Kentucky Horse Racing Commission To Vote On Sports Betting Rules
The Kentucky Horse Racing Commission will be voting on the regulations for the upcoming betting market on today. The vote will take place during a special meeting that has been scheduled. These regulations will aim to set the framework for the impending launch of Kentucky mobile sportsbooks.
Kentucky Market Moving Steadily Towards Launch
The target for an NFL Week 1 launch of sports betting in Kentucky has been a focal point for lawmakers. Gov. Andy Beshear confirmed the target during a recent Team Kentucky press conference.
“I am thrilled at the speed at which sports betting is moving to become operational here in Kentucky,” said Beshear. “We set a very aggressive goal to have it up and running before the first game of the NFL season and I believe we’re on track to do that.”
Setting the regulations on today will be a major step towards reaching this goal. Lawmakers will use these rules to determine the licensing process for the best sports betting sites. The regulations will include licensing fees and advertising rules. A public comment phase will be set for 40 days to allow locals to review the rules.
Commissioners are hoping to adopt these rules to allow for the successful launching of sportsbooks in time for NFL betting. Many signs have shown that this timeline could become a reality for the Bluegrass State.
Preparations For Launch
Operator deals have already begun rearing their heads. FanDuel recently announced partnering with Churchill Downs. This allows the popular sportsbook to launch in Kentucky. Caesars Sportsbook has also already partnered with Keeneland And Red Mile for market access ahead of launch.
“Keeneland and Red Mile are iconic horse racing venues with an important legacy in the state of Kentucky,” said Eric Hession, president of Caesars Digital. “Customers in the region have long enjoyed our world-class Caesars destinations and, most recently, our horse racing wagering app, Caesars Racebook. Working with these historic institutions provides an unmatched opportunity to reach sports and racing fans in the state, and we look forward to working with the Kentucky Horse Racing Commission as we prepare to launch later this year.”
With these partnerships being set before the regulations are confirmed, it shows optimism that the sports betting launch is incoming. The Horse Racing Commission is working hard to reach its launch timeline goals.