House Bill 551 will make nine racetracks eligible to offer on-site retail sports betting, while each track will also be able to partner with up to three online operators, meaning up to 27 licenses may be issued by the Kentucky Horse Racing Commission (KHRC).
The bill also establishes a two-tier system to taxation, with online operators to be taxed at 14.25% of gross gambling revenue, compared to the 9.75% imposed on the retail offerings.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/legal-compliance/kentucky-governor-signs-sports-betting-bill-into-law/
