In the latest sports betting news, Kentucky sports betting goes live on September 7, and residents are excited to place their wagers on baseball, football, and other sports. If you want to be a bookie, this is the perfect time to enter the market like Kentucky is doing. We are now in Week 1 of the NFL regular season, meaning, sportsbooks across the country will start to pick up as football season begins.
However, using your PPH Bookie software will give you an advantage in terms of sports betting. Why? Because currently, Kentucky residents can only place wagers in retail betting areas. Kentucky being Kentucky, most betting areas are in horse tracks across the states.
The Bluegrass state allows wagering at facilities like the legendary Churchill Downs in Louisville. People can also go to Ellis Park, The Red Mile, Derby City Gaming, The Mint Gaming Hall Cumberland Run, The Newport Racing and Gaming, the Oak Grove Gaming and Racing, and the Turfway Park.
Kentucky Sports Betting Goes Live
Everyone in the industry knows that getting a good bookie pay per head provider to open an online sportsbook is a logical and practical strategy. After all, online sports betting still dominates as more people across the country prefer the convenience of betting online. Kentucky also knows this, as online sports betting is also legal in the state.
However, online wagering in Kentucky is still not allowed, at least until September 26. To avoid any potential issues, residents can actually visit the licensed online sportsbooks. But they can only pre-register for an account. This started back in August 28, so residents have a month to pick their preferred sportsbook.
Kentucky is expecting to see around $23 million in tax revenue for the state each year. This will come from a 9.75% tax on retail betting, and 14.25% on online wagering. Given what we have been seeing with neighboring states, it is possible to generate that much income for the state.