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Kentucky Lawmaker Says He’s Working on a New Sports Betting Bill – Casino.org
Posted on: January 22, 2023, 07:01h.
Last up to date on: January 21, 2023, 10:57h.
A Kentucky state lawmaker stated he’s working on a sports betting invoice that he hopes will get filed shortly after the General Assembly resumes its 2023 session subsequent month.
State Rep. Michael Meredith, R-Oakland, will choose up the mantle from former state Rep. Adam Koenig, who had led the cost in earlier years. He advised Casino.org he’s working with House Speaker David Osborne, R-Prospect, and Senate Majority Floor Leader Damon Thayer, R-Georgetown, on the brand new laws.
Sen. Thayer and I are speaking each couple or three days proper now backwards and forwards on various things which have popped up in discussions with the industry and other of us who’ve introduced concepts to me,” Meredith stated. “I’m trying to keep him as much in the loop as possible, and he and Rep. (Al) Gentry (D-Louisville) will be two of the first people that get a draft, after the speaker gets his obviously. We are communicating though, Sen. Thayer and I are, about some of the decisions we’re trying to make and getting the final drafting done, too. Just what is more palatable in his caucus, and where he thinks some of his members are on different things.”
Gentry is a key Democrat on the House Licensing, Occupations, and Administrative Regulations Committee. The Louisville Democrat was a cosponsor of Koenig’s payments, as was Meredith.
Meredith stated he and Gentry talked throughout the first week of the session earlier this month. He advised Casino.org that he didn’t wish to converse for his colleague about whether or not Gentry can be a sponsor of his invoice.
In an interview with Spectrum News this previous week, Gentry stated he deliberate to be a cosponsor once more.
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Last yr, the House handed the sports betting invoice for the primary time. However, it never got a vote in the Senate. Reports indicated that the invoice was quick no less than a couple of votes in that chamber.
Online Poker Likely Out
Since he’s nonetheless working on a draft of the invoice, Meredith didn’t share many details.
One merchandise he did point out was that online poker, which had been included in previous payments, may not be included in a new invoice.
It appears to be a problem that doesn’t have a lot of pleasure round it, and it appears to be a problem that may choose up some votes if it’s not there,” the lawmaker stated.
Previous payments from Koenig gave the state’s racetracks the power to offer sports betting or accomplice with an operator. The tax rate was 9.75% on the adjusted gross income for retail sportsbooks, and 14.25% for online operator revenues.
Meredith stated the tax charges would probably keep near the earlier iterations.
“The main thing is the ultimate licensees will still likely be the tracks, and maybe some general flexibility on their contracting and operators that they work with,” he said. “Likely online poker will be out of the new draft, and then, most of the rest of it will be some form of modernization of language from when it started a few years ago.”
Meredith additionally plans on preserving the minimal sports betting age at 18, which is the identical age limit at Kentucky racetracks and the state lottery.
Problem Gambling May Also Be Addressed
Last yr, Koenig launched a sequence of 4 gaming payments halfway via the session. Besides sports betting, Koenig additionally supplied a racing-associated invoice that reformed the tax construction of on-track wagering, online wagering, and historic horse racing (HHR) machines. That invoice, which did move each chambers, additionally led to penny breakage, which supplies bettors increased payouts for his or her winning bets.
Koenig additionally filed a invoice to determine a problem gambling fund within the state with money from the PokerStars lawsuit settlement. In addition, state Rep. Killian Timoney, R-Lexington, filed a invoice to ban grey games or talent games within the state.
The latter invoice handed each chambers. But the Senate amended the unique invoice to make sure arcade games, like Skee-Ball, weren’t banned by the laws. While the Senate handed the invoice, the House didn’t vote on accepting the modifications earlier than the session ended.
Timoney has advised Casino.org he plans to refile his invoice this session. However, Meredith stated it’s unlikely the payments can be packaged like they had been final yr, as a result of lawmakers aren’t positive what is going to occur on grey games, the place there was some speak by a few lawmakers of wanting them legalized.
Meredith did say that he’s considering pursuing a problem gambling fund. However, he doesn’t simply need sports betting revenues to cowl it.
“I think most of us think that that needs to be handled in some kind of a comprehensive fashion,” he said. “Either the state creating a pot of money through the budget for that or all forms of gaming taking part… If other types of gambling are going to benefit from that, I don’t think sports wagering should be the only one funding it, and so I have resisted any calls or urges to fund that specifically in the sports wagering bill. I have told everybody I would certainly work with them on something more comprehensive, either this year or next year, depending on how they want to address that issue.”
Another Sports Betting Bill Already Filed
Surveys have proven sports betting to be widespread in Kentucky, one of many 14 states that has not legalized the gaming product because the US Supreme Court dominated The Professional and Amateur Sports Protection Act of 1992 (PASPA) was unconstitutional practically 5 years in the past. And it’s supported by voters in both parties, based mostly on a survey carried out by proponents final yr.
Kentucky Gov. Andy Beshear, a Democrat, included expanded gaming in his platform throughout his 2019 election marketing campaign.
Beshear, who is working for reelection this yr, stays a staunch supporter of sports betting. In his State of the Commonwealth deal with earlier this month, he referred to as on the legislature to move it this yr. A day after that Jan. 4 speech, House Minority Floor Leader Derrick Graham, D-Frankfort, filed House Bill 106, which might legalize sports wagering.
While Graham’s invoice seems similar to final yr’s sports betting invoice, his won’t probably acquire traction within the legislature. That’s due to the Republican occasion having tremendous majorities in each chambers.
In the House, the GOP controls 80 of the 100 seats. In the Senate, the occasion controls 31 of the 38 seats. And the connection between Beshear and Republican legislative leaders is, at most instances, very contentious.
About the Kentucky General Assembly
For these unfamiliar, here’s a temporary primer on the Kentucky General Assembly.
In odd-yr periods, lawmakers meet for 30 days unfold out over three months. The session begins the primary week in January however pauses for 4 weeks after that. During that point, legislators work on drafts of potential payments, which may very well be filed after the legislature reconvenes on Feb. 7.
The final day a invoice might be filed within the House is Feb. 22. The session should finish by March 30. After March 16, there’s a 10-day break for Beshear to contemplate vetoing payments which have been handed. Lawmakers will come again on March 29 for 2 last days the place they’ll override these vetoes.
They can nonetheless move new laws at that time, however it will get a little frantic throughout these final days.
Also, the invoice will want more sure votes in each chambers this yr than in a good-yr session. Per the Kentucky Constitution, any invoice supplied in an odd-yr session that generates income wants three-fifths majorities in each the House and the Senate. Lawmakers vote on two-yr budgets in even-yr periods.
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UbetMobile.com Article Base: Kentucky Lawmaker Says He’s Working on a New Sports Betting Bill uBetMobile – 2023
Kentucky state lawmaker, Rep. Michael Meredith, is working on a sports betting invoice that he hopes to introduce shortly after the General Assembly resumes session in February. Meredith is collaborating with House Speaker David Osborne and Senate Majority Floor Leader Damon Thayer on the brand new laws. Meredith has said that he plans to maintain the minimal sports betting age at 18, and the tax rate will probably keep near the earlier iterations. Online poker may not be included within the new invoice, and Meredith is considering pursuing a problem gambling fund, although not solely funded by sports betting. Already, Rep. Derrick Graham has filed a invoice to legalize sports betting, however because of the Republican occasion having tremendous majorities, it is unlikely to realize traction. The Kentucky General Assembly meets for 30 days unfold out over three months, with the final day to file a invoice being February twenty second. The invoice will want more sure votes than in a good-yr session, needing three-fifths majorities in each the House and the Senate.
This article covers the present efforts of Kentucky state Rep. Michael Meredith to introduce a sports betting invoice within the upcoming General Assembly session. It outlines the details of the invoice, such because the minimal sports betting age of 18, the probably tax rate, and the exclusion of online poker. Additionally, Meredith is considering pursuing a problem gambling fund, although not solely funded by sports betting. Rep. Derrick Graham has already filed a invoice to legalize sports betting, however because of the Republican occasion having tremendous majorities, it is unlikely to realize traction. Lastly, the article offers an outline of the Kentucky General Assembly, together with the timeline for the session and the necessities for the invoice to move.
