Kentucky took another step towards launching its sports betting market last week. On Friday, the Kentucky Horse Racing Commission (KHRC) approved the Sports Wagering Advisory Council’s (SWAC) bet catalog. The bet catalog establishes which sports and bet types will be allowed, setting the framework for the launch of the industry later this month.
While the KHRC is the top sports betting regulator in the Bluegrass State, they are working in conjunction with the recently formed SWAC. Kentucky decided to add the new council to support the KHRC, primarily due to concerns around their ability to manage the market efficiently. Friday was the council’s first meeting, making this their first official action as a regulator.
“Following a thorough evaluation, the Council made a unanimous decision to officially support the accompanying memorandum and the enclosed “Wagering Catalog” designed for sports wagering purposes, “SWAC William May shared upon the approval. “Due to the immediate nature of this topic, the Council recommends that the KHRC’s Executive Director approve the Wagering Catalog subject to ratification in the event that a quorum of KHRC’s membership is not able to meet prior to September 7, 2023.”
Retail sports betting will launch on September 7, and online sports betting will go live on September 28.
The finalized bet catalog surprised many by ranking among the country’s largest. Kentucky will allow things like betting on in-state NCAA teams, prop betting on college games, and live betting with very few restrictions. These are things that many of their neighboring states have prohibited, which could lead to bettors flocking over the border to enjoy Kentucky’s more extensive catalog.
Some notable bet types will remain illegal for sportsbooks to offer. Those include dog and horse racing, non-sports events like award shows, injuries or penalties, and disciplinary proceedings.
While horse betting was not in the catalog, it is already legal in Kentucky. The state considers horse betting and sports betting to be two separate industries. Therefore, there are two different licenses needed. Many sportsbooks will also offer horse betting, but it will be on a separate platform.
Prime Sports to Become Ninth Online Sportsbook in Kentucky
8 hours ago | Michael SavioIowa Sees Record-Setting Sports Betting Handle in November
2 days ago | Michael SavioNew Class Action Lawsuit Takes Aim at Sweepstakes Operators
3 days ago | Michael Savio
We support responsible gambling. Gambling can be addictive, please play responsibly. If you need help, call
1-800-Gambler.
WSN.com is managed by Gentoo Media. Unless declared otherwise, all of the visible content on this site, such
as texts and images, including the brand name and logo, belongs to Innovation Labs Limited (a Gentoo Media
company) - Company Registration Number C44130, VAT ID: MT18874732, @GIG Beach Triq id-Dragunara, St.
Julians, STJ3148, Malta.
Advertising Disclosure: WSN.com contains links to partner websites. When a visitor to our website clicks on
one of these links and makes a purchase at a partner site, World Sports Network is paid a commission.
Copyright © 2024