Seven operators have utilized for on-line sports activities betting licenses in Kentucky. [Image: Shutterstock.com]
The Kentucky Horse Racing Fee (KHRC) has obtained seven functions for each retail and on-line sportsbook licenses as authorized sports activities betting set to launch within the state in lower than a month.
Every of the state’s racetracks plans to open a retail facility, together with Churchill Downs. They may be capable of settle for wagers at each main and satellite tv for pc amenities in the event that they get the inexperienced gentle.
KHRC will announce the profitable bidders earlier than the top of the month
The candidates for on-line approval embrace DraftKings, FanDuel, BetMGM, and Caesars. The KHRC will announce the profitable bidders earlier than the top of the month, with a gathering and votes to happen on August 22.
Retail sportsbooks will be capable of open on September 7, which is in time for the brand new NFL season. On-line platforms have to attend till September 28.
Speaking in regards to the upcoming launch, Kentucky Governor Andy Beshear mentioned that it’s going to carry a brand new type of leisure to the area, in addition to present funds for a variety of vital makes use of. The tax charge on in-person betting income will likely be 9.75% and 14.25% for on-line wagering. Operators that get approval for a license might want to pay an preliminary payment of $500,000.