After years of backwards and forwards between the Home and Senate, the latter has lastly handed HB 551, which Gov. Beshear will signal into regulation Friday and eventually deliver authorized sports activities betting to Kentucky. [Image: Shutterstock.com]
Authorized sports activities betting is 99.9% within the bag for Kentucky after HB 551 lastly gained the Senate’s approval on the proverbial eleventh hour on the final day of the state’s 2023 Normal Meeting.
All that separates Kentucky from a authorized retail and on-line sports activities betting market is the signature of Democratic Governor Andy Beshear. Gov. Beshear’s reduction on the invoice’s 25-12 passage on Thursday was evident, stating: “We lastly did it!”
Beshear will approve HB 551 on Friday morning
In accordance with WLKY Information, Beshear will approve HB 551 on Friday morning and, with that flourish of a pen, make Kentucky the thirty eighth state to legalize sports activities betting within the US.
Underneath the invoice, proposed regulator the Kentucky Horse Racing Fee (KHRC) would license the state’s horse racing tracks as each retail and on-line sports activities betting amenities. The taking part tracks are permitted three service suppliers, usually business sportsbooks reminiscent of FanDuel and DraftKings.
On-line poker and every day fantasy sports activities betting, nevertheless, appeared Kentucky’s sacrificial lambs. In accordance with WLKY, the invoice’s sponsors eliminated these two verticals from HB 551 to make the invoice “extra palatable.”