Governor Andy Beshear has signed House Bill 551, making Kentucky sports betting legal. The bill passed the Senate earlier that day by a 25-12 vote, despite facing long odds on the last day of the legislative session. The law allows for in-person and online sports betting at Kentucky Speedway and the state’s nine horse racing tracks, with a $500,000 upfront fee and an annual renewal cost of $50,000. Participating tracks can contract with up to three service providers for sports wagering services, giving Kentuckians up to 27 sportsbook options. Service providers will have to pay $50,000 for an initial license…
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