Sports betting is a rapidly growing industry in the United States, and Kentucky is now preparing to join the fray. The Bluegrass State is set to launch sports betting in 2023, just in time for the start of the NFL season.
Kentucky’s sports betting legislation was signed into law by Governor Andy Beshear in 2020. The law allows for both online and retail sports betting, with mobile wagering to be available statewide. The state’s gaming commission will be responsible for regulating sports betting, and the Kentucky Horse Racing Commission will oversee the industry.
The new law will allow for a variety of different types of sports betting, including parlay bets, straight bets, and in-play wagering. It will also allow for betting on college sports, though wagers on Kentucky-based teams will not be allowed.
The launch of sports betting in Kentucky is expected to bring in significant revenue for the state. It is estimated that the industry could generate up to $30 million in tax revenue annually. This money will be used to fund education, health care, and other public services.
Sports betting in Kentucky is sure to be a popular pastime for many residents. With the launch of sports betting just around the corner, it’s time to start getting ready for the big game!