Kentucky Governor Andy Beshear reflects on economic boost of first year of legal sports betting
Monday 09 de September 2024 / 12:00
⏱ 1 min read
(Frankfort).- September 7 has marked the first anniversary of legalized sports betting in Kentucky. Governor Andy Beshear spoke on what the move has meant for the state's economy. It’s a safe bet to say Kentuckians have been enjoying legalized sports betting, with tax revenue being a huge buff to Kentucky’s economy as the first-anniversary approaches.
“The first year of sports betting was hugely successful and it exceeded all expectations,” Beshear said.
The governor addressed the economic boost from sports betting at his Thursday Team Kentucky update, running the numbers of what it brought to the state.
“For fiscal year 2024, sports wagering beat all odds by bringing in $37.2 million in revenue from sports wagering, taxes, and licensing fees. In July, driven by interest in the summer Olympics, the trend continued, generating an additional $2 million in state tax revenue and bringing us close to $40 million in revenue through July. With one year of data, we can see some initial trends,” Beshear said.
Those numbers don’t include what’s to come in the fall season, with both college and professional football on the minds of many.
“March wagering activity-obviously really good too. That’s driven by March Madness as well as the NHL and the NBA approaching their playoffs. Some positive trends in terms of revenue,” Beshear said.
While running through the numbers, the governor also spoke on the effectiveness of the problem gambling fund, saying the crucial data needed for that will come over time, along with even better numbers in revenue.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
AffPapa Conference Madrid 2026
18 de May 2026
"Industry Referees for a Day" Boosts Networking at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, held May 18–20 in Spain, SoloAzar once again embraced interactive formats that brought together executives, operators, affiliates, and suppliers from the online gaming industry. This year, the media outlet introduced “Industry Referees for a Day”—a social media video series inspired by soccer and refereeing. Sector leaders were invited to use red, yellow, and green cards to highlight practices that either benefit or harm the iGaming ecosystem, while also sparking fresh networking opportunities among attendees.
Wednesday 03 Jun 2026 / 12:00
Highlights of the AffPapa Conference Madrid 2026
(Madrid)-. From May 18–20, the AffPapa Conference at Novotel Madrid Center transformed the city into an industry hub, featuring side events, two days of discussions, and extensive networking.
Wednesday 03 Jun 2026 / 12:00
BeSoccer explains its participation in AffPapa Conference Madrid 2026
(Madrid, SoloAzar Exclusive).- In an interview with Cristina Cano Meneses, AdOps and Link Building Manager, and Lamin Sane García, Account Manager of BeSoccer, the company's representatives reviewed their participation in AffPapa Conference Madrid 2026, where the firm presented its advertising solutions and strengthened ties with operators, affiliates and strategic partners in the global iGaming and sports betting industry.
Monday 01 Jun 2026 / 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.
