In Kentucky, a Democratic lawmaker is reportedly set to propose legislation that would aim to rescue the southern state’s struggling pension system by permitting horseracing venues and off-track betting operators to offer sports wagering.
Kentucky State Senator Julian Carroll is aiming to have his proposal discussed in Frankfort early next year so long as the United States Supreme Court overturns the Professional and Amateur Sports Protection Act (PASPA) of 1992, which forbids all sports betting outside of Nevada, Delaware, Montana and Oregon. This means that Kentucky could become the tenth state alongside the likes of Connecticut and Mississippi to consider sports wagering legislation. (READ SO: FANTASY SPORTS: NEW JERSEY OPENS THE DOOR)
“It is important that the General Assembly acts now to create regulations in anticipation of a ruling by the Supreme Court. If the Supreme Court strikes down PASPA, sports wagering will be legal in Kentucky despite this bill. This bill regulates an industry that I believe is coming to Kentucky. We should take advantage of this opportunity while safeguarding our citizens.” Stated Carroll.
