Kentucky state Representative Thomas Huff has introduced House Bill 33 (HB33), a proposal to bring land-based and riverboat casinos to the state. The bill outlines a framework for regulating casinos and fantasy sports under the oversight of the Kentucky Horse Racing and Gaming Corporation (KHRGC). Key Components of HB33 HB33 aims to expand Kentucky’s gambling industry beyond historical horse racing (HHR) machines by allowing traditional casinos in eligible counties. The bill includes provisions for a 21% tax on casino revenue, one of the higher rates compared to other states, and requires casinos to charge a $3 admission fee per patron, which would further boost operator revenue. Eligibility and Approval Process Counties must meet specific criteria to host a casino: Population Requirement: Counties must have at least 30,000 residents, unless they already have a horse racing facility, in which case the population threshold does not apply. Referendum Process: Counties can hold a voter referendum by: Collecting signatures equal to 25% of… Read More
Category: News
Source: Casino News Daily
