March 7, 2023
According to recent reports, Ohio generated over $1.1 billion in sports betting revenue in January, the first month of legal sports betting in the state. This news has encouraged Kentucky lawmakers, who are also pushing for the legalization of sports betting. The bill, HB 551, has been filed and is awaiting a vote from the House Licensing, Occupations, and Administrative Regulations Committee. The bill would require online gaming providers to associate with a Kentucky horseracing track, and the Kentucky Horse Racing Commission would have regulatory responsibilities over the gaming providers. Sports betting would be allowed through a licensed facility or online through a website or app. The revenue generated would go to a newly created sports wagering administrative fund, which would provide costs for licensing […]