Sports
December 18, 2020
KY Gov. Beshear Asks Republicans to Legalize Betting in 2021
Sports betting legalization is once again being brought by Gov. Andy Beshear who has been trying to legalize the industry for years, arguing it could help the public purse. KY Gov. Beshear Continues to Push for Regulated Sports betting Gov. Andy Beshear has urged state legislators to come together and bring Kentucky closer to a […]
Sports
August 13, 2020
Kentucky Derby to Return, But Occupancy Limited Says Andy Beshear
The Kentucky Derby will take place on September 5, hosting supposedly only 40% of the regular venue capacity. Yet, according to Gov. Andy Beshear, the occupancy limit may fall to 15%. The Derby to Return, Occupancy Limited With the Kentucky Derby returning, Churchill Downs officials have released 63-page guideline on how the event is going […]
Business
May 3, 2020
CDI Reported Q1 Revenue Drop, Re-Opening of Churchill Downs Racetrack in Sight
Churchill Downs Incorporated /CDI/ has recently released its first quarter financial report posting net revenue of $252.9 million, down 5% compared to Q1 in 2019. The company posted net loss for the quarter to the extent of $23.4 million, in total contrast with the $11.6 million profit generated the year before. Adjusted earnings before interest, […]
Sports
April 6, 2020
Horse Racing Not Coming Back to Kentucky Andy Beshear Says
Kentucky Gov. Andy Beshear has ruled out the possibility of horse racing returning any time soon during his daily address on Friday. No Horse Racing in Kentucky for Awhile Speaking on Friday, April 3, Kentucky Gov. Andy Beshear has endorsed a position suggested by the Kentucky Horse Racing Commission, arguing that the sport would be […]
Poker
January 31, 2020
Kentucky Governor Budget Will Fund Education by Taxing Online Poker
2020 seems to be off with a bang for the sports betting industry in Kentucky, after HB137, the bill that seeks to legalize online poker, sports betting, and fantasy sports contests, has passed through the committee stages, and now the proposed Budget 2020-2022 by the state Governor, among other sources of revenue, is counting on […]
Business
January 17, 2020
Kentucky Betting Legislation Passed Through the State Government Committee Stage
Kentucky sports betting bill clears State Government Committee and heads into House of Representatives for the next step of the legalization process. A promise is a promise Ever since Andy Beshear won the elections in November 2019 and became Governor of Kentucky, the hopes for passing new legislation for betting have been growing, especially with […]