KHRC approves temporary licences for sports betting operators

This enables retail facilities to start accepting bets as well as pave the way for licensed mobile applications to serve customers.

horse racing sports bet
Listen To Article

The Kentucky Horse Racing Commission (KHRC) has granted temporary licenses to operators and service providers involved in sports wagering.

In addition to the initial seven mobile applicants, Fanatics has been added to the list.

These licenses are valid for up to a year and allow operators to provide their services under ongoing review.

Governor Andy Beshear said: “Thank you to the KHRC commissioners for their dedication to getting this done right and getting it done in time for the opening of the NFL season.”

Jonathan Rabinowitz, KHRC Chairman, said: “We are excited to open sports wagering on our target date as we continue working through this careful process dedicated to wagering integrity and protecting bettors in the state of Kentucky.”

This KHRC's decision signifies a step toward introducing sports betting to Kentucky, providing clarity to local bettors. The temporary licenses enable retail facilities to start accepting bets as well as pave the way for licensed mobile applications to serve customers.

A range of Kentucky racetracks, including Churchill Downs, Derby City Gaming, Ellis Park and others, have secured approval to launch sportsbooks, with retail openings scheduled for 7 September.

The approval of temporary licenses aligns with the state's plan to generate an estimated revenue of $23m annually through sports wagering.

This revenue will contribute to overseeing sports wagering operations and will support the Kentucky permanent pension fund.

Furthermore, a portion will be dedicated to the problem gambling assistance account operated by the Cabinet for Health and Family Services.

The adoption of sports wagering is expected to follow a tiered approach, allowing for a gradual rollout of policies and procedures, similar to models adopted in other states.

Premium+ Connections
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Flutter
Galaxy Gaming
Churchill Downs Incorporated
Oddsworks
Follow Us

Global Gaming Awards Asia-Pacific: Going live

The Global Gaming Awards Asia-Pacific are set for their firs...

Preview: SiGMA Asia 2024

SiGMA’s annual Asia summit comes back to Manila – signif...

Company profile: Praxis Tech

Being payments ready in Asia - A call to action for iGaming...