First two months of sports betting in Kentucky generates millions in tax revenue
2 minutos de lectura
(Kentucky).- Sports betting in Kentucky generated millions in tax dollars revenue. According to Governor Andy Beshear: “Initial numbers indicate the state brought in nearly $8 million in tax dollars for the first two months of sports wagering”.
Director of Sports Wagering Hans Stokke gave the official report in a Horse Racing Commission meeting Monday morning.
“The total year-to-date sports wagering excise tax collected is $7,940,753,” said Stokke. “Preliminary reporting for November shows this trend continuing as Kentucky patrons wagered more than $260 million, with a peak activity occurring through the Thanksgiving holiday, which generated a $73 million total handle.”
In the other hand, Governor Beshear said: “Those dollars are staying right here in Kentucky, where they help us build a brighter future for all of our people."
Specifically, Governor Beshear says the tax revenue will support the oversight of sports wagering, establish a problem gambling fund, and primarily help Kentucky’s pension systems.
“We’re in the heart of the NFL season, getting ready for the playoff push, getting ready for bowl games as well on the college side and ultimately the Super Bowl. This is going to be the peak time where sports betting is going to ramp up,” said Steve Bittenbender, writer and analyst for a local media.
Bittenbender says sports betting will likely slow down once football ends, but we’ll see those numbers back up in March with the NCAA Tournament. Overall, though, he expects Kentucky sports betting to continue to grow over time.
“What we’ve seen in other states is a gradual uptick. We’ve what we’ve seen in Indiana over time. That’s what we’ve seen in Tennessee. I think as long as, you know, everything stays around the same, then we should expect, you know, those sports betting numbers to go up some, you know, for, you know, for the next few years, as more people get interested and engaged in the sports betting products here in the state,” said Bittenbender.
By Samantha Valentino
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SBC Summit 2025
16 de September 2025
Sportradar at SBC Summit Lisbon 2025: AI, Integrity, and Brazil’s Rising Influence in Global Gaming
(Lisbon, SoloAzar Exclusive).- Fernando Mora, Senior Sales Executive at Sportradar, reflects on a milestone presence at SBC Summit Lisbon 2025, where innovation, responsible growth, and Brazil’s emergence took center stage. Discover how Sportradar is shaping the future of sports betting through AI-driven solutions and global partnerships.
Thursday 02 Oct 2025 / 12:00
ProntoPaga Strengthens Its Position at SBC Summit Lisboa as a Leader in Digital Payments for iGaming in Latam
(Lisbon, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, shared the company’s achievements and progress during SBC Summit Lisboa 2025, where they reached a record number of strategic meetings. The team presented their 360° solution for the iGaming ecosystem, highlighted their leadership in local payments and instant payouts, and outlined the tech trends set to shape the future of the sector in Latin America.
Wednesday 01 Oct 2025 / 12:00
Amusnet Showcases Innovation and Social Commitment at SBC Summit 2025
(Sofia).- Amusnet left a strong mark at this year’s SBC Summit Lisbon, held September 16–18, where the company served as Premium Sponsor of the major industry event. The all-casino solutions provider presented its growing portfolio to more than 30,000 professionals, while also using the platform to highlight its international expansion strategy and commitment to corporate social responsibility.
Tuesday 30 Sep 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.