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It’s almost time to finish the 2021 Kentucky Derby, an occasion when more than 150,000 people fill the Louisville Churchill Downs to drink mint julepe and place horse bets.
A smaller crowd of about 45,000 more people will attend this Saturday’s iconic race under the racetrack’s COVID-19 protocol, but the horse on site will still succeed at at least tens of millions of dollars.
The amount of money wagered on sports on the Downs this weekend is zero.
The explanation is simple: sports are not legal in Kentucky. Not that Kentucky state representative Adam Koenig has not attempted to subject sports to Kentucky law. legalize sport in the state of Bluegrass for 3 years, with limited success.
Koenig told Gaming Today in a phone interview on his way to Kentucky Oaks at Churchill Downs this morning that his 2021 sports betting bill had split to save the state’s most lucrative historical horse racing industry (HHR). resolution to place HHR above sports betting in the normal 2021 session, but the demise of its 2020 Sports Betting Bill is another story.
If game betting had been legalized in Kentucky last year, Kentucky Derthrough enthusiasts could bet on the game at Churchill Downs, Keeneland Racetrack in Lexington and other Kentucky tracks this weekend, Koenig said. , anywhere in the state, an application approved by the Kentucky Horse Racing Commission.
It is estimated that $22. 5 million in new state profits can be injected into Kentucky only from sports under Bill 2020, which would also legalize online poker and fantasy sports in the Commonwealth.
2020 seemed like the most productive possibility for Koenig to date to bring retail and cellular sports betting to kentucky’s horse racing tracks and its only qualified professional sports site: the Kentucky Speedway professional motorsport track in Sparta.
The 2020 bill was unanimously approved through koenig’s committee, won by House bipartisan, top tactician and Governor Andy Beshear, where he failed are the votes of Koenig’s own party.
In short, the bill never asked for a vote in the House, but he re-entered the committee, where he died.
Koenig said one of the reasons legal sports betting is so elusive in Kentucky is the state’s rural-urban division: the large urban spaces in Kentucky sports betting, unlike rural spaces.
“It is a rural-urban and one of R
The merit of sports for Kentucky is not only a tax issue, it is also a matter of economic development, as Koenig mentioned. Five of Kentucky’s seven neighbouring states, with the exception of Ohio and Missouri, have legal sportsArray.
This means that Kentucky loses cash to sports betting states every year.
“There are many other people who send me tweets every single weekend with pictures of them crossing the bridge to Jeffersonville, IN, or Evansville, IN, to place their bets and then move on home,” Koenig said. we lose here in this state. “
The effect on government revenue is also very genuine. Koenig said real cash lost through the Kentucky Commonwealth due to illegal sports betting was $25 million a year.
“This is cash that is not raised across the state and can go, as we say in the bill, to drug prevention and funding our pension formula, which is about $40 billion to $60 billion in the hole,” he said. . .
Koenig does not aim to avoid lobbying in favor of legal sports betting in Kentucky and says he will be back in Frankfurt next January with a proposal that will pass the legislative meeting.
“I have a new optimism that, you know, we passed the HSR this year, and there are rural members who voted for (the HHR bill) who realize that this is not the death sentence of their political career,” Koenig said. they gave them home, many other people thanked them. “
Regarding the transition to sports betting in Kentucky with fixed-odds horse betting, Koenig said he is still in favor of sports betting in general.
“I think it’s much more likely that sports will disappear,” he said. “I’m also in favor of constant probabilities, however, it’s a confusing subject. Everyone understands sportsArray and knows it happens normally. So I think it’s a much less difficult sale. “
Is there any chance that Governor Beshear will call a special consultation on sports betting?Maybe, but Koenig doesn’t know the odds.
“If that’s the case, no one told me, ” he said.
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