Kentucky Senate passes sports betting bill
- By: Peace Nwankpa
- March 31, 2023
- LikeUnlikeLike
- 459 Views
The Kentucky Senate approved a bill to legalize sports betting in the state on Thursday evening, becoming the first in the U.S. to do so this year.
The committee voted 25-12 in favor of the measure, which needed a 23-vote count to pass, sending it off to Gov. Andy Beshear to sign. The vote was swift and decisive, concluding hours before the legislature adjourned. It caps the five-year movement led by former Rep. Adam Koenig to legalize the activity.
House Bill 551 has been steadily moving toward the Senate chamber since the House of Representatives voted 63-34 on March 13. If Beshear signs, 27 digital platforms with ties to nine horse racing tracks will be approved.
Beshear already expressed his support for the bill, tweeting a celebratory message concerning the approval on Thursday.
“After years of urging lawmakers to legalize sports betting, we finally did it! Today’s result shows that hard work pays off. Kentuckians will soon be able to place their bets here, and for the first time, we are going to keep those dollars to support our roads and bridges, schools and communities,” he wrote.
HB 551, which Rep. Michael Meredith sponsored, will legalize in-person wagering and provide each racing tract with a brick-and-mortar sportsbook. The bill requires the Kentucky Speedway and horse racing tracks to pay a levy to operate sports betting facilities on-site, licensed gaming websites, or mobile apps. Online wagers are taxed at 14.23%, while in-person betting on the tracks attracts a 9.75% excise tax.
The measure also allows betting in college and professional teams and the Olympics and esports. The Kentucky Horse Racing Commission will be assigned the role of the gaming regulator and the legal age for wagering was placed at 18. While this is unlike the conventional 21 years requirement across the U.S., it is in line with the legal age for placing bets on horse racing and lottery in the state.
A nearly identical bill advanced from the House last year; however, it died in the Senate. HB 551 seemed on the verge of having the same outcome until it was placed among the day’s agendas and reviewed 30 minutes later.
Although HB 551 was approved, it had its share of detractors, one of whom was Sen. Whitney Westerfield. He asked his peers to vote against the bill citing families who lacked basic necessities but went to other states to gamble.
“Let other states do it. I’m in one of those bordering counties … and I know people are going to Tennessee. Let ’em. If you bring it here, there will be more families doing it here,” Westerville said.
Other parties supporting the bill include Sen. Karen Berg and Sen. Brandon Smith, who voted against legal betting in past sessions but switched sides on Thursday.
The bill will allocate 2.5% of sports betting tax revenue to fund problem gambling and responsible gaming programs. According to Meredith, the state would gain around $23 million in tax revenue, providing approximately $575,000 for education and prevention initiatives and similar programs.
With Beshear’s signature on the bill, Kentucky joins its six border states to offer digital wagering. It will also become the 38th U.S. state to approve the activity.
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race MediaTop Online Casinos
Latest Betting News
- Jaiswal, Kohli tons put India in dominant position in Perth Test
- Andy Murray joins Novak Djokovic’s team as new coach
- West Indies secure Day 1 against Bangladesh despite late wickets
- Netherlands reach first Davis Cup Final after beating Germany
- NFL Week 12 Sunday preview & free betting picks | November 24
- Bundesliga soccer betting picks & predictions | Matchday 11
- Serie A Matchday 13 preview & top betting picks
- UFC Fight Night Macau betting preview & top picks | November 23
- Kokkinakis stars as Australia down USA in Davis Cup quarters
- Las Vegas Grand Prix 2024 betting preview & free predictions | F1
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe