In late September 2023, Kentuckians placed sports bets on their mobile phones. Kentucky is one of several jurisdictions in the United States where sports betting is legal, with the maximum allowing online betting.
Anyone who is physically in the Bluegrass State can gamble. You don’t have to be a resident of Kentucky to gamble in this state. Kentucky borders six states with online sports betting.
The statement came two weeks after the state opened in-person sports betting.
The following mobile applications are licensed through the Kentucky Horse Racing Commission (KHRC) to operate in Kentucky.
Circa Sports will also be available in Kentucky and will launch in May 2024 through a partnership with Cumberland Run Racetrack.
Players can register and deposit their budget remotely at Kentucky sportsbooks.
There are 12 physical places in Kentucky to bet on sports.
Under state law, other people over the age of 18 can bet on Kentucky sports in person and online.
The legal age to bet on sports in the maximum states is 21, which is why some online sports sites in Kentucky have opted for consistency across all markets.
The Kentucky Sports Betting Advisory Board has created a list of sports occasions and approved sports governing bodies for gambling. The list is called a sports catalog.
The sports wagering catalog includes:
All the classic features of sports betting are available in Kentucky, adding money lines, spreads, over/under, support bets, and parlays.
Kentucky has professional sports groups, but enthusiasts can bet on the professional sports groups of their choice.
Mobile phone gambling in the Kentucky Derby has been legal in Kentucky for many years. Sports betting and horse racing betting are regulated separately.
Kentucky online sportsbooks accept bets on the Kentucky Derby.
The Racebook TwinSpires app is the most popular way to bet on the web in the Kentucky Derby. DraftKings, FanDuel, and Caesars also offer standalone apps for betting on horse racing.
For more information, please consult our horse racing advisor.
Kentucky House Bill 551 established a new sports betting excise tax: 9. 75% on the adjusted gross profit from bets placed at a licensed retail outlet and 14. 25% on bets placed or on a smartphone.
Once fully implemented, sports betting is expected to increase the state’s profits by around $23 million annually. The accumulation of winnings will take care of the supervision of sports betting and then be committed to Kentucky’s permanent pension fund.
In addition, 2. 5% will help the Kentucky Problem Gambling Assistance Fund. The fund educates Kentuckians about safe gambling practices, the threats of facing a game challenge, the threat points and cautionary symptoms of game challenges, and the facilities that can be made to lessen the effect of challenge play.
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