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

Betting Shop Critic Chuka Umunna Receives £20,000 Gift From Gambling Exec

Betting Shop Critic Chuka Umunna Receives £20,000 Gift From Gambling Exec

A close ally of Ed Miliband has been accused of hypocrisy by the Tories in the United Kingdom following reports Chuka Umunn accepted a £20,000 gift from a gambling executive.

Dutch Remote Gambling Bill Passes

Dutch Remote Gambling Bill Passes

The process of issuing online gambling bills is set to begin sometime this year in the Netherlands.

Gambling, Tobacco Lobbyists Among Biggest Spenders in Maine

Gambling, Tobacco Lobbyists Among Biggest Spenders in Maine

New lobbying reports show that gambling, tobacco, utility and marijuana groups are among the top spenders on lobbying so far this session in Maine.

Sports Betting Software vs. a Pay Per Head

Sports Betting Software vs. a Pay Per Head

Everyone who has ever placed a sports wager has thought about opening their own sportsbook or bookie service.  Heck, most bettors would love to have the glamour and lifestyle that comes from owning a sportsbook.

Big Fish Games Class Action Suit: Used Illegal Gambling Practices

Big Fish Games Class Action Suit: Used Illegal Gambling Practices

Their commercials were everywhere and now the Big Fish Casino is paying the price for success.

Syndicate