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Kentucky introduces bill for legalising online poker and sports betting

George Miller
February 13, 2019
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Kentucky introduces bill for legalising online poker and sports bettingReading Time: 1 minute

 

Kentucky’s Republican Rep. Adam Koenig, along with 14 other sponsors, has introduced HB 175. The bill proposes to legalise both sports betting and online poker in the state.

According to the bill, the lottery commission of the state would act as the regulatory body for the industry. Citizens above 18 will be eligible to play poker, and the revenue from poker would be charged at 6.75 per cent.

Sports betting revenues will have a tax rate of 10.25 per cent for in-person sports wagers and 14.25 per cent for online betting. Operators would need to apply for a sports betting license, which would cost $1 million.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Kentucky introduces bill for legalising online poker and sports betting

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Expertise & Evolution – More Than Just News

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