When you sign-up through links on our site, we may earn an affiliate commission. Learn more >

Kentucky Sports Betting Set to Launch in September

Written by: Michael Savio
Published July 12, 2023
6 min read
Kentucky Sports Betting Set Launch September

Kentucky Governor Andy Beshear approved new regulations allowing sports betting to launch in September. The first retail bets can be made on September 7, with mobile betting going live on September 28. While the deadlines are sooner than many expected, the state has made it clear they want the industry up and running for the NFL season.

"The odds were against us, but we were determined to get sports betting passed in Kentucky, and we got it done," Gov. Beshear said regarding the measure he signed on Monday. "I want to see any freed-up dollars going to support public education, economic development, disaster recovery, and other necessary projects."

The passage of the state's sports betting bill and Gov. Beshear's measure should make the state an appealing sports betting market. They will have many licenses available and a reasonable tax rate. Caesars already partnered with Keeneland Racetrack and Red Mile Gaming, meaning they will likely be the first to market. DraftKings, BetMGM, and FanDuel, have all been looking to make inroads in the state and are expected to apply for licenses in the Bluegrass State. 

What Kentucky's Sports Betting Law Includes

Kentucky's sports betting will be regulated by the Kentucky Horse Racing Commission. The new law allows them to award up to 27 online sportsbook licenses, taxing each operator at 15.25%. According to the state's projections, they believe the industry could generate $23 million in annual tax revenue.

On the retail side, Kentucky has granted licenses to nine different horse racing tracks. Those locations will launch a few weeks ahead of online betting, allowing the state to capture revenue from the beginning of the NFL season.

The minimum age is the most significant difference between Kentucky's sports betting industry and the rest of the country. Players within state lines must be just 18 years old to legally bet on sports. That age minimum was established from Kentucky's horse race betting law, and the state believed keeping it for sports betting made sense.

Image for Michael Savio

AUTHOR

Michael Savio

412 Articles

Michael is an avid sports fan and a veteran bettor from Milwaukee. He learned the trade from his grandfather in Las Vegas as a kid and has turned that into a successful career. He cheers for all Wisconsin pro teams along with his Alma Mater Arizona State. He specializes in baseball betting, but has experience in football, basketball, and hockey as well. When he isn’t pouring over stats, he’s spending time with his two young children.

More info on Michael Savio
We've been featured on:
espn logo
reuters logo
cbs-news logo
forbes logo
entrepreneur logo
entrepreneur logo
We only list licensed sportsbooks
WorldSportsNetwork
WorldSportsNetwork
WorldSportsNetwork
WorldSportsNetwork

© Rebel Penguin ApS 2024 (a subsidiary of Gaming Innovation Group Inc.)

We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.

WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and 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.