Kentucky General Assembly Forms Panel To Draft Sports Betting Legislation

Members from both the Republican and Democratic parties, as well as from both chambers of Kentucky’s General Assembly, have come together to form a panel that will be looking into drafting sports betting legislation, according to bizjournals.com. The nine-person panel will be tasked with the regulatory structure for “limited” sports betting in the state of Kentucky.

Projections indicate that sports betting could bring in between $5.5 and $26 million in new tax revenue for Kentucky. The state has historically been against casino gambling, but early indications are that it is more open toward sports betting possibilities after the Supreme Court’s action last month.

Gov. Matt Bevin said he wouldn’t dismiss a sports betting bill, as well.

Read more at bizjournals.com.

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