Author: The Cincinnati Enquirer
Preliminary sports wagering numbers indicate Kentuckians have bet nearly $250 million and about 500,000 wagering accounts have been created on mobile applications since sports betting was legalized, Gov.Andy Beshear recently announced.Since Sept.7, when in-person wagering opened at retail sportsbooks in Kentucky, more than $15.7 million has been wagered at the state's licensed retail sportsbooks.More than $232.3 million has been bet using mobile devices since that became available Sept.28 in Kentucky.WANNA BET? Check out the latest Bengals odds and sportsbook promotionsSports betting is expected to increase the state's revenue by an estimated $23 million a year after full implementation.Kentucky has followed multiple states that chose a tiered implementation, allowing for testing of policies and procedures.House Bill 551 established an excise tax on sports wagering: 9.75% on adjusted gross revenues on wagers made at a licensed facility and 14.25% on wagers placed online or on a smartphone.Reach sports reporter Brooks Warren at [email protected] and follow him on X at @Broookksss.Charlie's Chalkboard: Newsletter has inside info for Reds and Bengals fansFacebookTwitterEmail
