As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / News / Kentucky Budget Leaves Out Sports Betting

Kentucky Budget Leaves Out Sports Betting

Josh Schwartz
Josh Schwartz
Publish Date: 30/05/2021
Fact checked by: Mark Lewis

The state of Kentucky was looking to permit sports betting by the end of 2020, but that won’t be happening now.

After bettors in Kentucky got their hopes up with the election of pro-betting Democrat Governor Andy Beshear in November, legislation became derailed after state lawmakers passed a scaled-back, one-year budget that includes cash from a new tax on vaping, but casts aside proposals to increase revenue from sports betting and expand gambling licenses to casinos.

State lawmakers approved the streamlined one -year package (H.B. 352), which keeps government spending at current levels, earlier this month on a final 80-10 vote in the House after being approved earlier on a 34-0 vote in the Senate.

Resistance from conservative state senators and representatives coupled with the recent COVID-19 pandemic were the driving factors in the General Assembly’s decision to move quickly to prepare the budget.

In a normal legislative session, Kentucky lawmakers would pass a two-year budget, but the slowdown of the economy as a result of COVID-19 led them to opt for a one-year spending plan, which will require them to pass another one-year budget next year.

Details of the new budget

Licenced sports betting was a casualty of the dramatic economic downturn and resulting scaled-back budget, as were pay rises for school teachers and increased education funding. 

The new one-year proposed budget will take effect July 1 and calls for $11.6 billion in revenue, but top lawmakers say that final numbers will be lucky to hit $11.4 billion with the projected financial impacts of the novel coronavirus pandemic. Popular opinion is that $200 million loss could have been accounted for with the revenue from sports betting.

But state officials have stated that sports betting would not have helped the state out during this unprecedented time because of the suspension or postponement of all live sports.  Racing tracks are also shuttered due to the state emergency orders.

Earlier this year, it appeared that sports betting was going to become legalized in 2020 as House Bill 137 was introduced in January and quickly passed through committee with a unanimous vote by February. Unfortunately, the vote by the House of Representatives to send it to the Senate for approval never took place and the bill died out without further discussion.

Competition with nearby states  

On several occasions, Gov. Beshear told the media that Kentucky is losing betting dollars to neighbouring states, such as West Virginia and Indiana, that have facilitated wagering. Illinois took its first sports bet in March, while Tennessee and Virginia have approved sports betting legislation. There is proposed legislation on the table for Missouri and Ohio.

The Democrat’s win in November was seen as a boost to gambling supporters, but the suddenly stalled economy and resulting scaled-back budget upends his ability to capitalize on his election win and bring sports betting to Kentucky this year.

It appears the issue will have to wait until 2021 or later.

Read Also
March Madness Preview and Betting Guide
The NCAA basketball tournament is almost here!, and today we will talk ...
Can I bet on American sports in Canada?
As you may already know, online and in-person sports betting is legal ...
COVID-2019 Shuts Down Pennsylvania Casinos! The Five Best Online Casinos For You
Pennsylvania has a long history of casino gambling. But lately, things have ...
captaingambling Weekly: Legalization of Sports Betting in Michigan draws nearer and other news…
With the year gradually coming to an end, there are some exciting ...
captaingambling Weekly: DraftKings Online Debuts in Pennsylvania, and other news...
There are new events in the gambling word every day. Some news ...
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
94/100
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
92/100
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
90/100
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
9.5/10
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
9.4/10
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
9.2/10
FanDuel Sport
FanDuel Sport Promo
$1000 No Sweat First Bet
T&Cs apply
9/10
Posts
Show More
Betting Tips
Get the latest updates in Sports and Casino via our Newsletter
header-hero-image
MLB Daily Picks:
Drew's DFS Picks
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site