Gov. Beshear: Sports Betting Three Weeks Away

Kentucky will use a tiered implementation to roll out sports betting.

Shutterstock photo.

(Frankfort, Ky.) – The opening day of sports betting in Kentucky is just weeks away.

Governor Andy Beshear announced this week that sports betting will go live at licensed retail facilities at 10:00 a.m. on Thursday, September 7.

A list of approved retail facilities and mobile applications will be released on August 22.

“The countdown is on. We are just three weeks away from sports wagering in Kentucky,” said Gov. Beshear. “We are ready to deliver the quality entertainment experience Kentuckians asked for, while bringing money to the state to support pensions and free up funds that can be used to build a better Kentucky.”

Kentucky has chosen a tiered implementation to roll out sports betting. Approved mobile applications can start taking wagers as of September 28.

Sports betting will generate an estimated revenue increase of $23 million a year upon full implementation that will be dedicated to the Kentucky permanent pension fund and 2.5 percent to the problem gambling assistance account. The bill also established a new excise tax on sports wagering: 9.75 perncet on the adjusted gross revenues on wagers made at a licensed facility and 14.25 percent on wagers placed online or on a smart phone.

For more information about sports wagering in Kentucky, visit KHRC.ky.gov.

More from Local News

Events

Bridge Painting Project Planned on U.S. 50 in Aurora

The project is expected to be complete in late July.

Lawrenceburg Students Create Mural for Lawrenceburg Civic Park

Be sure to stop by Civic Park to check it out and support the incredible work of our young artists!

Dearborn County Man Sentenced 35 Years for Shaking 20-Month-Old

Following his release from prison, Sartin will serve five years on supervised probation and will be prohibited from having contact with minor children.

EC's Stenger to Play for South Team at All-Star Futures Game

The game will be held June 1 at a site to be determined.

Seven SEI Hoops Stars Earn All-State Honors

The recognition comes from the Indiana Basketball Coaches Association.

East Central's Mayer Named Hasbrook Family Leadership Award Recipient

The scholarship is administered through the IHSAA.

On Air

Your Hometown Radio Station playing
Hunter Hayes - Somebody's Heartbreak

Fox News Fox News National Newscast 0:01
Zach Top I Never Lie 23:56
Travis Tritt Love of a Woman 23:53
Alabama Down Home - EAGLE ONLY NO INTRO IMAGING 23:49