Kentucky Approves Multiple Sports Betting Licenses for Gambling Operators
Kentucky is just a few days away from offering legal sports betting within its borders on September 7. In the meanwhile, the clock is ticking as the Kentucky Horse Racing Commission (KHRC) prepares to launch sports betting. Thus, to make the deadline, Kentucky Approves Sports Betting Licenses for sports gambling operators.
According to gambling blogs, Sports Betting in Kentucky became legal in March of 2023 after getting a majority vote. Since then, the KHRC has been working hard accepting application and reviewing application for physical and online sportsbook licenses. Last Tuesday, the KHRC had a meeting to approve temporary licenses for sports wagering operators and service providers.
The temporary Kentucky sports betting license is good for up to one year of operation within the state. However, temporary license holders will have to continuously undergo reviews during that period of time.
During the meeting, 9 Kentucky racetracks and their satellite facilities got the approval to open a sportsbook. The successful racetracks that got a license are:
- Churchill Downs, Louisville
- Derby City Gaming, Louisville
- Ellis Park, Henderson
- The Mint Gaming Hall Cumberland Run, Corbin
- The Mint Gaming Hall Cumberland, Williamsburg
- Newport Racing and Gaming, Newport
- Oak Grove Gaming and Racing, Oak Grove
- The Red Mile, Lexington
- Turfway Park, Florence
In addition, the sports gambling operator licenses were given to 3 facilities that will soon open. These are Derby City Gaming in Louisville; Ellis Park in Owensboro; and Sandy’s Gaming and Racing in Ashland.
Kentucky Approves Multiple Sports Betting Licenses in Time for the September Launch
Kentucky Governor, Andy Beshear, was happy with the results and gave a lot of praise to the KHRC. He said t “Thank you to the KHRC commissioners for their dedication to getting this done right.” Therefore, sports wagering will be available in time for the start of the NFL season on September 7.
In addition, the KHRC had a vote to approve temporary license for sports betting providers. These license holders are the one to provide sports betting software, betting platforms and other services to sportsbook in Kentucky.
Online sports betting will be available on September 28 with pre-registration for online accounts starting next week.
On another note, the KHCR also gave its approval for a new Sports Wagering Advisory Council. Thus, this council would be the one that would advise them on anything that relates to sports betting. Members of this council include, Kentucky Public Protection cabinet secretary Ray Perry, KHRC deputy executive snd director Waqas Ahmed.