand our product portfolio and capture the tremendous potential of the US horse racing market. We are optimistic about replicating the success we have seen in mature global betting markets where racing is a huge engagement channel next to sports. This new offering will contribute to the growth of online horse racing in the US.”
PointsBet strikes partnership with the Stronach Group
PointsBet Racing is a product that stands on its own. While under the PointsBet umbrella, the app is a one-stop shop for horse racing.
To accomplish this major task, PointsBet has partnered with the Stronach Group. Stronach is a company that thrives in the horse racing world. Their multiyear deal features the Stronach Group’s 1/ST TECHNOLOGY powering the new app.
Right now, bettors in 25 states, including in West Virginia, can legally place wagers on horse races across the world.
PointsBet could be looking to sell
PointsBet Sportsbook is going through a lot of changes right now in the US and across the globe.
And according to Legal Sports Report, PointsBet is short on cash and is currently in advanced talks to sell its US business. Just last year, PointsBet was in talks to sell its business in its home country of Australia. No sale came from those talks.
PointsBet CEO Sam Swanell told Legal Sports Report that changes must be made.
“We’ve got a strong balance sheet, but we acknowledge that at some point, we’re going to need more capital. So, we continue to assess all of these, sort of, credible strategic opportunities really carefully.”
Swanell said any moves the company makes will be what’s best for shareholders.
“Ultimately, in determining which of these opportunities will be pursued, we answer one key question, which is what will be most value accretive for shareholders?”
One change, of course, has already been made: PointsBet Racing. The success of the app could improve the sportsbook’s bottom line in West Virginia and beyond.