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
iGaming Club Conference Cancun
24 de November 2025
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
iGaming Club Conference Cancun 2025 debuts this week centered around the LatAm scene
(Cancún, SoloAzar Exclusive).- From November 24 to 26, the iGaming Club Conference Cancun will deliver two intensive days of networking and panel discussions, gathering nearly 400 participants including affiliates, operators, and B2B providers.
Tuesday 25 Nov 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.