Sports gambling bill passes KY House

A bill that would legalize sports gambling in Kentucky passed through the Kentucky House of Representatives on Friday.

House Bill 606 passed through the Kentucky House of Representatives by a 58-30 vote on Friday that would legalize in-person and online sports gambling.

The bipartisan bill would tax sports betting by implementing a 9.75% tax on the adjusted gross revenue for in-person sports betting and a 14.25% tax on the adjusted gross revenue for online sports betting. The money would go toward the state’s pension fund.

The state estimates that legalizing sports betting in Kentucky would bring in $22.5 million in revenue for the state.

Representative Josh Branscum voted against the bill.

The bill still needs to pass through the senate before it can be signed into law by the governor.

About Zac Oakes 2822 Articles
Zac Oakes is the News and Sports Director for LakerCountry.com and Laker Country WJRS 104.9 FM.