Kentucky Takes Steps Towards Sports Betting Industry
Sports betting can be a very profitable business, especially if you are the one calling the shots. As a Bookie Pay Per Head, you can take in wagers from anyone, anywhere in the world. This gives you the potential to earn much both in the short and long term. And Kentucky Governor Andy Beshear knows how much a local sports betting industry can boost the local economy. The governor has been pushing for a sports betting industry in Kentucky. And since he has taken office back in December 2019, he is working on making it happen.
The best bookie software service companies are seeing a rise in activity from both bookies and players from the US. With states rushing to cash in on legalized sports betting markets, more and more people are discovering sports betting.
Sports Betting Industry
Of course, online sportsbooks make it easy for bookies to earn money. With some sportsbook reviews, one can find the best in the market, sign up, and start to offer odds on the Super Bowl. And while it is smart for states to include online wagering, not all of them do offer that. Which is unfortunate, especially when sites you see in pay per head reviews are all earning well.
So far, Kentucky has one sports betting bill in the house. The bill is from the office of Representative Adam Koenig. House Bill 175 already has House committee approval as of February last year, but the sessions ended. Discussions stalled because of questions raised on needing an amendment of the constitution to move forward. Fortunately, this will not be needed. Governor Beshear is hopeful that the bill will be passed soon, so they can start earning from sports betting as well.
For example, if the local gambling industry will be able to generate $20 million a year, then that alone can fund a quarter of the pay raise for local teachers. If the gaming revenue is higher, as most gambling industry news analysts expect, then the state can pursue more projects in the education sector. Currently, locals travel to neighboring states to gamble. Which means a loss of potential income from the state. But having sports betting in the state, especially online, could ensure that their residents stay and bet local.
