said<\/a>.<\/strong><\/p><\/blockquote>\nEarlier in the summer, State Rep. Jason Nemes announced he was assembling a nine member bipartisan committee of both state senators and representatives to work on sports betting legislation.<\/p>\n
Feed The Horses<\/h2>\n
Thayer said that it is important that whatever regulations are put in place, if any, support the horse racing industry. Carroll\u2019s bill places oversight duties in the hands of the Kentucky Horse Racing Commission.<\/p>\n
According to BR29, the racing commission would keep half of all license fees to offset regulation costs and the other half would be placed in a sports wagering trust fund. Ten percent of the money in that trust fund would be used for the Kentucky Thoroughbred development fund.<\/p>\n
The bill also states that \u201call moneys held in the fund shall be invested by the racing commission in accordance with the racing commission\u2019s investment practices, and all earning from the investments shall accrue to the benefit of the fund and the Commonwealth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A Kentucky State Senator is optimistic that the state legislature will approve legalized sports gambling during the upcoming 2019 legislative session, and went a step further, saying the Bluegrass State should be one of the states leading the way. Speaking recently, Kentucky Senate Majority Leader Damon Thayer said, \u201cI don\u2019t want us to be one […]<\/p>\n","protected":false},"author":40,"featured_media":87880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,14577,13,13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Kentucky Legislators Prep for Sports Betting, Governor's Stance Unknown<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n