Efforts by legislators to legalize sports betting in Kentucky is unsuccessful this year, as the legislative session closes Thursday. Senate Majority Leader Damon Thayer, in a speech in the Senate floor, announced the successes of the senate. He also pointed out the failures of the senate, and one of them was the lack of support and votes on the sports betting bill. Many who are in the bookie pay per head industry know how big the sports betting market can be in North America, and Kentucky is losing out on a good source of revenue from sports betting taxes.
The Senate, however, did not conduct a formal public vote on the sports betting bill, so it does not come out as a surprise that the subject was not discussed thoroughly. Senator Thayer supports the bill, and will continue to provide any support he can in the next session. Given how popular sports betting is, the local betting market can generate millions in revenue. Those who want to get into the sports betting business can do so easily, with betting and affiliate gambling tutorials easily available.
Sports Betting in Kentucky
Which means that should the state legalize betting, it can be easy to get everything ready for launch. The next legislative session will not start until January 2023, so its safe to say that Kentucky residents will need to look elsewhere for their sports betting options. There are a lot of options online for finding a sportsbook, creating a sportsbook, and even level up your online sportsbook.
House Bill 606 which was sponsored by Rep. Adam Koenig was the bill ignored by the senate. This bill aims to legalize both retail and online sports betting in Kentucky. Not only that, but it would have also paved the way for residents to play and bet on online poker and fantasy sports games. Currently, residents can bet on horse racing. Sports betting is legal in neighboring states, except for Missouri. However, there is a bill in Missouri that aims to legalize sports betting in the state.