Kentucky Sports Betting Launch: Sign Up & Get Up to $5,815

By Daniel Smyth | Fact Checked By: Larry Henry | Last Updated: September 28, 2023

Kentucky sports betting is officially live! KY Bettors can sign up and place bets on their favorite sports, starting with football! With tonight's TNF game Lions vs. Packers, there's plenty of action to get involved in! The most notorious Kentucky sportsbooks are now accepting players and bets on any games including Lions vs. Packers. BetMGM, DraftKings, Caesars, FanDuel and Bet365 are amongst the top KY sportsbooks accepting players.

Register & Claim The Best Kentucky Sports Betting Launch Day Offers at these 5 KY Sportsbooks!

Launch offers have been rolled out by 5 out of the 8 approved sportsbooks so far.

Here's a quick overview of each offer:

Bet365 KY - Bet $1, Get $365
Caesars KY - Bet $50, Get $250 (code GAMBLINGGET)
DraftKings KY - Bet $5, Get $200
FanDuel KY - Bet $5, Get $200
FanDuel KY - Up to $5,000 No Sweat Bet

Sports Betting in Kentucky: Quick Overview

🏆 Online Sports Betting Status:	LIVE!
🗓️ Mobile Betting Launch Date:	September 28, 2023
📱 KY Betting Apps LIVE:	Bet365, BetMGM, Caesars, DraftKings, FanDuel, Bet365
📍 Retail Sports Betting:	Full Launch on September 7, 2023
👥 Legal Gambling Age:	21+
⚖️ KY Regulator:	Kentucky Horse Racing Commission

Full List of Approved Kentucky Sportsbooks:

Bet365
BetMGM
Caesars
Circa
DraftKings
Fanatics
FanDuel
Penn Sports Interactive (Formerly, Barstool Sportsbook)

Other KY sportsbooks potentially applying for a license from the KHRC:

BetRivers
Hard Rock
WynnBET
BetR
Betway
Pointsbet
Twinspires
Tipico

Latest Sports Betting Kentucky News & Updates

Updated Sept. 28, 2023

With mobile and in-person sports betting now legal in Kentucky, permanent residents and people visiting the state can wager on pro and college sports, among other sporting events. Bettors have a variety of wagering options, including single-game straight bets, moneyline bets, prop bets, parlays, over-under bets, in-game wagering and more.

Updated Sept. 26, 2023

When mobile sports betting begins Thursday, Kentuckians will be able use their cellphones to wager on traditional sports such as football and basketball, but also on less high-profile contests such as professional cornhole, snooker and sailing. More than 100 sporting events will be available to bettors.

Updated Sept. 25, 2023

With more than 60,000 accounts already preregistered, mobile sports betting begins legally in Kentucky on Thursday. Bettors can download the following apps on their mobile phones to start placing legal wagers on that day: bet365, BetMGM, Barstool, Caesars, DraftKings, FanDuel and Fanatics.

Updated Sept. 21, 2023

Since the Sept. 7 launch of in-person sports betting, $4.5 million has been wagered at brick-and-mortar sportsbooks, Gov. Andy Beshear says. Mobile sports betting begins statewide on Sept. 28.

Updated Sept. 12, 2023

With in-person sports wagering already underway at horse tracks in the state, mobile betting begins Sept. 28. That means bettors can use a cellphone or computer to wager on the Kentucky Wildcats' Sept. 30 SEC home game against Florida and the Oct. 1 NFL game in Nashville between the Tennessee Titans and Cincinnati Bengals.

Updated Sept. 7, 2023

Kentucky Gov. Andy Beshear is scheduled to be at Churchill Downs in Louisville to place Kentucky's first legal sports bet today at 10 a.m. ET. Lt. Governor Jacqueline Coleman and Senate Majority Leader Damon Thayer are at Red Mile in Lexington to place bets. Mobile sports betting begins Sept. 28.

Updated Aug. 31, 2023

The Kentucky Sports Wagering Advisory Council approved a list of sports for betting, awaiting the Kentucky Horse Racing Commission's final nod. Major sports are included, but events like the Academy Awards and sports like pickleball aren't on the list. However, options might expand by mobile betting's start on Sept. 28, said Hans Stokke, director of sports wagering.

Updated Aug. 28, 2023

Kentuckians can now preregister for mobile sports betting, launching on Sept. 28. Some providers will start accepting preregistrations later, but many began today. Approved operators include Bet365, BetMGM, DraftKings, FanDuel, and others. Governor Beshear highlighted the move reduces potential system overloads. In related news, in-person betting at horse tracks starts next Thursday, coinciding with the NFL season opener featuring the Kansas City Chiefs and Detroit Lions.

Updated Aug. 24, 2023

The Kentucky Wildcats' 2023-24 basketball schedule includes major matchups with teams like Kansas Jayhawks, North Carolina Tar Heels, and Gonzaga Bulldogs. Complete schedule releasing soon.

Top 6 KY Online Sportsbooks Live as of Today September 28

1. Caesars Sportsbook Kentucky: Bet $50, Get $250 in Bonus Bets!

Caesars Sportsbook, a prominent global brand, operates legally in states with online sports betting and boasts a generous welcome bonus and extensive sports market coverage. And for Kentucky, Caesars has crafted an offer that not only provides an immediate bonus but also ensures you have something to look forward to for the next month. Here's a breakdown:

Sign Up: Register on Caesars Kentucky using the promo code GAMBLINGGET.
Deposit & Bet: Make a minimum deposit of $50 and place your first bet of the same amount.
Immediate Bonus: After your initial $50 cash wager settles, you'll receive a $50 bonus.
Weekly Bonuses: For the next four Mondays, you'll be credited with an additional $50, turning your sports betting experience into a month-long event.
Usage: Each of the $50 bonuses must be used within 7 days of receiving them.

Example: Bet $50 on the Lions vs. Packers. Once your bet settles, you get a $50 bonus. Then, enjoy an additional $50 bonus every Monday for the next month!

Quick Facts about Caesars Kentucky:

Eligibility Age: TBA
Pre-Launch Offerr: TBA (Not Live)
Expected GO LIVE Offer: TBA
Top Features: Wide-ranging betting markets, user-friendly interface, Caesars Rewards program, streamlined same-game parlay syste
Payments: Deposits via Visa, Mastercard, PayPal, ACH, Play+, PayNearMe, and Online Banking.
User Experience: Swift and easy platform navigation across various markets.
Withdrawal Time: Withdrawals through PayPal, ACH, Play+, and Online Banking within 1-5 working days.
Mobile App Rating: iOS rating of 4.6 and an Android rating of 4.2.
In-Depth Review: Caesars KY Sportsbook

2. BetMGM Sportsbook Kentucky: Bet $10, Get $200 in Bonus Bets OR First Bet Offer up to $1,500

BetMGM Sportsbook is expected to make waves in online Kentucky sports betting. The ‘King of Sportsbooks’ operates in numerous states across the U.S. and is known for offering an effortless user experience, competitive odds, and diverse betting options. BetMGM is giving early birds $100 in bonus bets.

BetMGM Kentucky Offering TWO Welcome Bonuses for New Players to Choose From:

1.Bet $10, Get $200 in Bonus Bets

Promo Code: GAMBLINGFB200

How it Works:

Sign Up & Deposit: Register with BetMGM Kentucky and make a minimum deposit of $10.
Place Your Bet: Wager at least $10 on any sport.
Get Your Bonus: Regardless of the outcome of your bet, you'll receive $200 in bonus bets, split into four $50 bets.

Key Points:

This offer is exclusive to new users aged 21 and above.
You cannot combine this offer with the $1,500 first bet offer.
Bonus bets are credited within 24 hours and must be used within 7 days.
Restrictions apply to how and where you can use the bonus bets.

To claim this offer, click on the banner below:

Established 2018

BetMGM Sportsbook Bonus

Bet $10, Get $200 in Bonus Bets Instantly
Promo Code: GAMBLINGFB200

Bet Now

Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV, NY or ON.

2.First Bet Offer up to $1,500

Promo Code: GAMBLINGCOM

How it Works:

Sign Up & Deposit: Create an account with BetMGM Kentucky and deposit at least $10.
Place Your First Bet: Make your initial wager. If it loses, you'll receive bonus bet credits up to $1,500, depending on the amount of your qualifying bet.

Key Points:

This offer is for new users aged 21 and above.
You cannot combine this offer with the Bet $10, Get $200 in Bonus Bets promotion.
The bonus is structured based on the amount of your qualifying bet. For instance, a losing bet of $1,500 will earn you five $300 bonus bets.
Bonus bets are credited within 24 hours of a losing qualifying bet and must be used within 7 days.
Restrictions apply to how and where you can use the bonus bets.

To claim this offer, click on the banner below:

Established 2018

BetMGM Sportsbook Bonus

First Bet Offer Up To $1,500
Bonus Code: GAMBLINGCOM

Bet Now

Quick Facts about BetMGM Kentucky:

Eligibility Age: 21+
Best Features: Live streaming of European sports, MGM loyalty program, integrated easy parlay builder in the app, regular odds boosts and daily promotions.
MGM Rewards: Earn points for wagers to redeem online or at MGM Resorts.
Payment Options: Multiple methods available including Visa, Mastercard, PayPal, and Play+. Withdrawals process within 1-4 days.
Betting Choices: Wide range of professional and college sports.
Mobile App: Ratings: iOS (4.8), Android (4.5).
User Experience: Seamless, intuitive design on both desktop and mobile platforms.
Customer Service: Potential slower response time compared to competitors.
In-Depth Review: BetMGM Kentucky Sportsbook

3. FanDuel Sportsbook Kentucky: Bet $5 Get $200 in Bonus Bets OR A $5,000 NO SWEAT First Bet

FanDuel sportsbook is celebrated for competitive odds and varied promotions for both newcomers and regular bettors. As part of its launch, FanDuel is also giving bettors the possibility to choose between two amazing offers: Bet $5 Get $200 in Bonus Bets OR A $5,000 NO SWEAT First Bet. Just like BetMGM, FanDuel is giving players the option to choose between these two offers, but not to claim both.

Here's a breakdown of each offer below:

Primary Offer: Bet $5, Get $200 in Bonus Bets

Ideal for those new to betting. Deposit and place a bet of at least $5 and receive $200 in bonus bets. Remember, bonus funds are not applicable for this promotion, and there's a limit of one promotional bonus per individual.

Secondary Offer: $5,000 No Sweat First Bets

For the high rollers! New users can place their first bet with confidence, knowing that if it doesn't win, they'll be refunded up to $5,000. If the bet wins, they collect their winnings as usual.

To claim either of these offers, new users need to:

Download the App: Access the FanDuel website and download the app.
Sign Up: Register for a new FanDuel Kentucky Sportsbook account. NO PROMO CODE NEEDED.
Opt-In: Choose the offer that best suits your betting strategy.
Deposit: Ensure you meet the minimum deposit requirement for your chosen offer.
Place Your Bet: Make your first real-money wager.

Click on the banner below to start your signing up process!

Established 2009

FanDuel Sportsbook Bonus

Bet $5, Get $200 in Bonus Bets

Bet Now

Must be 21+ and present in KY. Bonus issued in non-withdrawable bonus bets that expires 30 days after FanDuel accepts its first real money sports wager in KY (9/28). Unique user identity verification required. Offer ends on the Go Live Date. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER.

Quick Facts about FanDuel Kentucky:

Eligibility Age: 21+
Best Features: excellent user experience, intuitive app, live streaming, competitive odds, and regular promotions.
User Experience: Intuitive app navigation with hundreds of sports markets
Payment: Instant deposits through various means. Note: No card withdrawals; only e-wallets, online banking, or prepaid cards
Withdrawal Time: Up to five days, based on method
Betting Options: Extensive sports selection with competitive odds
Promos & Bonuses: Regular offers, odds boosts, and daily specials
Mobile App Ratings: 4.8 on Apple and 4.7 on Google Play
In-Depth Review: Fanduel KY Sportsbook

4. DraftKings Sportsbook Kentucky: Bet $5, Get $200 in Bonus Bets AND 25% Deposit Match Up to $1,000

draftkings kentucky sportsbook website homepage

A top-tier online sportsbook, DraftKings Kentucky boasts tempting odds for major domestic leagues and diverse betting options. DraftKings is coffering new bettors $200 in Bonus Bets + 25% Deposit Match Up to $1,000! Contrary to BetMGM, players can claim both of these offers when signining up at DraftKings. Here's a breakdown of each offer below:

Primary Offer: "Bet $5, Get $200"

Promo Code: NONE NEEDED

Eligibility: New users only.
How to Claim:
- Register as a new user on DraftKings Sportsbook.
- Ensure you're physically located in Kentucky and are 18 years or older.
- Deposit a minimum of $5.
- Place a bet of at least $5.
- Get $200 as eight $25 bonus bets.

Secondary Offer: "25% Deposit Match Up to $1,000"

Promo Code: NONE NEEDED

Eligibility: New players in Kentucky.
How to Claim:
- Sign up and make a deposit.
- Receive a 20% bonus on your deposit, up to $1,000 in DK Dollars.

To claim both offers, click on the banner below!

Established 2012

DraftKings Sportsbook Bonus

Bet $5, Get $200 in Bonus Bets Instantly

Bet Now

Must be 21+ and present in KY. Gambling Problem? Call 1-800-GAMBLER.

Quick Facts about DraftKings Kentucky:

Eligibility Age: 18+
Best Features: live streaming, social betting, free pools for non-monetary sports engagement, single wallet for sports betting, DFS, and horse racing, same-game parlay boost for enhanced 4-leg parlay odds
DraftKings Rewards: Earn points with the Dynasty Rewards program
User Experience: User-friendly design across platforms, Intuitive interface with exciting promotions
Payment Options: Multiple deposit methods
Withdrawal Time: Withdrawals process within 1-5 days (excluding card withdrawals)
Betting Choices: Wide range from pro sports to the Kentucky Derby via the DK Horse app
Mobile App Ratings: iOS (4.8), Android (4.7)
In-Depth Review: DraftKings sportsbook Kentucky

5. Bet365 Sportsbook Kentucky: Bet $1, Get $365

Bet365 stands as one of the global leaders in online sports betting, renowned for its vast betting options and top-tier live streaming services. With its user-friendly platform and a plethora of promotions, it offers an unparalleled betting experience for Kentucky residents.

Bet365 Welcome Offer: "Bet $1, Get $365"

Promo Code: GAMBLING

Eligibility: New users only.

How to Claim:

Click on the provided link or banner to go to the Bet365 website.
Register for a new account.
Deposit a minimum of $10.
Place a bet of $1 at odds of -500 or greater.
Receive $365 in bonus bets.

Established 2001

Bet365 Sportsbook Bonus

Bet $1, Get $365 in Bonus Bets
Promo Code: GAMBLING

Bet Now

Bet $1 and Get $365 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. T&Cs, time limits and exclusions apply. Must be 21+. Gambling problem? Call 1-800-GAMBLER

Quick Facts about Bet365 Kentucky:

Eligibility Age: 18
Best Features: Live streaming of European sports, Ultra-competitive live betting odds, and Early cash out feature.
User Experience: Offers an incredible range of betting choices, frequent promotions, and a simple-to-use app.
Payments: Mastercard, Visa, PayPal, Neteller, Play+, PayNearMe, Online banking
Withdrawal Times: PayPal (1 day), Neteller (1 day), Online banking (1-5 days), Play+ (1 day)
Betting Choices: Over 20 sports to bet on, including popular leagues like NFL, NBA, MLB, and NHL.
Mobile App Rating: Apple App Store Rating: 4.7, Play Store: 4.5.
In-Depth Review: Bet365 Sportsbook Kentucky

6. ESPN Bet Sportsbook Kentucky (Formerly Barstool)

There’s been a lot of news surrounding ESPN Bet & Barstool in the past few weeks. Many bettors were expecting Barstool to make its debut in Kentucky but in an interesting change of events, Penn Interactive sold the Brand name back to its original owner after purchasing it earlier this year, and instead teamed up with ESPN to create ESPN Bet Sportsbook.

Here’s a quick rundown of what went down:

Barstool & PENN's Alliance: In 2020, PENN Entertainment partnered with Barstool, a leading sports media brand, to tap into its vast fanbase and promote sports betting.
Barstool Sportsbook's Rise: Backed by PENN, Barstool Sportsbook quickly became a favorite in the betting world, thanks to its unique branding and loyal followers.
Shifting Strategies: As the industry evolved, PENN re-evaluated its partnerships, leading to a decision to separate from the Barstool brand.
Barstool's Independence: PENN sold the Barstool brand back to its founder, Dave Portnoy, allowing Barstool to refocus on its core content mission.
PENN's New Quest: Post-Barstool, PENN sought a new partner for its sportsbook, aiming for a reputable name in sports.
ESPN Steps In: ESPN, a sports broadcasting titan, joined forces with PENN, eyeing the sports betting arena.
ESPN Bet's Debut: The collaboration birthed ESPN Bet, blending ESPN's sports insights with PENN's betting expertise.

So fast forward to today, ESPN Bet Sportsbook is under way to launch in Kentucky, and most likely in other States where sports betting is legal. However, ESPN Bet’s got a bit of work to do before it can be ready to launch. The operator has not shared any potential dates as of yet, but chances are it might not be ready in time for the mobile betting launch in September.

Having said that, it should be going live by the end of the year. The operator is promising top-notch sports analysis, expert betting advice, and a user-friendly experience, enriched by exclusive ESPN content and talent - and we’re looking forward to it. In the meantime, you can check out our detailed ESPN Bet Kentucky review to get more information on what we can expect from this sportsbook.

Types of Kentucky Sports Betting Bonuses

Sports bettors enjoy promotional offers, and Kentucky players will inherit the same privilege with the launch of the legal online sports betting market. Operators provide different types of bonus deals with specific wagering requirements. Here are some of the most popular Kentucky sporstsbook betting promotions that will become available for residents:

Sign-Up Bonuses for Kentucky Betting Sites
Typical welcome offers include a bonus bet, where bettors open an account, deposit, and get insurance on their first bet. Top sportsbooks may match the initial bet up to $1,000.
Pre-Launch Offers in KY
Kentucky sportsbooks are likely to offer special bonuses for early sign-ups, featuring unique codes and sizable deposit matches or no-deposit boosts.
Bonus Bets
Bonus bets are promotional offers provided by sportsbooks to entice new customers or reward loyal bettors. They allow users to place a bet without using their own money, essentially giving them a chance to win without any risk.
Events Promotions
Sportsbooks keep a promo calendar for big annual events, which receive special offers. The Super Bowl is one such example, commemorated with dedicated bonuses that have a large deposit match promo or free bet offers, all with relaxed wagering requirements. Similar promo treatment gets reserved for NBA playoffs, March Madness, World Cup, and Olympic events.

How to Sign Up at KY Online Sports Betting Sites

Choose a Reputable Site: Begin by selecting a trusted sportsbook. Opt for Kentucky sports betting sites with positive reviews, proper licensing, and a user-friendly interface.
Visit the Registration Page: Navigate to the sportsbook's website or app and click on the "Sign Up" or "Register" button.
Provide Personal Details:
- Basic Information: Name, date of birth, and address.
- Contact Details: Email and phone number.
- Social Security Number (SSN): Many US sportsbooks require the last four digits of your SSN to verify your identity.
Additional Details: Some sites might ask for occupation or income source to ensure responsible gambling.
Set Up Security Details: Choose a unique username and a strong password. Some sites may also ask security questions for added protection.
Enter Promo Codes: In some cases, you may need to enter a promo code to claim your bonus. If a promo code is available, make sure to input the code during registration to claim special offers.
Verify Your Account:
- Email Verification: Sportsbooks often send a verification link to your email. Click on it to confirm your account.
- Document Verification: You might be asked to provide a copy of a government-issued ID (like a driver's license or passport) and a utility bill or bank statement as proof of address.
- Mobile Verification: Some sites send a code to your phone for added security
Deposit Funds: Go to the "Deposit" section, select a payment method, and add funds to start betting.
Begin Betting: With your account set up and funded, explore the sportsbook and place bets on your preferred sports.
Stay Updated: Regularly visit the promotions or offers section to maximize bonuses and boosts.

Betting on the NFL Season in Kentucky

Kentucky sports betting couldn’t come at a better time. In just a few weeks, bettors in the Bluegrass State will be able to place bets on the NFL amongst many other sports

They will also be able to engage in live betting, and experience the thrill of in-game wagers as the action unfolds on the field.

Moreover, bettors will be able to benefit from various NFL Betting Promotions ranging from bonus bets to deposit match bonuses. Many sportsbooks roll out special bonuses and odds boosts, especially during key NFL events like the Super Bowl.

Plus, once the state officially launches, early birds will be able to get access and use their previously claimed pre-registration bonuses such as bonus bets or, in FanDuel’s case, be able to use their $100 discount on the NFL Sunday Ticket!

Exciting Upcoming NFL Games:

Here’s just a few games we know Kentucky sports bettors are looking forward to:

Cincinnati Bengals vs. Cleveland Browns: A classic AFC North rivalry, the Bengals face off against the Browns. Both teams are eager to assert their dominance in the division.
Tennessee Titans vs. New Orleans Saints: The Titans, with their powerful running game, will challenge the Saints. It's a clash of offensive strategies that promises fireworks.
Indianapolis Colts vs. Jacksonville Jaguars: The Colts and Jaguars renew their AFC South rivalry. With both teams having young talents, this game could be a glimpse into the division's future.

Benefits of Using Legal Sports Betting Sites:

Safety & Security:
Legal sites are regulated by state authorities, ensuring that your personal and financial information is secure.
Consumer Protection
In case of disputes, bettors have legal recourse. Regulated sites are held to high standards of fairness and transparency.
Guaranteed Payouts
Legal online sports betting sites are financially stable and have a legal obligation to pay out winnings.
Support for Problem Gambling
Regulated sites often offer tools for self-exclusion, deposit limits, and support for problem gamblers.
Economic Benefits
Tax revenue from legal sports betting supports public services and infrastructure.

Bet Types in Kentucky

Moneyline: A straightforward bet on which team or player will win.
Point Spread: Betting on the margin of victory.
Over/Under: Wagering on the combined score of both teams.
Parlays: A single bet linking two or more individual wagers.
Props: Bets on specific events within a game, like which player will score first.
Futures: Bets on events that will happen in the future, like who will win the championship.

These are just a few of the betting options expected to be available in Kentucky. As the launch date approaches, we'll have more information on the specific offerings of each sportsbook. Stay tuned for updates!

The Role of the Kentucky Horse Racing Commission (KHRC)

The Kentucky Horse Racing Commission (KHRC) is responsible for regulating horse racing in the state. With the introduction of sports betting in Kentucky, the KHRC's role has expanded to include:

Licensing: Issuing licenses to sports betting operators.
Monitoring: Overseeing sportsbook operations to ensure compliance with state regulations.
Consumer Protection: Addressing bettor disputes and ensuring fair treatment.
Promoting Responsible Gambling: Ensuring operators provide resources for problem gamblers.
Maintaining Integrity: Preventing fraudulent activities and match-fixing in sports betting.

Horse Racing Tracks Partnerships With Mobile Sportsbooks

Kentucky's HB 551 law uniquely positions its nine horse racing tracks as retail sports wagering facilities locations, granting them exclusive rights for sports betting licenses. This setup paves the way for multiple potential partnerships, with tracks allowed three online partners each. As a result, KY online sportsbooks could number up to 27. This strategic approach ensures the state's vital horse racing industry benefits directly from the betting revenue.

Here is the latest list of retail sports betting locations approved in Kentucky:

Service Provider	Partnering Track	Type of Partnership
Caesars	The Red Mile	Retail and Mobile
Kambi	Churchill Downs Churchill Downs’ satellite location, Derby City Gaming Ellis Park Henderson Turfway Park Oak Grove	Retail
Fanatics	Oak Grove	Mobile
Fanduel	Turfway Park, and its satellite location, Newport Racing and Gaming	Mobile
DraftKings	Cumberland Run and its satellite location	Retail and Mobile
Penn Sports Interactive BetMGM	Ellis Park Henderson and Owensboro	Mobile
Betmgm	Sandy’s Gaming and Racing	Retail and Mobile
Circa Sports	Cumberland Run and its satellite location	Mobile
Bet365	Sandy’s Gaming and Racing	Mobile

Top 5 Kentucky Sports Teams to Bet On

Kentucky might not have a professional sports team, but it has a proud tradition of college teams with championship pedigrees. A few of the more popular college sports teams which can be alluring for sports bettors are:

Kentucky Wildcats Football - This college football team has claimed one National Championship and holds a 12-9 bowl record.
Kentucky Wildcats Men's Basketball - This team represents the pinnacle of college basketball success, with 8 National titles and a winning percentage of .765.
Western Kentucky Hilltoppers College Football - Helmed by legendary coaches with NFL careers, the Hilltoppers have a 9-5 bowl record.
Murray State Racers Men's Basketball - With 17 NCAA tournament appearances and a program that has produced NBA star players from college basketball, Murray State is a treasure trove of talent.
Louisville Cardinals Men's Basketball - The Cardinals are a storied hoops program in Division One, with two National titles decorating the trophy cases of the university.

Kentucky Horse Race Betting

Making betting legal in Kentucky aligns with its rich equestrian history and passion for sports. Known as the "Horse Capital of the World," Kentucky's horse racing heritage is a core part of its identity. This love began in the late 18th century and has grown ever since, culminating in iconic races like the Kentucky Derby at Churchill Downs, often dubbed "The Most Exciting Two Minutes in Sports." While the Derby steals the limelight, events like the Bluegrass Stakes and Kentucky Oaks also highlight the state's racing prominence.

Kentucky is not just about racing; it's a hub for horse breeding, with its fertile Bluegrass region producing champion horses. Institutions like the Kentucky Horse Park and the University of Louisville's Equine Industry Program educate and celebrate the deep bond between humans and horses in the state. For Kentucky, horse racing is not just a sport—it's a cherished tradition that enriches its cultural and economic landscape.

With the legalization of sports betting, Kentucky takes a significant step forward, merging its historical love for horse racing with modern sports betting avenues. Making online horse racing betting legal, along with other sports, not only offers residents a regulated and safe betting environment but also promises to boost the state's economy, leveraging its unique position in the world of sports.

Common Questions about Kentucky Online Sports Betting and Casino Gambling

What online gambling options are legally available in Kentucky?

At present, the only authorized online gambling activities in Kentucky include pari-mutuel advance deposit wagering platforms, specifically TVG and Twin Spires, and the Kentucky Lottery which provides online draw and instant game tickets. Additionally, sports betting has been approved, however, it hasn't been rolled out for the public yet.

Can I bet on sports in Kentucky?

Not yet, but sports betting will be available soon. Starting September 7, 2023, in-person sports betting will be introduced at horse track sportsbooks in the state. The online sports betting launch will follow suit on September 28, 2023.

I'm eager to bet on sports now. What are my options?

If you're in Northern Kentucky, sports betting in Ohio is a convenient option as the state legalized the activity earlier this year. Just a short trip across the Ohio River, and you can bet legally within Ohio's borders. You don't need to be a resident. Additionally, states bordering Kentucky like Illinois, Indiana, West Virginia, Virginia, and Tennessee have legalized sports betting

Will I need to travel for sports betting after September 7, 2023?

No, starting September 7, residents won't need to cross state lines as sports betting will be legal in Kentucky.

Is casino gambling legal in Kentucky?

No, casino gambling is not permitted in Kentucky. While the State has been working hard to make online betting legal, there are no plans to do the same for online casino gambling. Residents looking for experiences similar to New Jersey online casino apps need to visit neighboring states.

Are there any online gambling options in Kentucky?

Yes, while traditional online casinos aren't allowed, residents can play at social and sweepstakes casinos like WinStar, LuckyLand, and Chumba. These platforms offer free virtual coins and jackpot prizes without real money transactions. Additionally, Kentucky offers pari-mutuel advance deposit wagering platforms like TVG and Twin Spires, and online options for the Kentucky Lottery.

What about offshore-based gambling sites?

Gambling on offshore-based sites is discouraged due to their lack of regulation. This is why many have been pushing to make online sports betting legal. Players risk losing their funds, and there's no guarantee of fair gameplay.

Banking Options at Kentucky Online Sportsbooks

Kentucky's online sportsbooks provide multiple safe and easy banking methods:

📥 Deposit:

Cards: Visa, MasterCard, Discover for immediate deposits.
E-Wallets: Quick transactions via PayPal and Venmo.
Bank Transfers: Slightly slower, ideal for big deposits.
Prepaid Cards: Use sportsbook-specific cards like Play+.
PayNearMe: Deposit cash at local stores, no bank details needed.

📤 Withdrawal:

E-Wallets: Fast withdrawals through PayPal and Venmo.
Check: Receive winnings via mail, though slower.
Bank Transfers: Transfer winnings to your bank with varied processing times.
Prepaid Cards: Withdraw using the same card you deposited with.

Note: Options differ by sportsbook, with potential limits. Refer to your sportsbook's banking section for specifics.

Taxation and Licensing for Kentucky Online Sportsbooks

💰 Tax Rate:	14.25% (Online), 9.75% (Retail)
💵 Estimated State Annual Revenue:	$23 million
💳 Initial Licensing Fee:	$500,000
🔄 Annual Renewal Fee:	$50,000
📜 Additional Operator License Fee:	$50,000 (Initial), $10,000 (Annual)
💳 Use of Credit/Debit Cards:	To be confirmed
🔒 Advertising Limits:	To be confirmed

Licensing Fees

Operating an online sportsbook in Kentucky comes with certain financial obligations. The initial licensing fee is set at $500,000, followed by an annual renewal fee of $50,000. For operators, an additional license costing $50,000 is required, with an annual fee of $10,000.

Tax Rates

The state of Kentucky has set a tax rate of 14.25% for online and mobile sportsbooks. This means that for every dollar of revenue, approximately 14.25 cents will go to the state as tax. This tax is applied after winnings are paid out to bettors. For more detailed information on sports betting taxes in Kentucky, visit our page on the Kentucky sports gambling tax rate.

Implications for Operators

For operators, these costs and tax obligations are significant considerations. They can impact the profitability of the sportsbook and may influence the business strategy. For instance, to offset these costs, operators might need to be more conservative with the odds they offer or limit the number and value of promotions they run.

Implications for Bettors

For bettors, these costs could indirectly affect their betting experience. If operators offer less favorable odds or fewer promotions due to the high costs of operation, bettors might find fewer opportunities for profitable bets. However, the legalization and regulation of online sports betting also bring benefits for bettors, such as enhanced consumer protection and the convenience of being able to bet legally from their own homes.

Kentucky Online Sports Betting vs. Other Legal Sports Betting States

Kentucky is the 37th state in the US to legalize sports betting. Although the regulatory framework is still in the development phase, it's expected to mirror the rules and requirements found in other states.

What Are the Tax Implications for Bettors and Operators in States Where Online Sports Betting is Legal?
The tax rate for operators in Kentucky is similar to other states, with 9.75% on gross revenues for in-person bets and 14.25% for online wagers. For players, all winnings get taxed as ordinary income.
Are There Any Limitations on the Types of Bets That Can Be Placed in Legal Sports Betting States?
There are no limitations, meaning that players can use the full spectrum of bet types, such as moneyline, totals, parlay, futures, in-play, prop bets, and many others.
Are There Any Age or Residency Requirements for Online Sports Betting in States Where It Is Legal?
Every state that legalized online sportsbooks has some age requirements. In Kentucky, the minimum legal age for online gambling is 18, but some Kentucky sportsbooks have the right to accept players 21 years and over. Almost in every state, you have to be a resident to open an account in a licensed sportsbook and can wager only if physically present in that jurisdiction.
Do Legal Sports Betting States Have Restrictions on the Types of Sports or Events That Can Be Bet on?
Legal sports betting sites do not limit their coverage of betting markets. Every operator decides which sports and leagues will get included on their app. you reside or which state you're visiting. While many allow betting on popular sports such as hockey and football, others restrict access to horse and dog racing.
What Measures Are in Place to Ensure the Safety and Security of Online Sports Betting Platforms in States Where It Is Legal?
States in which betting is legal require operators to get certified by the local regulatory agency, ensuring the safety of bettors.

The Future of The Kentucky Sports Betting Industry

What does the future look like for sports betting in Kentucky?

The Kentucky Sports Betting industry is poised for significant growth, with betting apps playing a pivotal role. These KY betting app platforms will offer features like live-streaming and in-play betting, enhancing the overall betting experience for users.

In terms of Tax Revenue Projections, the state expects to generate approximately $23 million annually in tax revenue and licensing fees from sports betting. Some experts believe this estimate might even be on the conservative side.

When compared to other legal betting states, Kentucky's approach to sports betting mirrors the strategies adopted by several others. The emphasis on mobile betting, in particular, reflects a broader national trend. However, the true test will be how Kentucky's sports betting market performs in comparison to its neighbors, both in terms of user engagement and revenue generation.

Responsible Gambling in Kentucky

As sports betting becomes a reality in Kentucky, it's crucial to remember the importance of responsible gambling. Betting on sports should be an enjoyable pastime, not a means to make money or escape problems. Here are some tips to help you bet responsibly:

✔ Set a Budget: Decide how much money you're willing to lose before you start betting, and stick to that budget. Never bet money you can't afford to lose.

✔ Understand the Odds: Make sure you understand how betting odds work before you place a bet. Remember, the house always has an edge.

✔ Don't Chase Losses: It can be tempting to try to win back money you've lost by placing more bets, but this can lead to even bigger losses.

✔ Take Regular Breaks: Gambling continuously without taking breaks can lead to poor decision-making and problem gambling.

✔ Seek Help if Needed: If you or someone you know is struggling with gambling, don't hesitate to seek help. The Kentucky Council on Problem Gambling provides resources and support for individuals dealing with problem gambling.

Remember, the Kentucky Horse Racing Commission is the regulator for sports betting in the state, and they are committed to promoting responsible gambling practices. If you have any concerns about your gambling habits, please reach out to them or another trusted organization for help.

Other Useful References Relevant to KY Sports Betting:

Kentucky Lottery Commission: As the body overseeing sports betting in Kentucky, they will likely have resources and information about responsible gambling.
National Council on Problem Gambling: This national organization provides a wealth of resources for those struggling with problem gambling, including a 24/7 helpline.
800-Gambler.org: This international organization offers support groups for individuals struggling with problem gambling.

Kentucky Sports Betting Legislation Timeline:

Critics have questioned the readiness of the KHRC to regulate sports betting, given that Kentucky has significantly fewer gambling enforcement staff than other states like Ohio and Indiana, however the KHRC expresses confidence in its approach to sports betting, despite questions about staffing
July 20, 2023
Kentucky's sports betting is launching on September 7, 2023, with mobile betting following on September 28, 2023, hosted by horse racing tracks with tax rates of 9.75% for retail and 14.25% for online wagers.
July 17, 2023
Kentucky's imminent sports betting launch should prioritize thorough regulation and preparation over speed to avoid potential hurdles, learning from the hasty rollout in Massachusetts.
April 11, 2023
Governor Andy Beshear signs HB 551 into a Kentucky Sports Betting law.
Mar. 31, 2023
HB 551 is endorsed with a vote of 25-12.
Mar. 30, 2023
The House passes HB 551, sending it to the Senate.
Mar. 13, 2023
Rep. Michael Meredith introduces House Bill 551, a bill that is aiming to legalize sports betting in Kentucky.
Feb. 22, 2023
House Bill 241 gets introduced but fails to receive majority support.
Jan. 9, 2021
The United States Supreme Court permits states to decide if they will make legal Kentucky sports betting.
May 2018

Legislation and History of Sports Betting in Kentucky

Historical Context

Horse Racing Tradition: Kentucky's storied tradition in horse racing sets the backdrop for its relationship with gambling.

2016: Religious Sentiments and Gambling

Pew Religious Landscape Study: 63% of Kentucky respondents said religion is very important in their lives, highlighting the state's strong religious sentiments that have historically influenced its stance on gambling.

2018-2021: The Online Poker Saga

Lawsuit Against PokerStars: Kentucky's relationship with online poker took center stage with its lawsuit against PokerStars, rooted in an old Kentucky statute.
2021 Settlement: The lawsuit was settled with PokerStars agreeing to pay Kentucky $300 million, making the state a significant financial beneficiary of online poker without even legalizing the activity.

2023: A Turning Point for Sports Betting

Introduction of HB 106: On Jan. 5, 2023, bill HB 106 was introduced, aiming to legalize online poker, betting, and daily fantasy sports.
Bill Sponsors: The bill was championed by Rep. Derrick Graham (D), Rep. Cherlynn Stevenson (D), and Rep. Rachel Roberts (D).
Governor's Stance: Governor Andy Beshear, a Democrat, emerged as a vocal advocate for sports wagering, emphasizing its potential economic benefits.
Bipartisan Dynamics: While the bill showcased strong Democratic support, the challenge lay in garnering enough backing from the Republican majority.

For a more detailed exploration of Kentucky's sports betting legislation journey, visit our comprehensive legislation page.

Key Figures in Kentucky's Sports Betting Legislation

Several key figures played instrumental roles in the legalization of sports betting in Kentucky.

Rep. Adam Koenig: Rep. Koenig was the primary sponsor of HB 551, the bill that legalized sports betting in Kentucky. He had been a long-time advocate for sports betting in the state and had introduced similar bills in previous years that did not pass. His persistent efforts were instrumental in the eventual success of the legislation.
Gov. Andy Beshear: Governor Beshear was a strong supporter of sports betting as a means to generate additional revenue for the state. His endorsement of the bill was crucial in its passage.
The Kentucky Horse Racing Commission (KHRC): The KHRC was given the responsibility of regulating the new sports betting market. Their role in overseeing the implementation and operation of sports betting in the state is key to its success.
The Kentucky General Assembly: The General Assembly's role in passing the bill cannot be understated. Despite previous failed attempts, the 2023 session saw the bill pass, marking a significant shift in the state's stance towards sports betting.

These key figures, among others, were instrumental in the process that led to the legalization of sports betting in Kentucky. Their efforts have paved the way for a new era of sports betting in the state.

FAQ

Yes sports betting is now legal in Kentucky and officially rolled out to the public. On the 7th of September, the State opened retail betting to the public, and on September 28th, the State opened mobile and online sports betting to the public.

Yes you absolutely can! Online sports betting has officially launched in the State with many sportsbooks now offering their services no mobile and desktop to new users who sign up on their platforms.

Mobile and online sports betting officially started on September 28, at 6 a.m. ET. Many Kentucky sportsbooks including Draftkings, BetMGM, Caesars & Bet365 are now offering their services to Kentucky residents.

The approved sports betting providers in Kentucky include Bet365, BetMGM, Caesars, Circa, DraftKings, Fanatics, FanDuel, and Penn Sports Interactive. At the moment, Caesars, BetMGM, Draftkings, Bet365 and FanDuel are all online and available in Kentucky.

Yes you can. Bettors can start using the mobile app and place bets on their favorite sports as of now! Perfect timing for NFL betting.

Yes, Draftkings is legal and live in Kentucky! Kentucky bettors can sign up at Draftkings and receive $200 in bonus bets. As a plus, registrants will also be able to claim Draftkings' 25% deposit match bonus up to $1,000 as well.

The legal age for sports betting in Kentucky is 18+, but most sportsbooks are only accepting players aged 21+. The exceptions are Bet365 and DraftKings.