Kentucky Sports Betting Looking To Push Through In 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 and regulation. The bill would allow gambling on professional and college sports, international sports, e-sports, and video game events. While the bill has faced opposition, supporters believe it would create a safer and regulated environment for sports betting in Kentucky.