LEXINGTON, Ky. (WKYT) – This Saturday marks the one-year anniversary of legalized in-person sports betting in Kentucky.
The Kentucky Horse Racing and Gaming Corporation reports through the 2024 fiscal year, the Commonwealth generated more than $37 million in tax revenue.
Governor Beshear also reported on Thursday that sports wagering generated an additional $2 million in state tax revenue in July. He attributes that to the Paris Olympic games.
Hannah Simms with the Kentucky Horse Racing and Gaming Corporation says sports betting revenue projections are ahead of schedule.
“We have really, really been pleasantly surprised with the interest in the state and reaching those goals much earlier than expected and now far exceeding them,” said Simms.
However, there are some concerns with sports gambling. In the video above, WKYT’s Darnell Crenshaw has one of Governor Beshear’s concerns, which deals with some college student-athletes wagering on prop bets.
Copyright 2024 WKYT. All rights reserved.
The Pennsylvania Derby and Cotillion Stakes are the last Grade 1 chances for 3-year-old dirt routers to compete in their own divisions. With Thorpedo Anna amon
by Debbie Little In a statement released by management at Freehold Raceway on Thursday (Sept. 19), the racetrack in central New Jersey “expects to cease all
Race #9 Parx Dirt Mile $300,000 1-Mile Dirt - 3:32pm ESTHaving tangled with some big names of late, Coastal Mission looks to have found a winning spot when he
The Meadowlands has come up with a unique twist on how it will draw for stakes finals, a system aimed to please both owners and bettors. by Debbie Little The o