Betting on sports events together with any live bookie or online sportsbooks established in Kentucky is contrary to the state’s laws. This is because the state of Kentucky has not legalized any kind of sports betting. However, this does not prevent offshore online bookies from accepting Kentucky residents, and the nation has no online sports gambling laws to prevent its residents from enrolling at offshore online bookies.
This page attempts to clarify online sports betting legality issues. We haven’t only tried to provide an understanding of Kentucky’s sports betting legislation, but have also shared expert opinions regarding the legality of betting in offshore online bookies. We also have introduced a list of legal online sports gambling options for Kentucky residents.
Is it Legal to Bet on Sports in Kentucky?
It may look like gambling on the results of sports events with unlicensed live bookies is contrary to the laws of Kentucky, but that isn’t precisely the case. The country has strict gaming laws that prevent sports betting in its own jurisdiction, but these laws are limited to those parties who”advance gaming action.” To put it differently, the legislation — that can be found at the Kentucky Legislature site here (Chapter 528) — applies only to would-be bookmakers, not actual sports bettors. The state does not license any bookmaking business to run land-based or online bookie businesses in its own jurisdiction. Hence, citizens who put bets with live bookies in Kentucky are conducting the risk of their bookie being detained, resulting in a complete loss of the bets and/or payouts. It is simply not a fantastic idea.
But many offshore online sportsbooks take Kentucky residents and it’s valid for residents to sign up in any one of these offshore online sportsbooks. No regulation in Kentucky specifically states that it’s against the law for residents to sign up at offshore online bookies and put bets on their favorite sports occasions. In reality, it is totally legal for Kentucky residents to bet on sports at offshore online bookies, but care must be taken in regards to choosing the best books out there. It’s the world wide web, after all, and there are a whole lot of scams on the market.
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Will Kentucky Residents Get into Trouble for Putting Bets Online?
Kentucky residents won’t get into trouble with the law for putting bets on their favorite sports events at offshore online sports betting sites. This is because offshore online bookies accepting Kentucky bettors don’t operate from Kentucky and therefore do not violate Kentucky laws at all. They’re all based in foreign countries and run under licenses issued by their own home governments. Anyway, the state has no law expressly stating it is illegal for residents to bet on sports in abroad online sportsbooks, and just those who accept stakes within the country are targeted by present KY legislation.
To clarify: the only men and women who’ll get into trouble are illegal live bookies who function in Kentucky. Since bookmaking is unquestionably illegal in Kentucky, conducting a bookie business is punishable by law. You will not be breaking your state’s gaming laws as long as you stick to the offshore online bookies we’ve advocated for you, nor will your funds be redeemed as they might be if using a local black market bookmaker.
Where Can Kentucky Residents Bet Sports Online?
Lots of offshore online sportsbooks take Kentucky residents and we have chosen the best of them for your advantage. The Kentucky friendly online sportsbooks on this list are based in offshore countries and don’t violate your state’s laws. These are licensed and regulated online bookie businesses that offer the best odds on preferred US league and college sports events. You can rest assured that they are all reputable and top quality brands.
Best Online Sportsbooks Which Accept Kentucky Residents
Bovada Sportsbook Bovada Sportsbook — $250 Sports Welcome Bonus For KY Residents!
Bovada Sportsbook is a US friendly online sport betting brand which also offers other online gambling services like an online poker room, casino, and racebook for Thoroughbred action. US bettors prefer signing up for real cash at Bovada’s sportsbook because the online bookie covers virtually every game that is played under the sun, and this also includes popular US league sports and college sports, together with international sporting events.
Since Bovada is a member of a prestigious company called Salmon River Technologies and runs under a license granted by the Kahnawake Gaming Commission out of Canada, bettors can look forward to a 100% safe and secure gaming setting at Bovada Sportsbook. The internet bookie enables US players to fund their own account employing secure and convenient payment procedures, and the support also takes Bitcoin and Bitcoin Cash for both deposits and payouts.
Bovada Sportsbook is also home to attractive features like mobile betting, live betting, live video streaming, and in-play betting. US bettors can also place bets on their favorite sports events on their own mobile devices, which makes it easy to wager no matter where you’re in Kentucky. KY residents who register at Bovada now can even get a $250 Sports Welcome Bonus to get their wagering off to the right cleat.
SportsBetting Sportsbook SportsBetting.ag — Lifetime Bonuses For Kentucky Residents
SportsBetting not only offers the very best possible chances on a vast array of sports, but the website also has topnotch customer care service. Bettors are unlikely to face problems whatsoever when they sign up together and use this US friendly online sports betting site, but if they do, they can always get in contact with the internet bookie’s customer support representatives via toll-free telephone, email, or live chat.
SportsBetting is exceptional since it does not stop at providing its customers a new player cash game bonus such as other lesser sites. Rather, bettors at SportsBetting may assert a life bonus of 25 percent (up to $1000) on each deposit they make for as long as they maintain real cash accounts with the online bookie. Since SportsBetting is regulated and licensed overseas, US bettors can rest assured of the finest online sports betting experience.
US bettors can lawfully bet on a huge choice of sports such as football, soccer, sports, racing, basketball, and so on at this internet bookie. Better still, SportsBetting takes the many varied forms of payment of any significant sportsbook, together with available options such as Visa, Mastercard, American Express, bank wire, cashier’s check, money order, and even Bitcoin and other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, DASH, and more.
5Dimes Sportsbook 5Dimes Sportsbook — Kentucky Bettors Can Place Their Own Lines!
The highlights of 5Dimes Sportsbook, an authorized online sports betting option for US bettors, are a 24/7 customer support system, attractive promotions, exciting bonuses, and a wide choice of sports betting markets. 5Dimes Sportsbook is one of the few online bookies that provides betting odds even on rare sporting occasions. Best of all, though, is that 5Dimes emphasizes the practice of”buying points,” which enables bettors the opportunity to set their own phrases on various stakes, such as spreads, totals, and much more.
Bettors can open two types of accounts at 5Dimes Sportsbook–a phone account or an online account. They can use the same details to gain access to additional 5Dimes services for example its 24/7 real-money casino and international pari-mutuel racebook, also.
5Dimes Sportsbook is your source of attractive betting odds online sports such as boxing, racing, golf, football, baseball, soccer, and many others. US bettors prefer signing up in 5Dimes Sportsbook not only because it is safe, safe, and legal, but also because of its unique props and entertainment chances. 5Dimes Sportsbook provides an attractive group of stakes such as parlays, under/over stakes, if bets, monsters, lines, spreads, along with others, as well as new members that sign up now can find a 50% welcome bonus worth up to $520 in valuable free plays!
BetDSI SportsbookBetDSI.eu — Mobile Sports Betting Apps For Kentucky Bettors
BetDSI is one of the most comprehensive online sports gambling sites that Kentucky residents can locate. It’s all the sports, wagering types, and gambling odds that you look for when joining an internet sportsbook. Additionally, there are plenty of exciting added features, such as the mobile betting platform where you could bet on sporting events while you’re waiting in line in the grocery store or are out and around at the bar.
Their cellular sportsbook delivers all of the BetDSI sports gambling action into a convenient platform. You are able to access live betting odds, create deposits, request payouts, claim bonuses, and more, all from the iPhone or even Android device. Bet on football, hockey, basketball, baseball, tennis, or any other sport which you prefer. With cellular betting, you have 24/7 access to your sports betting account.
BetDSI offers two distinct mobile sports betting options. It is possible to go to the site from the iPhone, BlackBerry, or Android device and there’s not any external app required. Just type in BetDSI.eu in your mobile browser and you’ll be told to the mobile website. There is also a downloadable program that bettors can utilize depending on the type of device you own, such as a Microsoft Surface. If you are ready to get started gambling on sports from the palm of your hands, join BetDSI now, where KY residents can get a substantial 100% Welcome Bonus worth $500 just for registering.
Finest Online Sportsbooks That Accept Kentucky Residents
Kentucky Sports Betting Sites New U.S. Player Bonus Go To U.S. Betting Website Bovada Sportsbook Review 50% Up To $250
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Kentucky Sports Betting Laws
Kentucky has a few sports gambling laws, but none of these say a word regarding online sports betting. The current legislation are written to remove unlicensed live bookies from the country and save residents from being cheated by them. These laws are not written with the individual bettor in mind.
Although it’s certainly against the law for any bookmaking company to run online or live sports betting businesses within the state, the nation has nothing in its law books to stop occupants from registering and putting bets on sports events in offshore online bookies accredited in overseas gambling jurisdictions.
The sports betting laws in Kentucky make it crystal clear that there are no penalties imposed on taxpayers that are interested in legal online sports betting. So long as you employ a valid online sportsbook that you do not have to fret about non-existent KY sports gambling laws. To examine Kentucky gambling legislation in full, you can have a look at the state’s official legislation .
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Are Online Sportsbooks Accepting Kentucky Residents Regulated?
Kentucky isn’t able to permit and regulate any bookmaking business only because it’s not legalized sports betting. To be able to issue permits to and regulate online sports betting companies, it must first legalize sports gambling and make a set of regulations for its sports gambling industry. This is something which is not very likely to happen in the immediate future, though that the skilled and Amateur Sports Protection Act (PASPA) was overturned by the Supreme Courtthat the state can proceed with legalizing the pastime whenever it wishes.
The offshore online bookies that take Kentucky residents aren’t governed by the state. However, this does not indicate that these online bookies are illegal. They’re all licensed in offshore gaming jurisdictions and regulated by their strict gambling laws. They’ll lose their licenses if they do not satisfy their clients and provide a safe and secure sports betting product. You don’t need to be worried about losing your money at the Kentucky friendly online sportsbooks we’ve listed here.
There’s Certainly No Shortage Of Kentucky Sports Team To Wager On…
If Kentucky legalizes sports betting, it could create revenue through school basketball betting alone. The best college basketball club in Kentucky is the Wildcats at the University of Kentucky. The country does not have any professional sports teams, but plenty of baseball and baseball teams. The majority of the internet bookies we recommend offer odds on Kentucky college basketball events.
What Are The Benefits To Legal Kentucky Sports Betting?
There is definitely no lack of Kentucky sports teams to wager on. If Kentucky legalizes sports gambling, it could generate massive earnings through taxing the gambling on college basketball independently. The very best college basketball club in Kentucky is the Wildcats of the University of Kentucky, and yearly enthusiasm for this club reaches a fever pitch in KY, unlike anywhere else in the country. The state does not have any professional sports teams, but it hosts plenty of minor hockey and baseball teams, and KY residents have several teams to root for in neighboring countries.
KY inhabitants gamble an estimated $5 billion online sports gambling each year. That translates into about $250 million of taxable sports gambling revenue that could return in the state in case it opens sportsbooks inside its borders, not to mention all of the economic goodness that comes from keeping all the massive handle within the state instead of sending it abroad. Hopefully, KY receives the memo earlier rather than later and provides its residents the sport betting products they desire.
The latest legislation for legalized sports betting at KY comes via BR 29, which you may read here. This legislation calls for a mere 3 percent tax on the entire sportsbook manage, however, making it improbable that the law will be passed in its current form, as that 3% represents about 55-65% of a sportsbook’s average projected earnings. Greedy Kentucky! Bad!
Kentucky Online Sportsbooks FAQ’s
What Exactly Does The + And – Mean When Sports Betting?
When looking in American chances, the sign designates the underdog and means that your potential earnings will be higher than the amount you’ll have to risk. The – sign designates the favorite and means that you will need to risk more than you will potentially win. That is called the moneyline, and it functions like this:
Houston Rockets (+190) vs. San Antonio Spurs (-220)
A wager on the favored San Antonio Spurs would cost you $220 to win $100. If you bet on the underdog Houston Rockets, you only have to bet $100 to potentially win $190. In non-straight bets, like spread stakes, the moneyline works exactly the exact same way, but the two teams typically carry the same moneyline (generally -110 or so). This reveals the built in vigorish, or home take, for the bookmaker (in this instance, roughly 10% of the wagers).
What Exactly Does PASPA Stand For?
PASPA was the Professional and Amateur Sports Protection Act of 1992, a federal law which prohibited states from respecting land-based sports betting. The sole exceptions were NV, DE, OR, and MT because of their previous legal sports gambling options, though only NV was permitted to provide comprehensive sportsbooks. (The other countries’ sports betting options were random lotteries based on athletic events.) PASPA is why there aren’t any land-based sportsbooks in KY, but with PASPA now gonethat could change in the future.
Are Bonuses Just for New Members At Online Sportsbooks?
There are normally several distinct bonuses and promotions occurring at internet sportsbooks. Even though there is always some kind of welcome offer, most sports gambling sites also have lien bonuses, free bets, and free-plays which could be redeemed by all members. Check the promotions page frequently for the latest bonuses.
Can I Bet In The Horse Racing Tracks In Kentucky?
There are not any options to bet on sports at the Kentucky horse tracks… yet. The country is working towards legalizing the business and a few thoughts have sports gambling being offered at the tracks. Others might just allow for the lottery to accept wagers but one thing is for certain — Kentucky players can bet on horses and sports by utilizing an offshore sportsbook.
What Is The Kentucky Sports Betting Age?
You may wager on sporting events in Kentucky the second you turn 2 Some sites may accept gamers as young 18 but we recommend sticking with the state’s laws. You will need to verify your age when creating a withdrawal and being underage can result in account termination as well as the confiscation of winnings. Be on the safe side and just bet when you’re within regulations.
Where Will Sports Betting Revenue Be Allocated In Kentucky?
Kentucky is one of the countries that seem to be putting the money to good use. While it’s only proposed and not approved (yet), the nation would ship the majority of the money to the state retirement fund that gives benefits to employees and retirement funds. Additionally, the state would devote a portion of the capital to take care of problem gambling.
What Kentucky Teams Can I Bet On?
Well to start, research the University of Kentucky’s basketball program. Their high-profile group has continually proven to win plenty of games and would be a fantastic intro into gambling. If you do not like the Wildcats or want to bet elsewhere, consider the University of Louisville or Western Kentucky University. Both of these teams have strong athletic programs and have even made a Final Four in the NCAA Tournament.
Do Any Neighboring States Offer Sports Betting?
While nations are constantly in a struggle to approve a step in support of sport betting, one nation was quick to the punch. West Virginia legalized the industry in 2018 and accepts wagers on Kentucky established universities as well as specialist teams. Mardi Gras Casino is just over the Kentucky border, being a direct shot east on I-64 from the Lexington and Louisville.
Read more: oneshotfootball.com