Kentucky Sees Surge In Numbers With Online Sports Betting Going LiveFirst Four Days Yields Huge Uptick According To Governor |
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Apparently Kentucky sports fans have been eager to place some wagers – especially using mobile apps. Gov. Andy Beshear (D) offered an update last week on the state’s sports wagering environment after retail betting launched on Sept. 7.
The launch of online and mobile wagering, however, didn’t come until Sept. 28 and that immediately produced massive results by comparison. While retail wagering produced $10 million in bets for the first three weeks of legalization, online betting really rocketed that total up.
In just the first four days after online betting went live, the state produced $68 million in bets.
Online Sports Betting Surges In Kentucky And Beyond
Kentucky may have timed the launch of sports betting at a great time, debuting live and online wagering during the new football season. Beshear didn’t break that $68 million figure down into retail-versus-mobile betting numbers, but it’s a good bet that mobile was a huge percentage of that.
In most states where it is legal, online betting accounts for about 80% or more of all wagering. A recent report in Illinois even showed that almost 99% of all wagers over the last year were placed online.
Beshear said that he hopes the industry continues to grow even more, adding more tax revenue for the Kentucky state government. He’s also pleased to see more of those gaming funds stay in the state.
“Kentuckians are taking advantage of legal wagering both in-person and through mobile applications to bet on a growing number of sports, including NFL, college sports, Formula 1 racing and more,” Beshear said. “Now we can look forward to watching these numbers grow and seeing the revenue it generates help build a better Kentucky.
“Best part is all of it stays in Kentucky helping with our pension system and other needs. This is the first time that Kentuckians have been able to stay home and our dollars haven’t gone to paving roads in Indiana or investing in other states around us.”
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