Kentucky sports betting sign-ups to begin this month
Online sportsbooks inwards Bluegrass State won’t live undetermined until the cease of September, but officials said today that residents testament live able-bodied to registry for accounts past the terminal of this month.
“The countdown is on. We are simply tierce weeks off from sports wagering inwards Kentucky,” Gov. Andy Beshear said inward a word tone ending Thursday. “We are ready to drive home the calibre amusement experience Kentuckians asked for, spell bringing money to the land to keep pensions and liberal upwardly finances that can be used to build a ameliorate Kentucky.”
Seven online sportsbooks submitted certify applications before this month: Bet365, BetMGM, Caesars, Circa, DraftKings, FanDuel, and Penn Sports Interactive. Kentucky’s sports betting law allows upwards to 27 online licenses, deuce-ace for for each one of its niner Equus caballus racetracks.
Seven racetracks submitted applications for brick-and-mortar sportsbooks: Churchill Downs inward Louisville, Ellis Mungo Park in Henderson, Oak Grove Gaming and Racing in Oak Grove, The Red Mile inwards Lexington, Turfway Mungo Park in Florence, and two, soon-to-open racetracks, William Augustus Run inwards Corbin, and Sandy’s Gaming and Racing in Ashland.
Winners Decided Next Week
The Kentucky Horse Racing Commission testament determine on which operators to sanction at its Aug. 22 meeting.
Sign-ups for approved online sportsbooks testament begin past Aug. 28.
Betting inward the Bluegrass Country State begins a week later, on Sept. 7, but only at in the flesh(p) facilities. Beshar, a fighter of the two-way sports betting law, has said he will be proud to position the number 1 wager that day, which is the 1st of the NFL season.
Online sportsbooks testament be able to start accepting deposits from customers on Sept. 7, but actual betting testament have to hold off tercet weeks, until Sept. 28.
Tiered Implementation
Kentucky is taking a tiered near to implementing its unexampled sports betting law, inwards monastic order to examine policies and procedures at brick-and-mortar sportsbooks before peregrine applications start accepting bets.
“The KHRC is excited to open up sports wagering and is working expeditiously to assemble the necessary deadlines,” Chairman Jonathan Rabinowitz said inwards a statement. “This is a thrifty physical process dedicated to wagering integrity and protecting bettors in the tell of Kentucky.”
Officials idea Bluegrass State testament earn $23 billion inwards yearly task revenue once its sports betting practice of law is fully implemented. Online sportsbooks are taxed at a place of 14.25% patch brick-and-mortar facilities make up 9.75%.
Kentucky testament send off 2.5% of the proceeds to a newly created problem play fund.
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