House Bill 551 entitled “an ACT relating to wagering and making an appropriation therefor” which aims to legalize sports betting in the state of Kentucky has passed committee and is set to be voted on in the House.
The bipartisan bill was introduced to the House on February 22 of 2023 by Representative Michael Meredith (R) with the support of 15 other cosponsors.
It has passed through the House Committee on Licensing, Occupations, and Administrative Regulations after being reported favorably.
The bill is set to be voted on by the House floor today (March 13). It must pass in the House before moving onto the Senate.
Under this legislation, Kentucky racetracks would be able to partner with operators to offer both retail and online sports betting. Regulatory measures would be carried out by The Kentucky Horse Racing Commission.
This bill reflects the awaited push for sports betting in the state that hosts the most popular racing event in the US.