Kentucky is known for having some extremely strict laws towards the gambling industry. Aside from horse race betting, there aren’t many legal options for residents here to make bets. Interestingly, one powerful state officials has begun calling for gambling options in Kentucky to expand.
It’s great news for fans of gambling here. Today, we’re going to look at Kentucky’s current set of gambling laws, and how these laws may change in the future. Let’s get started!
Kentucky’s Current Laws on Gambling
As we’ve already mentioned, Kentucky is known for having a strict set of laws on the gambling industry. Sports betting is currently banned here. It’s a shame, as this state is known for having one of the most passionate sporting fan bases in the country.
Kentucky is home to what’s described as “the most exciting two minutes in sports,” the Kentucky Derby. Horse racing has taken place here for decades and is one of the only legal forms of wagering in the state. There are several racing tracks in this state, all of which offer betting odds.
Casino gambling is prohibited in Kentucky. There are no land-based gambling venues here. Today, most people looking to try their luck in a casino head to nearby Missouri, Illinois, and Ohio, where casinos are perfectly legal.
Kentucky operates a state lottery. There are several bingo halls spread around the state that are legal and regulated, as well.
Online gambling is looked down upon by the state government, yet there are no laws that claim it’s illegal. Today, there are a huge number of great US casino websites available in Kentucky, many of which offer as many gambling options as the top land-based casinos in Las Vegas.
Now, a powerful state officials is calling for gambling laws here to change.
Governor Candidate Want Gambling Options in Kentucky to Expand
For months, several gambling advocates have pushed for Kentucky lawmakers to open the state’s casino and sports betting industry. Many believe that expanding the gambling options in Kentucky will help to bring the state millions in additional revenue every year. Sports betting legalization, in particular, is being looked at extremely closely right now.
With PASPA now gone, every state can set laws on the sports betting industry. 13 states have already launched sports betting platforms and six more are set to open sportsbooks in the next few months. Back in 2017, Senator Julian Carroll presented a 27-page bill to legalize sports betting in this state. It’s failed to make any progress since that time.
This week, Kentucky Attorney General Andy Beshear announced that he supports gambling expansion plans. Beshear is currently running for Governor of Kentucky. If elected, he claims, commercial casinos and sports betting will be made legal.
“Kentucky can’t afford to fall behind our neighboring states who are moving forward with the rest of the country on expanded gaming. We lose out on hundreds of millions of dollars a year,” he said. “As governor, I will work to legalize sports betting, casinos, fantasy sports and prepare for online poker, and use the revenue from these activities as a dedicated funding stream for our public pension system.”
Other Kentucky Officials Continue to Push Against Gambling Industry
It’s extremely exciting to see Beshear supporting the gambling industry. He realizes that more states are choosing to embrace gambling, rather than push against it. Unfortunately, not all state officials are onboard with gambling expansion plans.
Current Governor Matt Bevin has repeatedly stated that he’s against gambling. He believes gambling has a negative impact on families and communities. He’s brushing aside the massive potential for revenue gains.
Speaking of revenue, Andy Beshear believes that $1.7 billion in economic activity will be generated with gambling expansion. He also states that adding casinos and sports betting options will help get Kentucky out of its $33 million debt from their pension system.
The Kentucky gubernatorial election will take place on November 5th. At the moment, there are no betting odds available on the election. Those wishing to place other political wagers can head to Bovada, where odds on the upcoming presidential election are currently available.
If Beshear is elected, it’s extremely likely that gambling options in Kentucky will expand. Make sure to stay tuned for more updates to this state’s gambling laws over the next few months!