KENTUCKY (FOX 56) — The day that sports fans can wager their bets is nearing in Kentucky.
On Thursday, Gov. Andy Beshear revealed the timeline leading up to its launch, and Kentuckians can register for mobile sports betting accounts in less than two weeks.
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“The countdown is on. We are just three weeks away from sports wagering in Kentucky,” Beshear said in a statement. “We are ready to deliver the quality entertainment experience Kentuckians asked for, while bringing money to the state to support pensions.”
Pre-registration for approved mobile sports betting operators begins on Aug. 28, and brick-and-mortar sportsbooks and accounts will open on Sept. 7. But the first online bet won’t take place until Sept. 28.
As of the Team Kentucky update on Aug. 10, the Kentucky Horse Racing Commission has received applications from the following seven licensed race tracks:
- Churchill Downs
- Cumberland Run
- Ellis Park
- Oak Grove Gaming and Racing
- The Red Mile
- Sandy’s Gaming and Racing
- Turfway Park
Beshear expedited the process by signing emergency sports betting regulations at a special meeting held in July. The licensing, safety, and technical aspects of sports betting in Kentucky were set, clearing the path for the first legal bets to be placed in the state.
But the governor said this is just the beginning.
“We’re doing this with the emergency regulations to start; we have to, to get it up and running. But there’s no question we’re going to learn some things, both from the initial period that is solely at the at the tracks, but then also as they move toward regular regulations,” Beshear said.
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Sports wagering in Kentucky is estimated to generate about $23 million a year in tax revenue and licensing fees. A percentage of the revenue would go to a fund focused on dealing with problem gambling. Leftover revenue would go to the state’s public pension system.