And they’re not going to, necessarily, I don’t think, have the incentive to go to the track to place a sports bet.”Īaron Utterback said that’s definitely the case for him. “They’re going to be more inclined to bet online. And if you think about it, now with the way that technology is, you can have a sports book experience, and you don’t have to travel to a casino or a racetrack to experience it,” Bittenbender said. He said the state should have an idea early next week about the amount of money wagered this opening weekend. In Indiana, it’s close to 85% and for Ohio, it’s greater than 95%, he said.īittenbender estimated 90% of the handle in Kentucky will come from online betting compared to in-person betting. That money will help shore up the state’s public pension deficit and go toward the state’s problem gaming fund.įor states that have both online and retail sports betting, the vast majority of the handle typically comes from online betting, Bittenbender said. Kentucky officials estimated the state will collect $23 million in tax revenue. Kentucky will receive 9.75% of revenue generated from in-track sports books, and 14.25% from online sports books. Now that money will stay here,” said Steve Bittenbender, writer and analyst for .īittenbender said sports books average somewhere between an 8 to 12% win rate. Pretty much every state around us had sports betting, except for Missouri. “Some of that gaming money will finally come back to Kentucky, rather than going to Indiana, Ohio, Tennessee, West Virginia, Illinois, you name it. The website estimated more than $2.1 billion will be wagered during the first full year of sports betting in the state. Over 60,000 Kentuckians pre-registered accounts ahead of Thursday, according to.

Circa Sports, which is also approved, will start taking bets at a later date. One expert estimated 90% of the handle in Kentucky will come from online betting compared to in-person bettingĪpproved operators include Barstool Sportsbook, BetMGM, Caesars Sportsbook Kentucky, DraftKings, Fanatics Sportsbook and FanDuel.Kentucky officials estimated the state will collect $23 million in tax revenue.More than 60,000 Kentuckians pre-registered accounts ahead of Thursday.Online sports betting is now legal in Kentucky.

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