Home » Sports wagering licenses approved at meeting of KHRC

Sports wagering licenses approved at meeting of KHRC

LEXINGTON, Ky. — The Kentucky Horse Racing Commission (KHRC) voted to approve temporary licenses for sports wagering operators and service providers. A temporary license grants up to one year of operation in the state while under continued review. With the approval of these licenses, Kentucky bettors now know the retail facilities where they can place a sports wager and which mobile applications will be licensed in the state.

“We are excited to open sports wagering on our target date as we continue working through this careful process dedicated to wagering integrity and protecting bettors in Kentucky,” said KHRC Chairman Jonathan Rabinowitz.

Operator Licenses ApprovedThe following Kentucky racetracks and their satellite facilities were approved to open a sportsbook with a planned retail opening on Sept. 7:

  • 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

The following were approved, with facilities coming soon:

  • Derby City Gaming, coming soon to downtown Louisville
  • Ellis Park, coming soon to Owensboro
  • Sandy’s Gaming and Racing, coming soon to Ashland

Service Provider Licenses ApprovedThe KHRC also voted to approve temporary licenses for nine service providers. Eight will operate mobile applications in Kentucky. Kambi was approved as a service provider for retail operations and will not have a mobile application. The service providers licensed to operate a mobile sports wagering application starting Sept. 28 are:

  • Bet365
  • BetMGM
  • Caesars
  • Circa Sports
  • DraftKings
  • Fanatics
  • FanDuel
  • Penn Sports Interactive

After full implementation, sports wagering is expected to increase the state’s revenue by an estimated $23 million a year. The increase in revenue will support the oversight of sports wagering and then be dedicated to the Kentucky permanent pension fund. Additionally, 2.5% will support the problem gambling assistance account operated by the Cabinet for Health and Family Services.

House Bill 551 established a new excise tax on sports wagering: 9.75% on the adjusted gross revenues made at a licensed facility and 14.25% on wagers placed online or on a smartphone.

Timeline for ImplementationLast week, Gov. Beshear announced a timeline for sports wagering to open in Kentucky. That timeline now moves closer to full implementation. Key dates for Kentuckians to remember include:

  • Monday, Aug. 28, at 6 a.m. EDT: Kentuckians can pre-register an account with approved mobile applications. Allowing pre-registration eases strains on electronic systems that can sometimes happen when many people try to register at once.
  • Thursday, Sept. 7, at 6 a.m. EDT: Wagerers can deposit money into their pre-registered mobile accounts only with approved mobile applications.
  • Thursday, Sept. 7, at 10 a.m. EDT: Wagerers can place an in-person bet at licensed retail facilities.
  • Thursday, Sept. 28, at 6 a.m. EDT: Approved mobile applications can start taking wagers.

Kentucky chose a tiered implementation, which has been used in multiple states and allows for testing policies and procedures before the full rollout that includes mobile applications.

Sports Wagering Advisory CouncilOn Aug. 15, Gov. Beshear signed an executive order appointing Sports Wagering Advisory Council members. The council will advise the full commission and provide additional voices who have direct knowledge of the sports betting industry. Appointed members include:

  • Public Protection Cabinet Secretary Ray Perry
  • KHRC Deputy Executive Director Waqas Ahmed
  • KHRC Commissioner William May
  • KHRC Commissioner Tiffany Daniels
  • KHRC Commissioner James Edwin Worley
  • Jonathan Blue, At-large member
  • Joyce Merritt, At-large member

Commissioner May will serve as council chairperson.

For more information about sports wagering in Kentucky, visit KHRC.ky.gov.

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