KY lawmaker seeks to advance statewide sports games
LOUISVILLE, Ky. (WAVE) – A Kentucky state legislator is considering making another bet to legalize sports gambling statewide.
Rep. Adam Koenig (R-District 69) plans to introduce another bill that, if passed, would legalize sports gambling in Kentucky.
“I’m not leaving here until I’m done,” Koenig said.
Koenig filed similar legislation in 2020 and 2021, but could not get the necessary support.
He told WAVE News on Tuesday that the new bill would generate tax revenue that he says could exceed $20 million a year. This money would be allocated to the state pension fund.
“Three years ago, the study showed $22.5 million,” Koenig said. “I think that’s frankly conservative, especially with other states overshooting their projections.”
Koenig’s bill follows a major expansion of Churchill Downs Incorporated.
The company announced on Tuesday that it had agreed to buy most of Peninsula Pacific Entertainment’s (“P2E”) gaming centers and casinos for $2.485 billion, including those in Virginia, New York, and its casino operations. in Sioux City.
The idea of a full sports game expansion is music to Sandy Heindsley’s ears.
As the owner and operator of Rootie’s Sports Bar & Grille on Westport Road, she believes that if sports gambling were legalized her bar could bring in around 20% more money.
“I think it would make things a lot busier because we’re losing a lot of people to Indiana,” Heindsley said. “If they could stay in their local bar where they want to be and they could play here, that would have a huge impact.”
Koenig told WAVE News he plans to file the bill next week.
According to AmericanGaming.orgKentucky is one of nine states where a sports game is not on the legislative books.
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