• Kentucky Governor Pushes To Expand Gambling

    02 November 2012

    Newspaper

    Governor Steve Beshear doesn’t beat about the bush. In a Kentucky.com article, he stated “I don’t think it’s any secret that expanded gaming is one of the issues that I think should be addressed by the people of this state. And I am hopeful that we may be able to get a constitutional amendment passed in the upcoming session.”

    Whether or not it happens will depend on several factors, including approval by Kentucky voters. Since Gov. Beshear has had his eye on expanding gambling in his state since his election in 2007, he’s well aware that its approval is more than just a roll of the dice. He just wants to allow Kentucky citizens the ability to decide for themselves.

    In order to that, however, he needs the bill, which would be a constitutional amendment, to pass in the state Senate, something it has failed to do in the past.

    Why the push for increased gambling in Kentucky?

    Kentucky, known in several circles as the horse capital of the world, is finding it hard to stay on top of its casino-driven competition in neighboring states. Senator Damon Thayor, introduced  Gov. Beshear’s propsed amendment, pleaded the case that the horse industry needed the support of its government, and of its people. The bill’s opponents took the hard line of protecting Kentucky’s families from the downside of increased gambling exposure.

    An article on Kentucky.com provided that Kentuckians gamble an estimated $451 million each year in out-of-state casinos. Out of state, but not out of mind, as some representatives believe Kentucky is left with none of the tax benefits and all of the problems.

    With the current plan to reform the state’s tax code on the table, expanding the gambling within the state may take a back seat. The next meeting for the tax task force is set for November 8th, and its recommendations are due a week later. If everything comes together by the January legislative session, Gov. Beshear would like to reintroduce the amendment.

    Related News

    • 15 October 2015

      Daily Fantasy Sports Regulations Called on by Amaya

      The daily fantasy sports industry has been absolutely exploding in the past year, and one of the reasons why it's become so open in the United States is that it's not considered sports betting. It's also considered, for the time being, protected from the UIGEA thanks to a carve-out for fantasy sports. This rise in popularity has led to big deals with ESPN, major league sports teams and the leagues themselves, but a new scandal has the Amaya Gaming Group calling for regulation of the industry.

      Read full article
    • 27 February 2013

      Governor Christie Autographs NJ Online Gambling Bill

      It’s official: New Jersey is open for online gambling. After months of deliberation, negotiation, and compromise with the NJ Assembly and Senate, Governor Chris Christie signed a bill on Tuesday that makes online gambling in New Jersey absolutely legal within its borders. His decision to sign the bill was based on many factors, some of which were a complete reversal from his views two years ago when he vetoed a similar bill.

      Read full article
    • 24 January 2013

      Pennsylvania Senators and Governor could be at odds over online gambling

      Some Pennsylvania senators are seeking clarification from Governor Tom Corbett regarding the Pennsylvania Lottery and the ability for its private-run firm to possibly compete with state casinos through online gambling. The Lottery contract with the private firm, Camelot Global Services, was finalized last week for a 20- to 30- year term. While the agreement prohibits video poker, video poker-like games, and video lottery terminals, it is less clear on Internet gaming.

      Read full article