Sports betting will officially launch online in Kentucky on September 7, and the seven licensed racetracks have already sent in applications to open retail facilities.
The Republican-dominated legislature gave the state’s horse racing companies, led by the Kentucky Horse Racing Commission, exclusive rights to operate in-person sportsbooks at their tracks and their casino-like historical gaming facilities, such as Derby City Gaming in Louisville. Online and app-based platforms like FanDuel and BetMGM can also operate in the state if they reach a revenue-sharing deal with one of the horse tracks.
The state said in a news release Thursday that the following racetracks have applied to open sports wagering facilities when in-person betting begins September 28:
Churchill Downs, Louisville
Cumberland Run, Corbin
Ellis Park, Henderson
Oak Grove Gaming and Racing, Oak Grove
The Red Mile, Lexington
Sandy’s Gaming and Racing, Ashland
Turfway Park, Florence
Additionally, seven mobile service providers have applied:
Bet365
BetMGM
Caesars
Circa
DraftKings
FanDuel
Penn Sports Interactive
Kentucky Horse Racing Commission will review the applications and vote on them August 22. Kentucky is estimated to reap around $23 million in yearly tax revenue from sports betting.
Source: WDRB
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