Kentucky Considering Casinos and Fantasy Sports in HB33

Paul Skidmore
Published: Tue Jan 21 2025
Reviewed By Vinolin Naidoo
Online casino
Key Points
  • HB33 proposes to legalize land-based and riverboat casinos in Kentucky
  • There would be a 21% tax on casino revenue
  • Rules outlined for country referendums and votes for approval

The Bluegrass state has been long associated with horse racing, but could legal Kentucky casinos finally be on their way? In the second week of January 2025, House Representative Thomas Huff introduced House Bill 33 (HB33).

HB33 proposes legalizing land-based and river casinos, plus the regulation of fantasy sports. It also proposes the implementation of a 21% tax levy on casino revenue, which is towards the high end compared to other states. Residents of each Kentucky county will decide if they want a casino venue in their area through a referendum, or petition.

HB33 and the proposal to legalize casinos in Kentucky – They key facts

As always, our experts are on hand to deliver the latest news on legalized betting, so let’s take a closer look at the ins and outs of HB33.

Bill:House Bill 33 (HB33)
Introduced by:Representative Thomas Huff
Proposal:To legalize land-based and river casinos and a fantasy sports market
Revenue tax:21%
Online casinos included:No ❌
Other key points:$3 casino entry fee for patrons and county-specific rules

The headline is that HB33 looks to legalize land-based and riverboat casino venues in the Bluegrass State, as well as regulating an online and in-person fantasy sports market.

Notably, the proposed 21% tax on casino revenue is on the high side when compared to most other states, but is still a good bit off the top end (34% on casino revenue in Pennsylvania).

Those interested in land-based and riverboat casino sites will also have to fork out some pretty hefty licensing fees in advance of making their bids. However, to help sweeten the deal for would-be casino developers and operators, the bill also seeks to impose a mandatory $3 entry fee for casino customers.

Rules for Kentucky Counties hosting casinos

Here are a few key rules about which counties could host Kentucky casino venues:

  • A county must have over 30,000 residents, or an active horse racing track
  • A county with no racetrack and less than 30,000 residents can propose to join with a neighboring country
  • Casino approval will be based on either a referendum, or a petition signed by at least 25% of the county population

Operator licensing and bidding fees

Once a county has approved a land or riverboat casino, a bidding process would start and be open to all interested parties. However, it would prove pretty costly as minimum fees to bid for a license will apply:

  • Land-based casinos: $750k minimum
  • Riverboat casino: $550k minimum

Online casinos are not currently legal in Kentucky, and they are not included in HB33. This bill getting passed and implemented could possibly pave the way for legalized online casino gaming. However, that’s pure speculation at this stage, and if it does happen, it will more than likely be a few years down the line.

There are already some legal ways to gamble in the Bluegrass State. These include horse racing, mobile sports betting (legalized in 2023), and the lottery. You can check out all Kentucky sportsbooks here at DeadSpin today.

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