"It is now official. Legal sports betting, which the Kentucky legislature earlier this year voted to legalize will be ready for the upcoming NFL season ... at least the retail side. Retail sports betting in the state will be ready to launch Sept. 7, while a broad, and more all-encompassing mobile platform will launch Sept. 28.
Kentucky sports betting regulators will now have the summer to finalize exactly what the rules will be for their legal sports betting platform. As it stands, retail will be first to launch with nine licensed horse tracks in the state and other casino-type facilities beginning to take bets of Sept. 7.
Unfortunately, Kentucky sports betting apps for residents won't launch until three weeks after. it is unclear as to which mobile sports betting providers will be licensed in Kentucky but familiar names like BetMGM Sportsbook Kentucky, DraftKings Sportsbook Kentucky, FanDuel Sportsbook Kentucky, and Caesars Sportsbook Kentucky will almost assuredly be on the list. Each of the retail facilities will be allotted up to three skins (partnerships with online providers).
The Kentucky legal sports betting platform will be regulated by the Kentucky Horse Racing Commission. Retail sports betting revenues will be taxed at 9.25%, with online providers being taxed at 14.25%. Sports betting licenses will cost $500,000 with an annual renewal fee of $50,000. Betting on professional and college sports will be permitted under the new law. Eighteen years is the legal age to place a wager.
Under the sports betting rules for the Kentucky legal scene, online providers are required to partner up with an existing horse racing track or casino-like facility. There has already been movement on that front with top-tier sportsbook FanDuel partnering with Churchill Downs, and Caesars Sportsbook aligning with Keeneland and Red Mile."
Read the full story here: Kentucky Legal Retail and Mobile Sports Betting To Launch in Time for NFL Season (sportsbookreview.com)
Kentucky sports betting regulators will now have the summer to finalize exactly what the rules will be for their legal sports betting platform. As it stands, retail will be first to launch with nine licensed horse tracks in the state and other casino-type facilities beginning to take bets of Sept. 7.
Unfortunately, Kentucky sports betting apps for residents won't launch until three weeks after. it is unclear as to which mobile sports betting providers will be licensed in Kentucky but familiar names like BetMGM Sportsbook Kentucky, DraftKings Sportsbook Kentucky, FanDuel Sportsbook Kentucky, and Caesars Sportsbook Kentucky will almost assuredly be on the list. Each of the retail facilities will be allotted up to three skins (partnerships with online providers).
The Kentucky legal sports betting platform will be regulated by the Kentucky Horse Racing Commission. Retail sports betting revenues will be taxed at 9.25%, with online providers being taxed at 14.25%. Sports betting licenses will cost $500,000 with an annual renewal fee of $50,000. Betting on professional and college sports will be permitted under the new law. Eighteen years is the legal age to place a wager.
Under the sports betting rules for the Kentucky legal scene, online providers are required to partner up with an existing horse racing track or casino-like facility. There has already been movement on that front with top-tier sportsbook FanDuel partnering with Churchill Downs, and Caesars Sportsbook aligning with Keeneland and Red Mile."
Read the full story here: Kentucky Legal Retail and Mobile Sports Betting To Launch in Time for NFL Season (sportsbookreview.com)