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Kentucky

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LEGALIZATION DATE
March 31, 2023

MARKET LAUNCH DATE
Retail: September 7, 2023
Online: September 28, 2023

AUTHORIZED OPERATORS
Racetracks, OTBs and online operators that have an agreement with a racetrack

RESTRICTED BET TYPES
None

AGE REQUIREMENT
Must be 18+

BETTING ACCOUNT REGISTRATION
Customers of online sportsbooks are not required to register or fund their accounts in person

TAX RATE
9.75% on retail sports betting revenue
14.25% on online/mobile sports betting revenue

TAX REVENUE ALLOCATION
Administration of sports wagering; 2.5% will go towards education and treatment of alcohol, drug and gambling addiction; remaining will fund state pensions

LICENSE FEES
Racetrack initial sports wagering license fee is $500,000 and annual renewal fee is $50,000. Initial fee for an online operator is $50,000 and a $10,000 annual renewal fee.

OFFICIAL DATA MANDATE
None

INTEGRITY FEE
None