Kentucky Geolocation Data Shows Sports Betting Spike with Start of Mobile Wagering

“For comparison, this was nearly double the amount of transactions and accounts from Louisiana, a similarly sized state during this same 24-hour period,” a GeoComply spokesperson told Covers via email.began earlier this month at brick-and-mortar racing and gaming facilities. The state has yet to reach its full allotment of online sportsbooks, as 21 other licenses remain available for mobile operators.

Kentucky’s mobile launch is also important because that is where the bulk of wagering will happen and where the lion’s share of revenue for operators and the state will come. The governor’s office is floating the figure of around $23 million a year in tax revenue from sports betting when it is fully implemented, most of which would help fund the state’s pensions.

"Sports wagering has already been a big hit in the commonwealth, with more than $4.5 million already bet, and that means that those dollars stay here in Kentucky," Gov. Andy Beshear said in a video on social media on Thursday."Everybody enjoy, do it responsibly, but know that this is a win-win for Team Kentucky, as these dollars will help our people."

Source: Law Daily Report (lawdailyreport.net)

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