Kentucky will legalize and tax sports betting starting at the end of June after Gov. Andy Beshear signed a bill.
The measure, HB 551, establishes a new 9.75% excise tax on the adjusted gross revenues on wagers made at a licensed facility and a 14.25% tax on wagers placed online or on a smartphone.
“Now, after years of urging action, sports betting is legal in Kentucky,” the Democratic governor said in a news release Friday. “Kentuckians will soon be able to place their bets here, and for the first time, we are going to keep ...
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