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When it comes to online gaming, the state of Kentucky is one of the most oxymoronic states in the country. Despite being the hub of horse racing in the U. S. and profiting tremendously from betting on those races, the state’s leadership has prevented online casino gaming, sports betting and online poker from being opened in the state. It even went to the point of suing PokerStars for allowing people from the Bluegrass State to play on the site. Thus, the recent introduction of legislation to regulate and legalize a plethora of online gaming options comes as a big surprise.
Proposed Legislation Would Legalize Sports Betting, Online Poker
In 2020, Kentucky State Representative Adam Koenig introduced legislation that would have legalized sports betting in the state. It passed through the committee he chairs, the Licensing, Occupations and Administrative Regulations Committee, unanimously, but it did not come to the floor of the Kentucky Legislature for consideration. Undaunted, Koenig has filed his bill once again, which is practically a photocopy of what he issued in 2020.
This bill is known as House Bill 241 and it would open the state of Kentucky for a variety of gaming options. Along with legalizing sports betting, it would also provide regulation for online poker and daily fantasy sports (DFS). Three different segments of the Kentucky government – the Kentucky Horse Racing Commission (sports betting), the Kentucky Public Protection Cabinet (DFS) and the Kentucky Lotter Corporation (online poker) – would oversee the activities, meaning that there wouldn’t have to be any more bureaucracy created for regulating the activities.
There would be a few licenses that would be available inside the state. Any of the state’s horse or harness racing tracks would be able to receive licenses and any venue with a 50,000-fan capacity could also take part. That would draw in not only such iconic venues as Churchill Downs (the home of the Kentucky Derby) and Keeneland (another famous horse racing venue), but it would also allow the Kentucky Speedway, up until this year a host of NASCAR racing, to participate.
Why would Kentucky be considering such actions? Every state that is located around them offers sports betting and the state’s coffers are missing out on the action. If it were to pass, however, there would be no action in the state until at least 2023.
Convoluted History on Gaming in Kentucky
Other than betting on the ponies, the state of Kentucky has been notoriously slow in coming to the table regarding any segment of online gaming. In 2010, the state filed a lawsuit against PokerStars for $290 million. The state, at that time, alleged that PokerStars was illegally offering their product to their fellow Kentuckians and that they had lost upwards of $300 million on the site.
In 2015, a judge ruled in favor of the state, ordering that PokerStars pay treble damages, which tripled what the judgement was. Instead of owing $290 million, now PokerStars was on the hook for $870 million, but they appealed the decision. In 2018 The Stars Group, which owned PokerStars at that time, won an appeal in the Kentucky court system, but the state chose to appeal the issue. That appeal was heard in December 2020 by the Kentucky Supreme Court, with that court ruling in favor of the state and upping what PokerStars owed to $1.3 billion.
All of this occurred while the current governor of Kentucky, Andy Beshear, ran on a platform that regulating and licensing online gaming operations could be a revenue booster for the state. Sports betting alone in the state of Kentucky would raise up to $22.5 million annually and, should the state also bring online poker and DFS into the mix, it could greatly increase that amount.
Odds of passage of House Bill 241 are iffy at best. Other legislators are slow to come to cosponsor the bill and, although there is some support from government retirees (who are looking to use the revenues for underfunded pensions), there doesn’t seem to be a rush to getting to the bill. There are also problems with COVID protocols, which have significantly slowed down the legislative process in the state. Thus, don’t expect Kentucky to join the ranks of the online gaming world anytime soon.
A bill that would legalize online sports betting in Georgia was officially filed as the state’s 2021 legislative session kicked off a week ago.
HB 86 was filed last Thursday and would allow gamblers 21 or older inside Georgia state lines to wager on professional and collegiate sporting events online. The bill was sponsored by Rep. Ron Stephens, who told local media outlets last month that expanded gambling was a lock to pass in 2021.
The bill received bipartisan support as it was co-sponsored by Rep. Billy Mitchell, Rep. Lee Hawkins, Rep. Shelly Hutchinson, Rep. Matt Dollar and Rep. Al Williams. Of the six sponsors, three are Republican and three are Democrat.
Legislation that would allow for gambling outside of the state lottery would require an amendment to the state constitution, but this bill would allow the lottery to regulate the sports betting market, which would exempt the legislation from the amendment process.
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The legislation, known as the Georgia Lottery Mobile Sports Wagering Integrity Act, would tax sports betting companies 16% of their revenue. The taxes collected from sports betting would be used to help fund the HOPE scholarship.
According to a report from the Atlanta Journal-Constitution, the legislation is supported by the four professional sports franchises in the state.
“We don’t receive revenue from this,” Atlanta Braves President and CEO Derek Schiller told the AJC. “This is good for our fans, we think, from a fan engagement perspective. But it’s also good for the state because it drives new tax revenue to the state, especially in this unique time that we’re in and going to be recovering from.”
According to Stephens’ estimates, online sports betting would generate about $100 million in revenue. Last month, he said that sports betting is the most likely gambling activity to pass this session because it has the “path of least resistance.”
Outside of the lottery, gambling in Georgia is extremely limited. It is one of the few states in the union without brick-and-mortar casinos.
With states strapped for cash stemming from the COVID-19 lockdowns, many are looking into legalizing gambling for no other reason than increased tax revenue. In just the first few weeks of 2021, New York Gov. Andrew Cuomo changed his tune on statewide online sports betting, governors in both Arizona and Kentucky are pushing for sports betting in their state and a sports betting bill was pre-filed in Florida.
If passed in its current form, Georgia would join Tennessee as the only states to offer online-only sports betting.