by Christina Monroe | Mar 19, 2020 11:50 am | Regulatory
House Bill 137 would make sports betting legal in Kentucky. A recent poll has shown the majority of residents in the Bluegrass State are in favor of legalization. FRANKFORT, Ky. – Kentucky House Bill 137 which would make sports betting legal in the state has not seen...
by Daniel Borjas | Mar 10, 2020 2:51 pm | Regulatory
A 2-year, $23.4 million budget has been passed in the Kentucky House of Representatives that does not include sports betting within their sources of revenue. Governor Andy Beshear has spoken out about being in favor of legal sports betting in Kentucky which could...
by Christina Monroe | Feb 6, 2020 10:51 am | Regulatory
A sports betting bill seeking legalization in Kentucky has stalled out in the House. If sporting events were legal to wager on, it’s estimated that the Bluegrass State would see almost $22.5 million in revenue annually from the market. Retail tax rates are set at...
by Christina Monroe | Feb 4, 2020 2:52 pm | Regulatory
Wagering on sports in the state of Kentucky is not illegal under the Constitution. A co-sponsor of a bill to legalize the hobby has stated that gambling on sports is a game of skill rather than chance and skill is allowed while chance is not. The current bill has been...
by Michael Molter | Jan 20, 2020 6:23 pm | Revenue
Roughly $22.5 million is projected to be contributed to the state from legal Kentucky sports betting. Comparing the betting market to Mississippi, this could be a vast overestimation. Some believe that the state would only take in around $3 million from football and...
