January 15, 2020 3:14pm
Sports betting bill passes House Committee
Momentum is building behind sports wagering legislation in Frankfort. This morning, the House Licensing, Occupations, and Administrative Regulations Committee voted unanimously in support of House Bill 137. This legislation, sponsored by Representative Adam Koenig (R-Erlanger) and Representative Al Gentry (D-Louisville), would authorize sports wagering in the Commonwealth and establish effective systems to regulate and tax it.
One of GLI’s top 2020 priorities, passage of House Bill 137 would create new business opportunities in greater Louisville, send a positive message to businesses and individuals outside of the state, and bring in much-needed new tax revenues. Economists estimate that House Bill 137 could generate $225 million over the next ten years to support education and fund Kentucky’s ailing public pension system.
Many of Kentucky’s surrounding states have already taken action to authorize, regulate, and tax sports betting – and many Kentuckians are already placing bets on sports and adding to the coffers of other states. 2020 is the year for the General Assembly to allow sports betting in the Commonwealth.
Click here to send a message of support for House Bill 137 to your senator and representative in Frankfort!