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WATCH | First two months of sports betting in Kentucky generates millions in tax revenue

First two months of sports betting in Kentucky generates millions in tax revenue For more Local News from WKYT: https://www.wkyt.com/ For more YouTube Content: https://www.youtube.com/channel/UCFbkdkrsMNzADTwoat4lepg

WKYT

2 months ago

September and October the state received 7,940 753 in tax revenue from Sports wagering that money will support the oversight of sports wagering establish a problem gambling fund and primarily help ky's pension systems director of sports wagering Hans stoki says sports betting performed well in September 2 preliminary reporting for November shows this trend continuing as Kentucky patrons wagered more than $260 million with a peak activity occurring through the Thanksgiving holiday which generated
a $73 million total handle writer and analyst for bet kentucky.com Steve bittenbender says this makes sense as we're in the heart of the NFL season this is going to be the peak time where sports betting is going to ramp up he predicts Kentucky will follow the trends we've seen in other states like Tennessee and Indiana with a gradual uptick in sports betting in the coming years I think as long as you know everything stays around the same then we should expect those sports betting numbers to go
up some for the next few years as more people get interested and engaged in the sports betting products here in the state and Governor Basher is also predicting numbers will continue to grow it is an incredible start and if it continues we will significantly exceed the $23 million in projected revenue from Sports wagering in Frankfurt Samantha Valentino WKYT

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