Governor Andy Beshear of Kentucky has proudly revealed that the state’s recently established sports betting market has seen substantial activity, with close to $250 million in wagers placed since its launch.
Kentucky’s Two-Part Sports Betting Debut
Kentucky’s sports betting journey unfolded in two distinct phases. Initially, retail sports betting made its debut on September 7, followed by the launch of online sports betting on September 28.
Impressive Revenue and Wagering Figures
Retail sports wagering accounted for an impressive $15.7 million in revenue, while a substantial $232.3 million in bets were placed through mobile devices. Since the sports betting market’s inauguration, a remarkable 500,000 betting accounts have been created.
Governor Beshear’s Optimistic Words
Governor Beshear expressed his satisfaction with the market’s performance, stating, “It took many years and a lot of hard work to get here, but we got it done!” He went on to say, “And now those dollars are staying in our commonwealth to make this a better place to call home for all our families.”
Landmark Sports Betting Legislation
The development of Kentucky’s sports betting market stems from the landmark legislation signed by Governor Beshear in April. The law officially came into effect on July 1 and allowed for both retail and online betting. This encompassed a wide range of betting options, such as professional and college sports, international sports, e-sports, and video game events.
Kentucky’s thriving sports betting market is a testament to the potential and enthusiasm for sports wagering in the state, bringing a significant economic boost and fostering a sense of community.