#Senate Committee

The news comes just as the Empire State marked its one-year anniversary of entering the U.S. legal online sports wagering market. New York ended its first year of legal sports betting by setting an all-time annual handle record of $16.2 billion, smashing past the previous yearly high of $10.9 billion set by New Jersey in 2021. The Empire…

Sports betting is yet again on the table in Kentucky this new year. A bill introduced Thursday in Frankfort wouldlegalize betting on sporting events.Should it pass, people in the state could bet on the NFL, NBA, MLB, PGA Tour, NASCAR, MLS, college sports, the Olympics and more options, as well as gamble on fantasy sports and poker. House Bill 106…

Image Source: Shutterstock.com House Bill 106 was introduced in the current legislative session on January 5. The bill received support from Kentucky State Representative in Lexington's 88th District, Cherlynn Stevenson, Newport's State Representative Rachel Roberts, and Derrick Graham, a dedicated House Representative since 2003. If it would be…

House Bill 106 was introduced on 5 January 2023 and sponsored by representatives Derrick Graham, Cherlynn Stevenson and Rachel Roberts. If passed, the bill would add twenty-six amendments to the current law and enact thirteen new sections related to online sports, poker and fantasy gambling. The bill would enable sports betting to be provided by…

Sports betting already generates billions of dollars annually and is expected to keep expanding. According to the American Gaming Association, sports betting generated an all-time high of $4.3 billion in revenue in 2021. Launching on January 8th, online sports betting in New York generated about $48m in net income and $24.6m in taxes for the state…