Kentucky Sports activities Betting Operator Panorama Coming Into Sight

An almost full scope of operators eyeing the Kentucky sports activities betting launch together with the trade’s greatest gamers is now clear.

Gov. Andy Beshear shared an replace from the Kentucky Horse Racing Fee throughout his weekly press conference Thursday, together with a listing of seven preliminary candidates the KHRC will contemplate at an August 22 assembly. In-person KY sports activities betting can start Sept. 7, whereas on-line sports activities betting goes reside Sept. 28

“The countdown is on. Kentuckians can plan to position their first sports activities wagers, at a retail location, in simply 28 days,” Beshear stated.

“Bringing sports activities wagering to the state not solely offers Kentuckians a much-anticipated new type of leisure, but in addition brings cash to the state to assist pensions, releasing up cash that can be utilized to construct a greater Kentucky by way of the funding of training, financial growth, catastrophe restoration and different crucial initiatives, like offering cleaner water, constructing roads and high-speed web.”

Kentucky sportsbooks in to this point

Beshear stated he expects extra sportsbook operators to use. For now, the KHRC has seven service supplier purposes to contemplate:

  • bet365
  • BetMGM
  • Caesars
  • Circa Sports activities
  • DraftKings 
  • FanDuel
  • Penn Sports activities Interactive (ESPN Wager)

Noticeably absent within the first spherical of purposes launched by the KHRC is Fanatics, which can roll out its sportsbook in US sports activities betting states this fall. WynnBet was additionally named in earlier KHRC updates.

Going for the highest in Kentucky sports activities betting

FanDuel and DraftKings are the US sports activities betting market-share leaders. BetMGM and Caesars are additionally nationwide operators, and are No. 3 or No. 4 in most states.

Bet365 can be on the beginning line for an additional state, constructing off a robust efficiency in neighboring Ohio. Circa is in:

Penn, which axed Barstool Sportsbook for ESPN Wager this week, will hope its new associate can usher in a robust efficiency when it launches in November. Barstool Sportsbook managed roughly 3.5% market share within the states it was reside in.

Companions nonetheless shaking out

Seven of the 9 horse racing tracks in Kentucky utilized for sports activities betting licenses. These 9 tracks are the entry factors for KY sports activities betting, with as much as three on-line operators allowed for every.

The tracks may open in-person sportsbooks. The seven tracks are (with famous partnerships the place identified:) 

Kentucky sports activities betting on observe

After signing sports activities betting laws March 31, Beshear hoped for a speedy turnaround in time for NFL betting. The March-to-September timeline can be among the many quickest for a US sports activities betting market.

With approvals on August 22, Kentucky ought to keep on observe for its goal day.

“The KHRC is happy to open sports activities wagering and is working effectively to satisfy the required deadlines,” KHRC Chairman Jonathan Rabinowitz. “This can be a cautious course of devoted to wagering integrity and defending bettors within the state of Kentucky.”