The eagerly anticipated launch of online sports betting in Kentucky is set to become a reality as BetMGM opens account registrations in preparation for the grand kickoff on September 28.
BetMGM’s Account Registrations and Introductory Bonus:
BetMGM has officially initiated account registrations in Kentucky, building anticipation for the imminent online sports betting launch scheduled for September 28. As an enticing welcome gesture, the platform is offering an introductory bonus of $100, providing early registrants with added value for their participation. This move is poised to draw in a wave of sports enthusiasts eager to engage in a dynamic and rewarding sports betting experience with BetMGM.
Strategic Partnership with Revolutionary Racing Kentucky:
BetMGM has secured a market access deal with Revolutionary Racing Kentucky, paving the way for a collaborative venture in the form of a 5,200-square-foot retail BetMGM Sportsbook at Sandy’s Racing & Gaming. This strategic partnership positions BetMGM as a prominent player in both the online and retail sports betting segments, offering a comprehensive and versatile platform for sports wagering enthusiasts in Kentucky.
Key Regulatory Approvals and Launch Dates:
Governor Andy Beshear recently announced a significant milestone in the journey towards legalized sports betting in Kentucky. The Kentucky Horse Racing Commission (KHRC) has granted temporary licenses for sports wagering operators and service providers. Retail sports betting is slated to commence on September 7, coinciding with the kickoff of the NFL season. The much-anticipated mobile operations are scheduled to go live on September 28, marking a pivotal moment for sports betting enthusiasts in the state.
Revenue Impact and Community Initiatives:
The introduction of sports wagering in Kentucky is expected to have a substantial impact on the state’s revenue, with estimates suggesting an annual boost of approximately $23 million upon full implementation. This revenue injection will play a crucial role in supporting the oversight of sports wagering operations and contributing to the Kentucky permanent pension fund. Furthermore, 2.5% of the generated revenue will be allocated to the problem gambling assistance account operated by the Cabinet for Health and Family Services, underscoring a commitment to responsible gaming practices and community well-being.
BetMGM’s imminent foray into the online sports betting landscape in Kentucky marks a significant milestone for both the platform and sports enthusiasts in the state. With account registrations now open and an enticing $100 introductory bonus, the stage is set for a dynamic and engaging sports betting experience. The strategic partnership with Revolutionary Racing Kentucky further solidifies BetMGM’s position in both the online and retail segments. As Kentucky prepares for the kickoff of retail sports betting on September 7 and the subsequent online launch on September 28, the state anticipates not only a surge in sports wagering excitement but also a positive impact on revenue and community initiatives.