Kentucky Governor Andy Beshear accomplished his goal of legalizing sports betting in the state, and now Kentuckians will be able to place bets just 60 days after the legislation was signed. Beshear made the announcement in a video on Twitter, expressing his excitement about the success of the initiative. The retail launch date coincides with the opening game of the Kansas City Chiefs, who won the Super Bowl, against the Detroit Lions. Additionally, online sports betting will be available on September 28, just before the start of the 2023 Ryder Cup.
The Kentucky Horse Racing Commission (KHRC) will oversee the rollout of sports betting, which is expected to generate an estimated $23 million in annual tax revenue and licensing. Senate Majority Leader Damon Thayer commented that the launch of sports betting at various racetracks is a natural extension of Kentucky’s history and tradition of betting on horses.
Beshear’s push for legalizing sports betting in Kentucky has finally come to fruition, and the anticipated launch of the market is a significant achievement for the state. The news of sports betting being legalized in Kentucky comes at a time of growth and expansion in the industry. The launch of sports betting in Kentucky marks a milestone in the state’s efforts to modernize its gambling laws and regulations.
Overall, the legalization of sports betting in Kentucky is expected to have a positive impact on the state’s economy and provide new opportunities for residents to engage in legal gambling activities. This development is a significant win for Beshear and a step forward for the state in embracing the expansion of the gambling industry.
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