Legal sports betting is off to a fever pitch in Kentucky. Governor makes first bet on his

 

LOUISVILLE, Ky. - In a quick transaction, Kentucky Democratic Gov. Andy Beshear ended $20 bets on two of his home state's college football teams and their archrival schools, making them legal. suggested that. Sports betting is in full swing in the Bluegrass State.

The Democratic governor held the first sports betting at historic Churchill Downs, home of the Kentucky Derby, fulfilling his administration's promise to introduce sports betting in time for the NFL regular season. 아시안커넥트 추천

"This is entertainment," Mr. Beshear said. “This is what Kentuckians were looking for. It will promote tourism. "This will ensure that we don't lose so many people to Las Vegas in the first few rounds of the NCAA Tournament." 핀벳88(피나클) 회원가입

  Eyeing national voter support in a state election year, the governor is pushing the University of Kentucky ... The University of Louisville will win more games this season than oddsmakers expect. The third part of the $20 bet, which all has to happen for Beshear to make money, is that Duke University, a longtime basketball rival between Kentucky and Louisville, will win in a football game this season. The idea was that the number of wins would be lower than expected. BTI sports 도메인추천

  All winnings from the historic first sports betting event at the racetrack will be donated to the Louisville Sports Commission, officials said. Sports betting facilities opened elsewhere in the state Thursday during the first phase of the rollout. State Senate Majority Leader Damon Thayer, Republican Frankfort, a sponsor of the sports betting bill, gambled himself at a Lexington gambling facility. "Starting today, Kentuckians won't have to take their hard-earned money out of the state just to play sports betting," said the Republican lawmaker. Mobile betting, which allows you to bet online via your smartphone, will launch later this month. The company is expected to bring in about $23 million in annual revenue to the state, although some supporters predict higher. Most of the income goes to Kentucky's public pension system. It would also prevent proceeds from being diverted to other states where Kentuckians have previously placed sports bets. Sports betting became a reality after a long political struggle. The state's Republican-controlled Legislature completed work on a bill to legalize, regulate and tax sports betting in the final hours of its annual legislative session in late March. Mr. Beshear quickly signed the bill into law. For some Kentuckians, the introduction of sports betting was a milestone they thought would never happen after legalization proposals failed in recent years. However, critics of sports betting consider it an addictive form of gambling that harms Kentucky families. A small percentage of the revenue from the sports betting tax goes to a fund to fight problem gambling. "This expansion of predatory gambling is a loss to Kentuckians, especially children and vulnerable populations," Family Foundation Executive Director David Walls said in a statement. The U.S. Supreme Court paved the way for legalizing sports betting five years ago, and nearly three-quarters of states have legalized it since then.

In Kentucky, which calls itself the Horse Racing Capital of the World, betting on horse races is a time-honored tradition. In recent years, the state's racetracks have benefited from new forms of gambling. Slot machines are similar to historical horse racing machines, allowing you to bet on randomly generated past horse races. Games usually show condensed video of the race. The state is now implementing sports betting at racetracks and other horse racing-related venues. Beshear, who pushed for the legalization of sports betting throughout his term, gave state regulators an accelerated timeline to implement rules to oversee new forms of gambling. Kentucky's sports betting debut came on the same day the defending Super Bowl champion Kansas City Chiefs hosted the Detroit Lions in the first game of the NFL season. The governor, who is up for re-election in November, could benefit politically from his support for legalizing sports betting. Beshear said he was successful in presenting his case for a second term to voters. Beshear is being challenged by Republican Attorney General Daniel Cameron. Cameron's campaign tried to deflect confirmation from the sitting governor. "Congress deserves credit for getting this ball down the field," Sean Southard, a spokesperson for Cameron's campaign, said in a statement. I'm trying to take credit for it." The Governor responded that his office is working closely with legislators on the bill. "You all know the truth," Beshear responded to his Republican critics. "It's election season. But why aren't we happy just today? Sports betting is legal in Kentucky. So let's stop playing politics. "