TwinSpires Sportsbook Kentucky & Upcoming KY Sports Betting Bonus Code Launch 2023
TwinSpires Sportsbook might arrive soon in Kentucky. The Bluegrass State will officially launch its online sports betting market on September 28th, 2023. The legal framework is defined by HB 551, allowing up to 27 Kentucky sportsbooks to receive their license. Therefore, horse race betting will be augmented with other sports.
TwinSpires Sportsbook KY Promo Code & Upcoming Bonus Overview
TwinSpires is available in eight U.S. states, and Kentucky can become the ninth state that expands its TwinSpires racebook with other betting options. And that means access to more Kentucky sportsbook promos, such as TwinSpires standard Get Back up to $25 in Free Bets.
When is TwinSpires Online Sportsbook Launching in Kentucky?
The Kentucky Horse Racing Commission is responsible for overseeing all forms of gambling in the Bluegrass state. It's working overtime to establish its online and retail wagering infrastructure under the six-month deadline set by legislation's effective date of June 28, 2023.
Although regulators have a time window until 28 December to launch the industry, they are determined for retail wagering to start on September 7, while online real money wagers will be possible on September 28, 2023. We expect several online sportsbooks, including TwinSpires, to apply for a license.
TwinSpires Sportsbook KY - Sports Betting Law and Bills Timeline
Kentucky has had a strange attitude toward gambling. Casinos aren't allowed in the state, but wagering on horse races is an old tradition, dating back to 1875 when the first Kentucky Derby was held. Nine race tracks are active in the Bluegrass State offering horse racing, and soon they will be partners of over a dozen retail and online sportsbooks. Let's examine the timeline leading to legal sports wagering in Kentucky:
- 2007: Churchill Downs, Inc. launches TwinSpires Racebook
- Jan. 9, 2021: Introduction of House Bill 241, but it doesn't gain majority support.
- February 2023: Rep. Michael Meredith introduces HB551. The bill aimed to legalize wagering on sports and enable horse race tracks to launch sportsbooks.
- March 30, 2023: The Senate endorses HB 551 with a vote of 25-12.
- March 31, 2023: Gov. Andy Beshar signs HB551 into law.
- July 10, 2023: The local gambling commission approved the regulatory framework for wagering on sports events.
- July 2023: The launch date for retail and online wagering is announced. Retail wagering will begin on September 7, and online betting on September 28.
What is a Bonus Code?
A TwinSpires promo code is a tactic used by sportsbooks to attract bettors with exclusive Twinspires offers. The idea is identical to a discount code, allowing new customers and existing bettors to acquire a promotion if they possess the dedicated promo codes. Sportsbooks change their codes regularly, and bettors can claim one offer per code.
How to Claim TwinSpires Kentucky Bonus Code
Claiming a TwinSpires bonus code is a breeze, considering this operator advertises the codes. To secure a bonus, you should:
- ✅ Navigate to TwinSpires Kentucky and activate the registration form.
- ✅ Fill in the required information, such as your full name, email, phone number, residential address, and the last four digits of your SSN.
- ✅ Entering the TwinSpires Promo code Kentucky if required.
- ✅ Accept the T&C and create a username and password.
- ✅ Deposit money via the cashier, make the qualifying bet, and the bonus will get credited if you don’t have a win bet.
TwinSpires Sportsbook Kentucky Bonus Terms & Conditions
The bonus terms and conditions are standard, although this operator can change the default policies for new TwinSpires offers. We recommend you inspect a promo code T&C before claiming a bonus for the Kentucky Derby or other events. Usual T&Cs include:
- New and existing customers with completed KYC checks are eligible.
- All sports qualify for a bonus bet.
- Opt-in is required for bonus bets.
- The minimum betting line requirement for a wager is -250.
- Bets get credited within 72 hours of event completion.
- Free Bets must be used within 7 days or will be forfeited.
All You Need to Know About the TwinSpires Kentucky Welcome Bonus
The TwinSpires Kentucky signup bonus is still shrouded in mystery, considering this operator isn't active in the Bluegrass state. However, looking at its current offers for horse racing and sports, we can make assumptions about a potential upcoming bonus.
In 2022, TwinSpires offered a sign-up promo code worth up to $1,000 in Free Bets. Currently, only Arizona offers the sportsbook version of this brand, where new and exciting players can take advantage of a 4-leg parlay bonus refund of up to $25.
TwinSpires KY Sportsbook Bonus types
The bonus department at TwinSpires Sportsbook Kentucky is expected to be competitive, and that means regularly offering a promo code. Let's examine the offers bettors can potentially expect from this online bookmaker.
Early Cash Out
It's a relatively new promo type, allowing new users and regulars to cash out before a game finishes. The payout won't be the same as for a completed sports game, but the advantage is to cut one's losses in case the game isn't developing as expected.
Boosted Odds
Operators try to provide comparative betting lines, but TwinSpires goes a step further and provides boosted lines, a bonus that enhances the chances for a specific sports event. Basically, it bumps up the lines of what's typical, resulting in higher potential payouts.
Bonus Bets
Free bets are one of the preferred promo code offers for sportsbooks ranking as one of the best bonus bets, and TwinSpires frequently offers free bets as part of its welcome bonus for new customers. The best way to describe this bonus type is as insurance for a bet, with online bookmakers refunding the money in case of a losing bet.
Refer a Friend
The refer-a-friend bonus rewards bettors for recruiting a player to join the online bookmaker and make a bet. TwinSpires might allocate a fixed bonus amount for members who convince an acquaintance to open a new account.
TwinSpires Loyalty Club
The TwinSpires Facebook offers a VIP Club with Bronze, Silver, Gold, and Platinum tiers. It's logical for the sportsbook version to embrace the same concept as its horse racing sibling and offer monthly rewards based on collected points.
TwinSpires Sportsbook KY Review Summary
TwinSpires KY Sportsbook Top Features:
- ✅ Variety of markets
- ✅ Provides a wealth of sports stats
- ✅ Cash-Out option
- ✅ Respected and legitimate U.S. operator
- ✅ Dedicated TwinSpires mobile apps for iOS and Android users
Pros & Cons
- Covers major US leagues
- Multiple banking options
- Prop bet on various sports and horse racing
- Bonus cash deals geared toward the TwinSpires Racebook
- No sportsbook loyalty program
TwinSpires Kentucky Sportsbook In-depth
Betting and User Experience
The design isn't overwhelming, sacrificing a fancy look for functionality, enabling registered members to navigate this sportsbook intuitively. The interface is user-friendly on the TwinSpires mobile app and desktop, and there is no shortage of markets, especially from North America, with betting options offering high value.
Live Betting
Bet on sports events, while that action on the court is developing, is possible at TwinSpires. This bookmaker provides live coverage of popular leagues, with multiple proposition wagers and more traditional options. Stats are offered to guide players as they make decisions about an upcoming sports bet or horse racing event. The in-play feature is available for desktop and the Twinspires mobile app.
Welcome Offer
The welcome bonus isn't the biggest deal on the market, judging by the offer in other states. But we're only speculating on what the Kentucky edition has in store for its future members.In the past, TwinSpires offered competitive welcome packages of up to $1,000 in Bonus Bets, which is in line with top-tier bookies. In any case, this operator won't leave new customers empty-handed when exploring the betting options on the mobile app or desktop.
TwinSpires Sportsbook App Kentucky
TwinSpires Kentucky Betting Apps should be available once the operator receives its license. This bookmaker has dedicated apps for every state in which it's offering sports gambling services and a TwinSpires Casino. The mobile app is compatible with a mobile device running on any OS. It's available in Google Play Store and App Store.
How to Download the TwinSpires Sportsbook App on Android
- Open the official website and click Get it on Google Play Store.
- Press the Instal button.
- The app will install automatically.
How to Download the TwinSpires Sportsbook App on iOS
- Find TwinSpires on the App Store.
- Click the Install button.
- The TwinsSpires app icon will appear on the home screen.
How do Android users rate the TwinSpires App
- Android Rating: 4.6/5
How do iOS users rate the TwinSpires App
- iOS Rating: 4.8/5
Desktop Vs App Vs Mobile Site
The three iterations of this sportsbook, meaning its desktop and mobile app and mobile website, more or less align around the same design principle and focus on offering a streamlined interface. There isn't a large difference between the three. All TwinSpires platforms have the same offer code, banking options, and betting options. The biggest difference is in the convenience provided by the TwinSpires mobile app, which is like having a personal sportsbook in one's pocket.
Rating the Software at TwinSpires Sportsbook
Loading speeds are pretty consistent across all types of devices, and the website and app offer reliable functionality. There is no lag experienced, and the bet builder feature allows players in seconds to place bet on any sport.
TwinSpires Sportsbook KY vs. Other Sportsbooks in Kentucky
Kentucky counts as home territory for TwinSpires, considering that its parent company Churchill Downs owns the brand and offers Kentucky Derby betting in multiple states. However, wagering is a market segment in which this brand is lagging behind bigger operators such as FanDuel Racing & Caesars.
Top-tier sportsbooks have already announced they are coming to the Bluegrass state. Although TwinSpires has similar sports market coverage and betting options, other platforms offer higher bonuses and more comprehensive apps.
TwinSpires Racebook is the main focus of the brand. Horse race betting is effortless, as you can find all popular horse races and have the option to bet on a single horse, place a superfecta bet, guess the exact order/correct order, name the first five horses to win, etc. The Kentucky Derby coverage outclasses other operators but offers an average sportsbook.
TwinSpire Sportsbook vs Bet365 Sportsbook vs Barstool Sportsbook
Scoring System:
⭐ = Basic betting experience
⭐⭐ = Below average betting experience
⭐⭐⭐ = Standard betting experience
⭐⭐⭐⭐ = Great Betting experience
⭐⭐⭐⭐⭐ = Exceptional betting experience.
Comparison Summary:
- TwinSpires Sportsbook Kentucky: Reliable platform with a wide coverage of US leagues and an intuitive interface.
- Bet365 Sportsbook Kentucky: Some of the best betting options on the market and a slick mobile app with live streaming and in-play wagers.
- Barstool Sportsbook Kentucky: Comprehensive sportsbook with generous promo code deals distributed to new and regular bettors.
Payment Options for TwinSpires KY Betting
Payment methods at TwinSpires reflect the attitude of most US sportsbooks, preferring to gravitate towards well-established providers.
Deposit Methods:
- Visa
- MasterCard
- PayPal
- ACH/eCheck (VIP Preferred)
- Online Banking
- Play+Card
- Wire Transfer
- Skrill
Withdrawal Methods:
- PayPal - Instant
- Wire Transfer - 24 hours
- Play+Card - 1-3 days
- ACH/eCheck (VIP Preferred) - 1-3 days
- Online Banking - 1-3 days
How to Make a Deposit
- Open TwinSpires and click the "Deposit" button.
- Choose a payment method and enter the deposit amount.
- Verify the transfer.
How to Make a Withdrawal
- Nviagte to the wallet section of your account.
- Choose a payment provider and connect your bank account.
- Input the payout amount and verify the withdrawal request.
Most Popular Payment Related Queries
- The minimum deposit is $10.
- Withdrawal requests are authorized within 24 hours of acceptance of a payout request receipt.
What Sports and Kentucky Sports Teams Will I be Able to Bet on at TwinSpires Sportsbook KY?
Kentucky is devoid of professional sports teams but takes pride in the Kentucky Derby. Sports fans from Bluegrass State show their sport to several college teams. The vacuum created by the absence of professional teams is filled by fans favoring teams from surrounding states on which they can place wagers.
NFL
Ohio and Indiana are within a normal driving range of Kentucky, and not surprisingly, sports fans like to cheer for the Cincinnati Bengals and Indianapolis Colts. Both teams are regularly covered by TwinSpires during the regular season and any playoff appearances.
NBA
During the regular season, prop and point spread bets on the Indiana Pacers and Cleveland Cavaliers are frequent targets for bettors from the Bluegrass state. These two teams have a loyal following in Kentucky and receive coverage with competitive betting lines and multiple bet types.
MLB
The Cincinnati Reds inspire sports euphoria in Kentucky and are the baseball team with the biggest fanbase in the state. Other teams have their supporters in Kentaku, but the Reds are the preferred team for baseball fans
NHL
Nashville Predators and St. Louis Blues dominate the hockey scene and are the teams receiving the most action during the season.
Other Sports and E-Sports
Esports and niche sports such as darts are on the repertoire at TwinSpires. It might not be the busiest sports market, but this operator doesn't treat them any differently, offering a broad range of bet options and attractive lines.
TwinSpires Kentucky Most Popular Bet Types
TwinSpires offer a diverse portfolio of bet types for formulating a betting ticket, and the popular bet types are:
- Moneyline: Bet on one team or player to be the outright winner.
- Totals: Predict if the combined score will be over or below the provided number. It's used for final results or half times.
- Point Spreads: A bet that equals the playing field by deducting points from the favorite and giving them to the long shot. It's basically a bet on the margin of victory or defeat. A common spread can be -4.5 points or +6.5 points.
- Live Bet: Bet on a game while it's still ongoing.
- Prop Bets: Different potential scenarios about a player or team, such as who will score first, how many penalties or steals, etc.
- Parlays: Mixing various bet types from different games or sports on a single ticket, with the betting lines multiplying with each leg.
- Futures: Choosing the winner of a league, tournament, or division before the competition starts.
Security & Support for TwinSpires Sports Betting in KY
Customer support is handled by a competent team of agents available to provide security and support via the following methods:
- Live chat is available from 9 AM – 6 PM ET.
- Email: Contact@Twinspires.com
- Dedicated phone numbers for each state
- FAQs
Kentucky Online Betting Laws, Rules, and Requirements
Kentucky is the 37th state in the US to legalize sports wagering. Previously it allowed pari mutuel wagering on horse race betting. The legal age for making a bet is 18 years or older, and a player must be an official resident of Kentucky to open an account at an online sportsbook and take advantage of a TwinSpires offer code or download a mobile app and try to win.
Do You Have to Pay Taxes on Any Winnings at TwinSpires Kentucky Sportsbook
The Kentucky gambling tax rate is 6% of the proceeds paid. However, Bill H551 also proposed a new set of Kentucky tax rates amounting to 14.25% for online operators and 9.75% for in-person wagering revenue.
Responsible Betting at TwinSpires Kentucky
TwinSpires provides players with several resources to manage their gambling activities, including deposit limits when transferring money from a bank account, time outs, self-exclusion, and a helpline. These tools are available for both the TwinSpires Casino and sportsbook. The tools are accessible via a player's TwinSpires account.
TwinSpires Sportsbook Kentucky: Final Verdict
TwinSpires is a well-established online horse race betting brand operated by Churchill Downs Inc. It's active in 37+ U.S. states, primarily through its TwinSpires racebook, offering enticing TwinSpires Kentucky Derby promo codes but also wagering markets for the Preakness Stakes and Belmont Stakes.
Besides covering premium online horse race and horse race betting, this operator has branched out into the sports wagering arena. Offering a separate app for 8 states. We expect TwinSpires to attract new users in Kentucky.
Our expert analysis of this operator reveals a broad online sports betting market coverage with the option to place real money wagers on a mobile device with an odds boost and receive bonus cash via the promotional department available to any player with a valid TwinSpires account.
Although primarily a horse betting platform, this brand ranks as one of the best US sportsbooks, with a crisp design to formulate a bet slip and a regular supply of bonus bets. Players who have completed the registration process and have a new account can use live streaming and can place bet on a sports event. A TwinSpires Kentucky Derby promo app will probably arrive in the Bluegrass State after the market launches.