State lawmakers place their bets on sports gambling
5 years, 10 months ago

State lawmakers place their bets on sports gambling

Associated Press  

Kentucky’s public employee pension system, $39 billion in the red, is among the worst-funded retirement plans in the country and has vexed lawmakers for years as they sought a solution. An analysis of the Kentucky bill found that taxes on sports betting — set at 10.25 to 14.25 percent of the sportsbooks’ winnings — could bring the state $20 million annually in revenue. State Rep. Chris Fugate, a Republican who represents an eastern Kentucky district, is one of several lawmakers who question whether legalizing sports betting is worth it because of the potential social cost. “It’s already occurring in North Dakota,” state Rep. Michael Howe said Wednesday as the House passed a sports betting legalization bill. “Let’s keep that money in North Dakota for charities, addiction services and tax revenue.” Whether to allow betting on college sports is among the provisions lawmakers in several states are considering.

History of this topic

Scandals, some changes in public perception highlighted the year for sports betting
3 weeks, 1 day ago
The president of the NCAA calls for a ban on 'prop bets' in college sports
3 weeks, 3 days ago
Sports betting wins narrow approval in Missouri after high-dollar campaign
1 month ago
The state that cleared the way for sports gambling now may ban ‘prop’ bets on college athletes
1 month, 3 weeks ago
Bill would ban sports betting ads during games and forbid bets on college athletes
3 months, 4 weeks ago
States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel
6 months, 4 weeks ago
NCAA president: prop betting on college athletes ‘enormously problematic’
9 months ago
NCAA President Charlie Baker urges states with legal wagering to ban prop bets on college athletes
9 months, 2 weeks ago
It’s March Madness and more people than ever can legally bet on basketball games
9 months, 3 weeks ago
Panel says New York, Maryland and maybe California could offer internet gambling soon
10 months ago
Mississippi House passes bill to legalize online sports betting
11 months, 1 week ago
Georgia Senate passes sports betting bill, but odds dim as constitutional amendment required
11 months, 1 week ago
Senators push for legalized sports gambling in Georgia without a constitutional amendment
11 months, 1 week ago
Online sports betting arrives in Vermont
11 months, 4 weeks ago
The odds for more sports betting expansion could fade after rapid growth to 38 states
1 year ago
Legalized sports betting continued to grow in 2023, though some significant states remain resistant
1 year ago
Legalized sports betting continued to grow in 2023, though some significant states remain resistant
1 year ago
Kentucky’s revenues from sports wagering on pace to significantly exceed projections, governor says
1 year, 1 month ago
Missouri’s pro sports teams push to get legal sports gambling on 2024 ballot
1 year, 3 months ago
Legal sports betting opens to fanfare in Kentucky; governor makes the first wager at Churchill Downs
1 year, 4 months ago
Athletes’ confidence, competitiveness explain willingness and risk to bet on own games, experts say
1 year, 4 months ago
Kentucky will roll out sports betting for retail on Sept. 7, in time for the start of NFL season
1 year, 6 months ago
North Carolina sports, horse-race betting legislation backed by Senate in key vote
1 year, 7 months ago
Why sports betting is everywhere.
1 year, 7 months ago
As legalized gambling becomes pervasive, NCAA rules against it remain strict with tough penalties
1 year, 8 months ago
Sports betting bill wins final OK from Kentucky lawmakers
1 year, 9 months ago
Missouri House passes bill to allow sports gambling
1 year, 9 months ago
All bets are off: Georgia lawmakers nix legal sports betting
1 year, 10 months ago
Sports betting in Georgia dealt a setback in state Senate
1 year, 10 months ago
Sports betting is back on agenda at Minnesota Legislature
1 year, 10 months ago
Georgia senator seeks statewide vote for sports betting
1 year, 10 months ago
ND House passes legislation to legalize sports betting
1 year, 11 months ago
Massachusetts lawmakers reach compromise on sports betting
2 years, 5 months ago
New sports betting bill puts Minnesota tribes in control
2 years, 10 months ago
Minnesota lawmakers take another shot at sports betting bill
2 years, 10 months ago
Bill legalizing sports betting in Ohio heads to governor
3 years, 1 month ago
Half of US offers legal sports betting as NFL season begins
3 years, 4 months ago
Enough NC senators agree sports gambling bill is good bet
3 years, 4 months ago
California voters will decide in 2022 whether to allow sports betting
3 years, 7 months ago
Ohio making another play at legalizing sports betting
3 years, 8 months ago
Minnesota lawmakers to reintroduce sports betting bill
3 years, 11 months ago
New Hampshire becomes latest state to offer sports betting
5 years ago
Make California sports betting legal? Lawmakers propose measure to go on 2020 ballot
5 years, 6 months ago
Handful of US states are poised to legalize sports betting
5 years, 8 months ago
Competing proposals could dictate sports betting in Ohio
5 years, 8 months ago
Indiana sports betting, new casinos won’t mean windfall
5 years, 9 months ago
Legalized betting could change how we watch sports
5 years, 9 months ago
Legalized sports betting unlikely in 3 largest US states
5 years, 10 months ago
Sports betting bill advances in Kentucky legislature
5 years, 10 months ago

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