Kentucky’s sportsbooks witness a stunning $250 million in wagers with over half a million accounts, as mobile sports betting leads the way.
The seven-member panel will advise the governor, state bodies, and the new regulator for sports betting, the Kentucky Horse Racing Commission (KHRC).
Tennessee replaces its unique 20% tax on adjusted gross gaming revenue with a 1.85% tax on handle, becoming the only US jurisdiction with this tax scheme.
“Multi-brand” strategy suggests DraftKings will keep Golden Nugget product in Michigan, New Jersey, and West Virginia. Expansions into Connecticut, Pennsylvania, and Ontario also possible.
Four federally recognized tribes will have a monopoly on mobile sports betting, but 10 licenses for retail sportsbooks will also be available under new legislation signed by Governor.
Bill would allow seven tribal and four commercial casinos to each have three skins for sports betting. It would also earmark 80% of tax revenue for incentives to lure pro sports teams to Kansas.
Maine bill would give each of four federally-recognized tribes a mobile sports betting license. 10 retail sportsbooks would be available to commercial tracks, casinos, and OTB facilities.
The AGA says action is needed against illegal offshore sites, which are growing in popularity faster than legal sites, continuing to confuse and mislead players and negatively impact communities.
There reportedly wasn’t enough support among the Republicans on a key Senate panel to advance HB 606. GOP support in the full Senate wasn’t there, either. Advocates vow to try again in 2023.
Legislation is read for a second time in the Senate but also remains in committee. Supporters are hopeful they can convince reluctant GOP conservatives to back HB 606 before April 14.
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