Kentucky sports wagering totalled $247.2 million in February, reportedly. The figure was 10% higher than a year earlier, while retail betting declined.
The reported year-on-year increase contrasts with falling retail betting in Kentucky.
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Kentucky sports wagers totalled $293.8m in September, reportedly 1% lower than a year earlier. The report gives no further detail in the available text.
Kentucky's sports wagers came to $293.8 million in September. Those wagers were 1 per cent lower year-on-year.
Kentucky sports betting handle rose 27% year on year to $222.7 million in June, reportedly. Gross revenue fell compared with June a year earlier.
Kentucky Attorney General Russell Coleman announced that the state had sued Kalshi and Polymarket, alleging they offer sports-related event contracts without the licences required for gambling operators. The state also named Coinbase, Robinhood and Webull, while Polymarket said the action conflicts with the federal regulatory framework for prediction markets.
Kentucky Attorney General Russell Coleman joined a multi-state coalition arguing that the Commodity Futures Trading Commission lacks jurisdiction over sports-related event contracts offered by prediction market platforms. The coalition said the contracts resemble sports betting products regulated by states and called on the federal government to recognise state authority.
Kentucky Governor Andy Beshear vetoed HB 904, a bill proposing changes to sports betting and other gambling rules, according to the report. Beshear said a provision would have allowed the Kentucky Lottery Corporation and Kentucky Horse Racing and Gaming Commission to issue regulations without his review and signature, which he argued conflicted with the state constitution.