Connect with us
SIS

Gambling in the USA

Kentucky introduces bill for legalising online poker and sports betting

Niji Narayan

Published

on

Kentucky introduces bill for legalising online poker and sports betting
Reading Time: < 1 minute

 

Kentucky’s Republican Rep. Adam Koenig, along with 14 other sponsors, has introduced HB 175. The bill proposes to legalise both sports betting and online poker in the state.

According to the bill, the lottery commission of the state would act as the regulatory body for the industry. Citizens above 18 will be eligible to play poker, and the revenue from poker would be charged at 6.75 per cent.

Sports betting revenues will have a tax rate of 10.25 per cent for in-person sports wagers and 14.25 per cent for online betting. Operators would need to apply for a sports betting license, which would cost $1 million.

Advertisement
NSoft at ICE2020

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.