Kentucky Approves Sports Betting Operators – The 2023 Law News

Kentucky approves sports betting operators! While only a handful of companies have the official green light, trustworthy options like VAVE Sportsbook are also available. This move follows the state’s efforts since 2018 when the US Supreme Court allowed states to legalize sports betting. Thanks to House Bill 551, online sports betting starts on September 28, with deposits open from September 7. Roughly 30 online platforms, including horse racing, could get licenses, partnering with local venues. 

We are here to announce the great news Kentucky has been waiting for decades now. Kentucky approves sports betting operators in 2023! This means that you can go ahead and pre-register at the online sportsbook sites in the US. Keep in mind that they have only distributed legal licenses to a few companies. However, this doesn’t mean that you can not access them.

Simply, if some trustworthy, yet by Kentucky laws unlicensed operator decides to operate, they will get sued. However, you as the bettor do not get any penalties whatsoever. What happened? Why did Kentucky decide to legalize online sports betting all of a sudden? We are going to review it today!

Kentucky Approves Sports Betting Operators

Yes, you have heard the news. And without further ado, it’s time to register at VAVE Sportsbook. Because they are one of the biggest, international operators out there. While they are not among the licensed sites, they are still considered a trustworthy off-shore business. However, it seems that Kentucky doesn’t want to give out the gambling license for free. 

According to Twitter, the main reason behind the whole legislation is the fact that there were only two remaining states in the region which wasn’t allowing for betting. Which means that the Kentucky sportsbooks are launching. They came with a rather great success, and right now the approved sports betting platforms are planning an expansion to physical betting areas. As long as Kentucky cooperates, of course.

The House Bill For Online Betting Is Confirmed

Online sports betting will receive the green light starting at 6 A.M. on September 28. This means that it has been legal on day one, and it has been breaking records. HB 551 was the approved suggestion which has proceeded to the house and got approved. Therefore, Kentucky is officially allowing online sports betting now. Depositing is becoming available from Sept 7. Up to 30 online sports betting platforms may receive their license in the area.

This includes horse races too. According to IGB Kentucky approves sports betting operators but online operators may partner with land-based venues. This means that these businesses are regulated, yet they will be the responsibility of the land-based institutes. This gives an inning for Las Vegas companies to Kentucky places.

Kentucky Approves Sports Betting Operators – One State Left

Now that we have this out of the bag. Let us say that there is only one single state in the region that is not allowing online sports betting yet. This means that Missouri is the only one among its neighbors that did not embrace the opportunities coming with this market. And unfortunately, we all know how it all goes.

Those living in Missouri will probably use Bovada or VAVE Sportsbook. However, those who do not want to use offshore gambling sites, will just simply drive to Kentucky and place some bets during the Super Bowl. Therefore, the state has lost the opportunity to monetize the market. Maybe in 4 years, it will be a good opportunity to approve a bill. Until then just read the best odds on the elections in the US.

KY Lawsuit With Bovada

Kentucky approves sports betting operators, but not without a fee. – Ouch, there is bad news for the fans of Bovada. While the whole site is not unethical, or bad at all. At the same time, Kentucky has made it so that all of these operators must partner up with land-based institutes to operate. Furthermore, they must purchase an operating license to do so. Well, Bovada did neither for now. Furthermore, they have been available in the domain for as long as the company existed.

This means that Kentucky has decided to strike down on Bovada with a lawsuit, to show other operators that licensing is indeed required. While it is absurd, and the American restrictions are among the weirdest gambling laws around the world, all sportsbooks must comply with the local law.

The KY Community Reception

Now that Kentucky approves sports betting operators, let’s see what the community of Kentucky has to say about all of this. A part of sports enthusiasts have always wanted to place bets on their favorite teams. However, there is another side of the community who is upset that there is just ‘another option to waste money’. However, some people even raised their voices on gambling issues. According to Reddit, the general answer to these concerns is that it is similar to video games.

You can get hooked to video games, and it may even take over your life. But the general video game enjoyers? They just play for a few hours, and then they go on with the rest of their business. Therefore, it is only fair to allow people to do what they want. Those having issues should seek out help. Remember to always play with responsibility! 

From Now Kentucky Approves Sports Betting Operators

Finally, we would like to remind you to keep track of our US betting legislation megathread. Because this is where you can see which states have legal sportsbook sites and which don’t. Furthermore, I recommend you to still attempt to make a registration at sites such as VAVE Sportsbook.

Because I am more than certain that they are going to acquire and pursue a legal license with a partner. Therefore, Kentucky is an amazing market, and websites shouldn’t miss out on the opportunity to establish themselves in their online domain. Neither should you miss out on the fair and amazing odds that come at VAVE.