Kentucky Governor Andy Beshear reflects on economic boost of first year of legal sports betting
Monday 09 de September 2024 / 12:00
2 minutos de lectura
(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
G2E - Las Vegas 2025
06 de October 2025
Air Dice Unveils 10 New Game Innovations at G2E 2025, Showcasing Volatility Control and Shifter™ Mechanics
(Las Vegas, SoloAzar Exclusive).- At G2E 2025, Air Dice made a strong impression with the debut of ten new game releases and upcoming titles. Erkki Nikunen, Partner and CBDO, highlighted the company’s focus on player-driven features. With a winter-themed “Nord Legends” booth and growing interest from sweepstakes operators, Air Dice reinforced its position as a creative force in regulated markets and Dice Placement games worldwide.
Thursday 16 Oct 2025 / 12:00
Zitro Delivers Its Most Spectacular Showcase Yet at G2E Las Vegas 2025
(Madrid).- Zitro Unveils FANTASY Cabinet and Expands Game Portfolio at G2E Las Vegas 2025.
Thursday 16 Oct 2025 / 12:00
Merkur Group Strengthens United States Presence with Successful G2E 2025 Showcase
(Lübbecke/Las Vegas).- Merkur Group marked a standout appearance at the Global Gaming Expo (G2E), attracting high visitor numbers and strong interest in its portfolio. The German gaming specialist reinforces its position in North America, presenting its extensive product range to industry professionals from around the world.
Wednesday 15 Oct 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.