27% Of Kentucky Worries Sports Betting Will Hurt Horse Racing: Survey
According to a Gaming Today survey, 27% of Kentucky residents worry about the impact of sports betting on the state's horse racing industry.
Steve Schult is a veteran of the gambling industry with more than a decade of experience covering the space. After earning his journalism degree from Marist College, the New York native began covering high-stakes poker tournaments and the U.S. gambling industry for various outlets. Following stints as a writer for Card Player Media, Bluff Magazine, and the World Series of Poker, Schult joined Catena Media and has managed coverage for a handful of states.
According to a Gaming Today survey, 27% of Kentucky residents worry about the impact of sports betting on the state's horse racing industry.
Kentucky gaming attorney Laura Holoubek says the commission's experience regulating horse racing has it prepared to take on sports betting.
The Kentucky Public Protection Cabinet said they will vote on sports betting license applications on Aug 22.
Despite Kentucky's historically quick timeframe, ZwillGen Senior Counsel Nick Jackson doesn't foresee problems for its sports betting launch.
None of the seven Division I athletic programs in Kentucky will be implementing new rules to protect athletes from angry sports bettors.
Kentucky Gov. Andy Beshear said sports betting should generate about $23 million in new tax revenue, which translates to a 10-figure handle.
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