Sports betting is thriving in the Commonwealth.
During a special meeting of the Kentucky Horse Racing and Gaming Corporation Dec. 10, director of sports wagering Hannah Simms said that since sports wagering was made legal in September 2023 and through October of this year, $2.9 billion worth of bets have been placed in Kentucky. This figure reflects retail and online wagering and has brought in $46.1 million in state excise taxes. October 2024 accounted for $274.9 million, which generated $2.9 million in state excise taxes.
Pari-mutuel wagering division resource manager Melissa Combs-Wright said the numbers comparing October 2024 to October 2023 are also favorable. With $17.3 million bet, there was a 2% increase year over year. Meanwhile, Commonwealth tracks saw $7.5 million in simulcast wagers and historical horse racing was up $819 million, up 12% from October 2023. She noted that total advanced deposit wagering handle…
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