{"id":4926,"date":"2023-01-26T00:00:00","date_gmt":"2023-01-26T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/kentucky-if-we-legalize-sports-wagers-we-believe-north-of-20-million-a-year-for-the-state-in-tax-revenue\/"},"modified":"2023-01-26T00:00:00","modified_gmt":"2023-01-26T00:00:00","slug":"kentucky-if-we-legalize-sports-wagers-we-believe-north-of-20-million-a-year-for-the-state-in-tax-revenue","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/kentucky-if-we-legalize-sports-wagers-we-believe-north-of-20-million-a-year-for-the-state-in-tax-revenue\/","title":{"rendered":"Kentucky: If we legalize sports wagers we believe, north of $20 million a year for the state in tax revenue"},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The bill, <\/span><\/span><span style=\"color:#0563c1\"><u><a href=\"https:\/\/apps.legislature.ky.gov\/record\/23rs\/hb106.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">HB 106<\/span><\/span><\/a><\/u><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">, was introduced on the opening day of the 2023 state legislative session and seeks to allow online sports betting, daily fantasy gaming and poker statewide.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The legislation would seek to legally define several common terms related to gambling, such as adjusted gross receipts, entry fee, rake and stake, and many more.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Other new sections include details related to online poker and fantasy contests, as well as amending and expanding existing legislation to include sports betting and updating existing laws to fit their purpose<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">Republican Al Gentry told a local outlet: &quot;People literally walk across the border, park, place bets on the phone, and that tax revenue goes from this state to other states.&quot;<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Kentucky is currently one of the most limited states when it comes to what is available to those who wish to gamble.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The state does not have commercial casinos, tribal casinos, card rooms, gambling, retail sportsbooks (etc.).<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">However, it does have instant racing terminals at the racetracks and betting is allowed at the racetracks on the horse racing product.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Where do people from Kentucky place sports bets online? Kentucky borders seven states, of which 6 have legalized mobile sports betting.<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Indiana, Ohio, West Virginia, Virginia, Tennessee, and Illinois offer bettors the opportunity to place mobile sports bets, where Missouri is the only one that does not.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">&quot;If we legalize sports betting and in the same way as before, it would be run by the horse racing commission and generate, we believe, north of $20 million a year for the state in tax revenue.&quot;<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\"> <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;People literally walk across the border, park, place bets on the phone, and that tax revenue goes from this state to other states.\u201d<\/p>\n","protected":false},"author":1,"featured_media":4927,"menu_order":359,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2115,2113,2114],"class_list":{"0":"post-4926","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-hb106-bill-kentucky","8":"tag-kentucky-ai-gentry","9":"tag-sports-wager","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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