| Last Action | 02/09/23: to Licensing & Occupations (S) |
|---|---|
| Title | AN ACT relating to wagering and making an appropriation therefor. |
| Bill Documents | Introduced |
| Fiscal Impact Statements |
Actuarial Analysis
Corrections Impact Local Mandate |
| Bill Request Number | 1103 |
| Sponsor | D. Yates |
| Summary of Original Version | Establish KRS Chapter 239 and create new sections to define terms related to online poker and fantasy contests; establish requirements for registration as a fantasy contest operator; require the Public Protection Cabinet to promulgate administrative regulations for the operation of fantasy contests; establish the wagering administration fund and direct the uses of that fund; require an annual audit of fantasy contest registrants; establish requirements for fantasy contest procedures; require any person offering online poker to have a license from the cabinet and require the cabinet to promulgate administrative regulations prescribing requirements for licensure including geolocation software, age verification, and security and accounting standards; amend KRS 230.210 to define "sports wagering"; create new sections of KRS Chapter 230 to require the racing commission to institute a system of sports wagering at tracks; limit the types of events upon which wagers may be placed; amend KRS 230.215 to declare the intent to allow citizens to enjoy sports wagering and allow the racing commission to promulgate administrative regulations prescribing conditions under which sports wagering is to be conducted; amend KRS 230.225, 230.240, and 230.260 to include sports wagering; create a new section of KRS Chapter 230 to establish sports wagering licensure requirements; amend KRS 68.182, 91.202, 92.282, 230.320, 230.361, and 230.3615 to conform; create a new section of KRS Chapter 138 to define “adjusted gross income” and impose a tax on sports wagering; amend KRS 230.362, 230.363, 230.364, 230.365, 230.366, 230.369, 230.371, 230.372, 230.373, 230.374, and 230.750 to conform; create a new section of KRS Chapter 230 to prohibit participants from wagering on events in which they participate and to prohibit tampering with the outcome of a sporting event; amend KRS 230.990 to establish penalties; amend KRS 243.500 and KRS 525.090 to exempt sports wagering; amend KRS 528.010 to exempt fantasy contests, sports wagering, and online poker and the devices used in the conduct of those forms of wagering; amend KRS 528.020, 528.070, and 528.080 to exempt fantasy contests, sports wagering, and online poker; provide that the provisions of the Act are severable; APPROPRIATION. |
| Index Headings of Original Version |
Gambling - Fantasy contests Gambling - Online poker Gambling - Sports wagering Licensing - Fantasy contests Licensing - Online poker Licensing - Sports wagering Retirement and Pensions - Gaming tax, funding Taxation - Wagering, taxation Administrative Regulations and Proceedings - Public Protection Cabinet, fantasy contests, online poker Administrative Regulations and Proceedings - Racing commission, sports wagering Amusements and Recreation - Fantasy contests Amusements and Recreation - Online poker Amusements and Recreation - Sports wagering Appropriations - Wagering administration fund Athletics - Fantasy contests Athletics - Sports wagering Actuarial Analysis - Public Protection Cabinet, fantasy contests, sports wagering, online poker Corrections Impact - Public Protection Cabinet, fantasy contests, sports wagering, online poker |
| 02/07/23 |
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| 02/09/23 |
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Last updated: 11/9/2023 3:03 PM (EST)