Having legalized sports betting in Kentucky is expected to bring in an extra $23 million in state revenue annually, according to a bill that supported it. Since last Friday, Kentucky has officially included sports betting among its lawful gaming options. The new legislation is anticipated to strengthen Kentucky's economy, encourage tourism, and maintain more gambling revenue there. Friday saw the signing of House Bill 551, which makes sports betting permissible in the state. Governor Andy Beshear. After the legislation takes effect in late June, Kentucky will be the 38th state to permit sports betting.
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