It is currently not legal to bet on sports in Kentucky. If that changes, most popular professional sports leagues will be available for betting. Sports betting menus are different in every state, depending on what regulators approve. Neighboring sports betting in Indiana is allowed to accept online sports betting. Ohio sports betting is expected to accept legal sports betting in 2023. Kentucky is home to “The Run for the Roses”. The Kentucky Derby, the nation`s longest-running sporting event, has thrilled spectators since 1875. However, the wait for Kentuckians continues before they can legally access the best Kentucky Derby betting sites. Betting limits vary depending on the sports you bet on. In general, you can bet up to $5,000 on pages and $1,000 on parlays, totals, and teasers.
These limits are not terrible, but they sink even deeper for sports that have fewer followers. “I will continue to advocate for this,” Senate Majority Leader Damon Thayer told LEX 18. And we are a sport-mad state. A crazy state of sport. HB 606 will not be legalized in 2022 because the bill did not have enough Republican support in the Senate. KY will have to overcome some hurdles before sports betting can be legalized until at least 2024. Since there are no casinos in Bluegrass State, sports betting could be hosted at Kentucky`s five racetracks and Kentucky Speedway. Until Kentucky officially passes a sports bill, Kentuckians can play in neighboring states like West Virginia. Sports betting is legal in the coal miners` state. West Virginia sports betting offers many sports betting options.
Virginia doesn`t currently have land-based casinos, but many will open this year. Kentuckians have access to Virginia sports betting in the state. Esports betting is becoming increasingly popular in the United States, but is only available in a few countries. Kentucky has not clarified whether sports betting can offer eSports betting. Just over a year ago, Kentucky`s sports betting legislation passed a major unopposed legislative committee and appeared to be one of the most likely legalization candidates in the country. Two terms ended and a generational pandemic later, sports betting is still illegal in Kentucky and its future remains bleak. Kentucky residents have access to nearby legal markets while waiting for sports betting to be legalized. Kentucky is in the middle of several states that offer legal online sports betting, such as Illinois, Indiana, Tennessee, Virginia, and West Virginia offer mobile betting. Ohio will introduce online sports betting by 2023. Two major court decisions this year have changed the rules of the game for Kentucky`s already limited gambling options, potentially adding more variables to the state`s already precarious sportsbook hopes. There was some resistance to sports betting.
The Family Foundation has spoken out against previous legalization laws, stating that “sports betting in Kentucky is unconstitutional.” The group also believes that the “predatory gambling industry” would bring “social harm to Kentucky families.” Sports betting has its own language and terminology – favorites and underdogs, spreads and money lines, over/under and accessories, juice and vig and much more. All of this can be a bit overwhelming and intimidating for new betting enthusiasts, so check out our sports betting glossary for detailed definitions of all the major terms. While players cannot place legal horse racing bets on top horse betting sites, they can bet live on races at the racetrack or online using TwinSpires or TVG. Kentucky is surrounded by states that have already legalized sports betting, including Ohio, Indiana, Illinois, Tennessee, Virginia, and West Virginia, which are among more than thirty states that now have a regulated and taxed market that creates a new revenue stream that lawmakers can provide. After creating an account, adding money and claiming a bonus, it`s time to start betting. Make sure you familiarize yourself with your bookmaker and its terms and conditions before placing a bet. Usually, when new members sign up for a sports betting site, a lucrative sports welcome bonus awaits them. Our sports bets like XBet offer a 50% match bonus up to $500. BetOnline offers a sports welcome package worth up to $1,000. The gambling tax in Kentucky is relatively low and currently stands at 1.5% of the amount a bettor sets for slot machines. They also include an 18% tax on gross commissions, 8% of which goes to the Kentucky General Fund and 10% to the industry.
Outside of horse racing, Kentucky prohibits sports betting. However, if you sign up with one of our mentioned sports bets, you can bet on professional and global sports such as tennis and boxing. Rep. Adam Koenig`s bill would have legalized retail and online sports betting through racetracks and casinos, generating about $22.5 million in annual revenue for the state. Once legalized, Kentucky`s online sports betting will only be available within state borders. Sports betting operators must use geolocation and age verification software to confirm the location and identity of their users. All the exciting and rewarding action of NHL betting is available to Kentuckians. We highly recommend XBet placing your bets on the NHL through exact competitive accessories, NHL prizes and this year`s Stanley Cup winner. With mounting pressure, Kentucky lawmakers will try again to legalize sports betting in 2023. Almost every neighboring state has beaten KY, but that could be the motivation lawmakers need to pass a measure for 2023.
Their horse racing section is a standalone feature separate from major sports betting. One of their biggest events is the Kentucky Derby, which benefits from live streaming on the site. Coverage of several of the state`s top racetracks such as Churchill Downs, Kentucky Downs and Ellis Park is strong, but they don`t have the market coverage that BetOnline or BetUS have for “less profiled” meetings. The voluntary state offers limited sports betting options. Tennessee Sportsbook is online and mobile only. While Missiouri borders Kentucky, Missouri sports betting is currently not allowed to accept sports betting. No, sports betting is not legal in Kentucky. Residents will likely have to wait until 2024 before they can place online bets in KY. No.
Once legalized, anyone physically located in Kentucky will be able to bet on sports online.