Bonus Code WIN$100
Bet $20 Win $200
21+ CO, VA, MI Only | Terms and conditions apply
The legislative session deadline Kentucky’s congress was facing has come and gone without a Senate vote on the contentious sports betting bill that had received a 58-30 vote in the House, that issue is now stalled as neighboring states continue to launch their own lucrative markets.
That was despite Senate Majority Floor Leader Damon Thayer being the main sponsor of that bill – HB 606 – his goal being to give Kentucky bettors the choice to place legal and regulated sports bets instead of having to find alternative ways to do that, an unhappy Thayer saying:
“I’m personally disappointed that we were unable to pass sports betting. … We just don’t have the votes. I think we should allow the people of Kentucky to make a choice of their own free will, like all of our surrounding states do, to be able to make a legal wager on sports.”
Especially given that now Bluegrass State gamblers only have to take a short drive to whichever neighboring state is closest, with Virginia, West Virginia, Tennessee, Indiana, and Illinois all with their own legal sports betting markets now in place.
But many opponents of the issue have a different take on that activity in general.
The fight against legalizing, regulating, and taxing the sports betting market in Kentucky is both financial and moral in nature, with some lawmakers opposing the issue due to the potential harm it could cause addictive residents and others not happy with the competition it would bring.
One such naysayer is David Walls, executive director of The Family Foundation, who sees the legalization of sports betting in his state as just another way to victimize Kentucky’s poorest residents, telling the media:
It is an industry not designed to create wealth but to simply transfer wealth, primarily from the poor to the wealthy.
Gambling might do that, but what some opponents fail to recognize is this sports betting market already exists for Kentucky residents, except it’s through unregulated offshore sportsbooks and black-market bookies so all that money being spent is just flowing out of the state.
That sports betting could take away some of Kentucky’s horserace gambling action is a legitimate concern as is that it might threaten the bourbon tourist dollar, however, chances are legalizing that market and the attention it brings will only serve to increase everyone’s bottom line.
Now that HB 606 is dead and buried, Kentucky lawmakers must go back to the sports betting legislation drawing board and write up a new bill that most likely addresses the concerns that opponents still seem to have.
A sports betting market in Kentucky already exists underground so it behooves state lawmakers to figure out a way to capitalize on that outward cash flow, with some industry experts projecting $22.5 million in annual tax revenue, money that could go towards some important state issues.
According to Senator Thayer, it is only a matter of time before enough of his colleagues begin to accept the inevitable future, with 2023 looking hopeful for this issue to finally move forward, so keep checking back here for all the latest news and updates.
Impressive range of bonuses
Large selection of games
Bet $100 get a $100 FREE BET
21+ | T&Cs apply
Wide range of betting options
Top notch customer service
Promo Code 'SPORTS'
$500 Free Bet
21+ | VA only | Gambling problem? Call 1-800-532-3500
New Nebraska Sports Gambling Bill Would Allow In-State College Betting
Betting | 31 January - 05:11 | Mike Lukas
Texas Legal Sports Betting Debate Rages on as State Legislative Session Begins
Betting | 30 January - 07:22 | Mike Lukas
Super Bowl LVII in Arizona Where Sports Betting is Legal: New Trend?
Betting | 27 January - 06:17 | Mike Lukas
Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]More info on Mike Lukas
© Rebel Penguin ApS 2023 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. If you feel like you're losing control over your gambling experience, call 1-800-GAMBLER (NJ, PA, WV), 1-800-9-WITH-IT (IN), 1-800-BETS-OFF (IA), 1-800-522-4700 (NV), 1-800-522-4700 (CO, TN), 1-855-2CALLGA (IL), 1-800-270-7117 (MI).
WSN.com is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.