Sports betting legalized in Kentucky

Comment #11

Stack47 — Tue, 11 Apr 2023 03:11:09 GMT

Am hoping that this goes away and have genuine slot machines.

The Red Mile must have newer slot machines because most say nothing about historical horse racing. And they have a huge off track betting area upstairs.

across the river where it is automatic $1199 and above

Doesn't the IRS control how gaming winnings are taxed

Comment #10

Stack47 — Sat, 08 Apr 2023 03:30:49 GMT

You cannot play Keno on-line from approximately 0200-0500/seven days a week.

But you can play other Online games 24/7.

Comment #9

KY Floyd — Sat, 08 Apr 2023 01:39:09 GMT

Do they not realize that sometimes it's the poor people who win the money?

Do you realize that the way gambling is profitable for the people who run it is because people lose more than they win? The net cash flow is out of gamblers' pockets, not into it. That said, I suspect that most of the legislators who oppose gambling are actually opposed for reasons other than the possibility that their constituents might lose money.

Comment #8

Bleudog101 — Fri, 07 Apr 2023 12:54:40 GMT

When the news said this had passed and Governor Beshear signed this it came as a shock.

Like I said in November prior to it coming to a vote, WDRB interviewed me and I said, wearing my KY lottery hat that folks are going to gamble and go to other states if they can't get it here or words to that effect. This was on my way into Derby City Gaming, Louisville, KY.

'They' have six months to get their act together so to speak for sports betting. The new plywood closed section of DCG you can... [ More ]

Comment #7

Bleudog101 — Fri, 07 Apr 2023 12:48:29 GMT

As you probably know that gray machines are supposed to be outlawed very soon.

You cannot play Keno on-line from approximately 0200-0500/seven days a week.

I'm sure you know the slot machines which I agree with you on are still called Historical Racing Machines (HRM). Am hoping that this goes away and have genuine slot machines. Paying taxes on small wins due to small wagering is for the birds. Folks have explained it to me the higher the wager sometimes no taxes unlike across the river... [ More ]

Comment #6

Artist77 — Tue, 04 Apr 2023 19:40:11 GMT

If you are taking retirement accounts and net worth into consideration, I have no doubt the recent winner who worked at Boeing for 30 years was worth a couple of million pre lottery win. But in 98% of cases, there is no evidence as to their level of income or career.

Millionaires are very common in certain areas and a million does not really mean that much today.

Comment #5

Kate — Tue, 04 Apr 2023 18:01:36 GMT

That is excellent food for thought, Wendy! And thank you for the suggestion, Mata Garbo

Comment #4

Mata Garbo — Tue, 04 Apr 2023 16:25:33 GMT

That's a very interesting question, Wendy. But in my opinion, just based on the fact that there are a lot more poor and middle-class Americans than there are millionaires and billionaires I would think that most of the winners are not very wealthy. The wealthiest big winner I can remember was a guy names Jack Whitaker who owned his own business, which might have been a construction company. You just never hear of any rich athletes or Hollywood celebrities winning the lottery. What makes the lott... [ More ]

Comment #3

Wendy777 — Tue, 04 Apr 2023 12:50:39 GMT

Hello.

I wonder what the statistics are comparing the poor and the rich who win the lottery.

Comment #2

Stack47 — Tue, 04 Apr 2023 01:19:04 GMT

There will be people hurt by this, Senator Whitney Westerfield said of the bill. There will be people who can't afford to bet, who will bet anyway.

Somebody should tell Westerfield that we already have 24/7 Online lottery wagering, race tracks, off track betting, and gray slot machines. Oh and a couple race tracks have legal slot machine wagering.

Comment #1

Mata Garbo — Tue, 04 Apr 2023 00:02:02 GMT

I can not believe there are still people like Senator Westerfield who think that somehow more betting will hurt people. Do they not realize that sometimes it's the poor people who win the money? The Senator's heart is in the right place, but it's a little misguided.

Sports betting legalized in Kentucky

Lottery Post — Mon, 03 Apr 2023 16:30:52 GMT

Kentucky becomes 38th state to legalize sports betting

By Kate Northrop

A bill supporting legalized sports betting in Kentucky has passed and is estimated to generate an additional $23 million in revenue for the state per year.

As of Friday, sports betting is set to have an official spot among legal gaming avenues in the state of Kentucky.

The new law is expected to add to the state's economic momentum, boost tourism, and keep more gambling revenue in Kentucky.

Governor Andy... [ More ]