Kentucky sports betting bill gallops to Governor

March 31, 2023
By
Leer en Español

The bill to regulate and legalize sports betting has cleared all hurdles in the Senate, passing 25-12.

In addition, since the initial publishing of this article, the Governor has now signed the bill into legislation, making Kentucky the 38th US jurisdiction to legalize sports betting...

Days after the American Gaming Association (AGA) sent a letter to the Kentucky Senate, a bill to legalize sports betting won final legislative approval. The measure was passed 25-12, which passes it from the Senate to Governor Andy Beshear

Beshear has been a long supporter of legalizing sports betting in the Blue Grass State. In a social media post, he said, ''Kentuckians will soon be able to place their bets here and for the first time.''

The bill’s status was indefinite for much of the 30-day legislative session. Because it's a revenue-producing bill in a non-budget year, a minimum of 23 votes was also needed for it to pass. Those supporting said that legalized, regulated and taxed sports wagering would generate about $23m a year in revenue and license fees.

Republican Senate Majority Leader, Damon Thayer, said during debates, ''We love our sports in the commonwealth. People want to be able to make the choice — of their own free will — to make a wager on a sports event, like almost all of our surrounding states.'' Thayer also said he thinks $23m was a low estimate of potential revenue.

Opposing Senator Whitney Westerfield said, “Ask yourselves, how much money people of Kentucky have to lose before we get that? There will be people who can't afford to bet, who will bet anyway.''

The bill would allow Kentucky's horseracing tracks to become licensed sports betting locations for, in Thayer’s opinion, Kentucky’s “time-honored tradition of betting on horseraces.''

The Kentucky Horse Racing Commission would regulate sports wagering operations. Horse tracks could also contract with up to three sports betting operators for mobile and online services.

Revenue from tax on sports wagering would cover regulatory costs. A percentage would also fund help programs for problem gambling and the state pension.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.