..

Kentucky Sports Betting Legislation Introduced Via Pre-Filing

Written by:
Gilbert Horowitz
Published on:
Oct/09/2018

A bill to legalize sports betting in the state of Kentucky has been prefiled by two lawmakers.

GET UP TO A $1000 SIGNUP BONUS HERE

A proposal from Rep. Dennis Keene, D-Wilder, would establish a trust fund, with 60 percent of proceeds going to the state’s pension fund, but a bill from Sen. Julian M. Carroll, D-Frankfort, would not require that any of the revenue be spent on specific purposes.

From Inside Louisiville:

Matthew Stephens, general counsel for the Kentucky Senate Democratic Caucus, told Insider that state lawmakers are still discussing funding mechanisms, including whether to tax a share of how much money people bet — or how much betting operators generate in revenue after they pay out the winners.

Stephens also said that legislators are weighing whether to have the new sports betting industry overseen by an existing state body, such as the Horse Racing Commission, or a new agency.

In addition, he said, the representatives and senators are mulling where to allow people to place their bets, whether at existing gambling facilities, such as Churchill Downs’ recently opened Derby City Gaming, online, wherever people buy lottery tickets or all of the above.

- GIlbert Horowitz, Gambling911.com

Gambling News

Gambling and Sports Betting News Wire - June 26, 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday June 26, 2019.

More Sports Handicapping Sites Dump Offshore Ads in Favor of Regulated US Market

The popular sports handicapping website Picks and Parlays is the latest to remove offshore sportsbook ads in favor of legal betting sites in both New Jersey and Nevada.

6.2 Magnitude Earthquake Hits Sportsbook Hub of Costa Rica

6.2 Magnitude Earthquake Hits Sportsbook Hub of Costa Rica

A 6.2 magnitude earthquake hit the border of Costa Rica and Panama overnight Wednesday.  Costa Rica is home to several dozen online sportsbooks, casinos and Pay Per Heads.

Can I Bet on Sportsbook.ag From California?

Can I Bet on Sportsbook.ag From California?

Sportsbook.ag no longer accepts new customers from the state of California.  Another great option is Bookmaker.eu, which has been in business since 1986 and is accessible to those living in California.

When Can I Bet on the Bet Rivers Sportsbook From PA?

When Can I Bet on the Bet Rivers Sportsbook From PA?

The Bet Rivers sportsbook app will be debuting shortly, but it's only going to be available in Pennsylvania.

Syndicate