By Will Feuer
DraftKings Inc. said it has launched a new app for users to place bets on horse races, a move that comes after the online gambling company last year struck a multi-year deal with Churchill Downs Inc., which operates the Kentucky Derby.
DraftKings said it has launched the app, called DK Horse, in 12 states, and expects to launch in more states before the Kentucky Derby, which is slated for May 6.
The company said customers will need to register for new accounts and deposit funds into their accounts on DK Horse, which will be separate from their DraftKings Sportsbook accounts.
Write to Will Feuer at Will.Feuer@wsj.com