Betting online sports events with any live bookie or internet sportsbooks based in Kentucky is contrary to the state’s laws. This is because the state of Kentucky hasn’t legalized any kind of sports gambling. However, this does not stop offshore online bookies from accepting Kentucky residents, and the nation does not have any online sports gambling laws to prevent its residents from enrolling at overseas online bookies.
This page tries to clarify online sports betting legality issues. We haven’t only tried to deliver an understanding of Kentucky’s sports gambling legislation, but have also shared expert opinions regarding the legality of betting in offshore online bookies. We have also presented a list of legal online sports betting options for Kentucky residents.
Is it Licensed to Bet on Sports at Kentucky?
It may seem like betting on the results of sports events with unlicensed live bookies is contrary to the laws of Kentucky, but that isn’t exactly the situation. The state has strict gambling laws that stop sports gambling in its own jurisdiction, but these laws are confined to those parties that“advance gambling activity.“ To put it differently, the law — which can be found in the Kentucky Legislature site here (Chapter 528) — applies only to would-be bookmakers, not real sports bettors. The state does not permit any bookmaking company to run land-based or internet bookie businesses in its own jurisdiction. Therefore, residents who put bets with reside bookies in Kentucky are conducting the risk of their bookie being detained, leading to a total loss of the bets and/or payouts. It’s just not a good idea.
But many overseas online sportsbooks accept Kentucky residents and it is valid for residents to sign up at any of these offshore online sportsbooks. No regulation in Kentucky specifically states that it is against the law for taxpayers to sign up at offshore online bookies and put bets on their favorite sports occasions. In fact, it’s totally valid for Kentucky residents to bet online at offshore online bookies, but care must be taken when it comes to picking the best books available. It is the world wide web, after all, and there are a lot of scams on the market.
Useful Article: Is Online Sports Betting Legal In The U.S.
Will Kentucky Residents Get into Trouble for Placing Bets Online?
Kentucky residents will not get into trouble with the law for placing bets on their favorite sports events in offshore online sports gambling sites. That is because offshore online bookies accepting Kentucky bettors do not operate from Kentucky and thus do not violate Kentucky legislation in any way. They’re all based in overseas countries and run under licenses issued by their home governments. Anyway, the state has no law expressly stating that it is illegal for people to bet on sports at abroad online sportsbooks, and just those who take stakes inside the country are targeted by present KY legislation.
To clarify: the only people who will get into trouble are illegal live bookies who operate in Kentucky. Since bookmaking is definitely illegal in Kentucky, conducting a bookie business is punishable by law. You will not be breaking your nation’s gaming laws so long as you adhere to the offshore online bookies we have advocated for you, nor will your funds be redeemed as they might be if using a regional black market bookmaker.
Where Would Kentucky Residents Bet Sports Online?
Plenty of offshore online sportsbooks accept Kentucky residents and we have selected the best of them for your advantage. The Kentucky friendly online sportsbooks on this listing are based in foreign countries and do not violate your country’s laws. All these are licensed and controlled online bookie companies offering the greatest odds on preferred US league and college sports events. You can rest assured that they are all reputable and top-rated brands.
Best Online Sportsbooks That Accept Kentucky Residents
Bovada Sportsbook Bovada Sportsbook — $250 Sports Welcome Bonus For KY Residents!
Bovada Sportsbook is a US friendly online sports betting brand that also provides other online gambling services such as an internet poker room, casino, and racebook for Thoroughbred activity. US bettors prefer signing up for real cash at Bovada’s sportsbook since the online bookie covers virtually every match that is played under the sun, and this also includes popular US league sports and college sports, along with international sporting events.
Since Bovada is a member of a prestigious company called Salmon River Technologies and runs under a license granted by the Kahnawake Gaming Commission out of Canada, bettors can look forward to a 100% safe and secure gambling atmosphere at Bovada Sportsbook. The internet bookie allows US players to fund their own accounts using secure and convenient payment methods, and the service also takes Bitcoin and Bitcoin Cash for both deposits and payouts.
Bovada Sportsbook is also home to attractive features such as mobile betting, live betting, live video streaming, and in-play betting. US bettors may also place bets on their favorite sports events in their mobile devices, making it easy to wager no matter where you are in Kentucky. KY residents who register at Bovada now can even get a $250 Sports Welcome Bonus to receive their wagering off on the ideal cleat.
SportsBetting Sportsbook SportsBetting.ag — Lifetime Bonuses For Kentucky Residents
SportsBetting not only offers the best possible odds on a vast array of sports, but the site also includes topnotch customer support service. Bettors are unlikely to face problems at all when they register together and use this US friendly online sports betting site, however if they dothey can always get in contact with the internet bookie’s customer care agents via toll-free phone, email, or live chat.
SportsBetting is exceptional since it does not stop at offering its customers a new player cash game bonus such as other lesser sites. Instead, bettors at SportsBetting can claim a life bonus of 25% (up to $1000) on every deposit they earn for as long as they hold real cash accounts with the online bookie. Since SportsBetting is regulated and licensed abroad, US bettors can rest assured of the best internet sports betting experience.
US bettors can lawfully wager on a massive selection of sports like soccer, soccer, racing, baseball, basketball, and so on at this online bookie. Even better, SportsBetting takes the many diverse kinds of payment of any significant sportsbook, with available choices such as Visa, Mastercard, American Express, bank wire, cashier’s check, money order, and even Bitcoin along with other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, DASH, and much more.
5Dimes Sportsbook 5Dimes Sportsbook — Kentucky Bettors Could Set Their Own Lines!
The highlights of 5Dimes Sportsbook, an authorized online gambling betting option for US bettors, are a 24/7 customer support system, appealing promotions, exciting bonuses, and a vast selection of sports gambling markets. 5Dimes Sportsbook is one of the very few online bookies that offers gambling odds even on rare sporting occasions. Best of all, though, is that 5Dimes emphasizes the practice of“buying things,“ which enables bettors the opportunity to set their own phrases on several different bets, including spreads, totals, and much more.
Bettors can open two kinds of accounts at 5Dimes Sportsbook–a telephone account or an internet account. They can use the very same details to get access to additional 5Dimes services such as its 24/7 real-money casino and international pari-mutuel racebook, too.
5Dimes Sportsbook is your origin of attractive betting odds on sports like boxing, racing, golf, soccer, baseball, soccer, and others. US bettors favor signing up in 5Dimes Sportsbook not simply because it’s safe, safe, and lawful, but also because of its unique props and entertainment chances. 5Dimes Sportsbook offers an attractive collection of stakes for example parlays, under/over bets, if stakes, critters, lines, spreads, and others, and new members who sign up now could get a 50% welcome bonus worth around $520 in valuable free plays!
BetDSI SportsbookBetDSI.eu — Mobile Sports Betting Apps For Kentucky Bettors
BetDSI is one of the most comprehensive online sports betting sites that Kentucky residents will locate. It’s all the sports, wagering forms, and betting odds that you search for when joining an online sportsbook. There are also tons of exciting added features, such as the mobile betting platform where you could bet on sporting events while you’re waiting in line at the supermarket or are out and about in the pub.
Their cellular sportsbook delivers all of the BetDSI sports betting actions into a convenient platform. You can access live betting odds, create deposits, ask payouts, maintain bonuses, and much more, from your iPhone or even Android device. Bet on football, basketball, hockey, baseball, tennis, or any other sport that you prefer. With mobile betting, you’ve got 24/7 access to a sports betting account.
BetDSI provides two distinct mobile sports betting choices. You can visit the site from the iPhone, BlackBerry, or Android device and there is no external app required. Only type in BetDSI.eu into your mobile browser and you’ll be directed to the mobile website. There is also a downloadable program that bettors can utilize based on the sort of device you own, such as a Microsoft Surface. If you’re ready to get started gambling on sports in the palm of the hand, join BetDSI now, where KY residents can get a substantial 100% Welcome Bonus worth $500 just for signing up.
Finest Online Sportsbooks That Accept Kentucky Residents
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Kentucky Sports Betting Laws
Kentucky has a few sports betting laws, but none of these say a phrase regarding online sports betting. The existing laws have been written to remove unlicensed live bookies in the country and rescue residents from being cheated by these. These laws are not written with the individual bettor in your mind.
While it’s definitely against the law for any bookmaking business to run online or live sports betting businesses within the country, the state has nothing in its own law books to prevent residents from signing up and placing bets on sports events in abroad online bookies accredited in overseas gambling jurisdictions.
The sport betting laws in Kentucky make it clear that there are no penalties imposed on residents that are interested in legal online sports gambling. As long as you use a valid online sportsbook you do not need to worry about non invasive KY sports gambling laws. To review Kentucky gambling legislation in complete, you can check out the state’s official legislation .
Useful Post: Sports Betting Laws from the U.S.A.
Are Online Sportsbooks Accepting Kentucky Residents Regulated?
Kentucky is not able to permit and control any bookmaking business simply because it has not legalized sports gambling. To be able to issue licenses to regulate online sports gambling businesses, it must first legalize sports gambling and create a set of regulations for the sports gambling industry. This is something which is not very likely to occur in the future, though that the Professional and Amateur Sports Protection Act (PASPA) was overturned by the Supreme Court, the nation can proceed with legalizing the pastime whenever it wishes.
The offshore online bookies that accept Kentucky residents are not governed by the state. However, this doesn’t mean that these online bookies are prohibited. They’re all licensed in offshore gambling jurisdictions and regulated by their strict gaming laws. They’ll lose their licenses if they do not meet their clients and provide a safe and secure sports betting product. You need not worry about losing your cash at the Kentucky friendly online sportsbooks we’ve listed here.
There Is Certainly No Shortage Of Kentucky Sports Team To Wager On…
If Kentucky legalizes sports betting, it could create revenue through college basketball gambling alone. The best college basketball club in Kentucky is the Wildcats of the University of Kentucky. The country has no professional sports teams, but plenty of baseball and baseball teams. Most of the internet bookies we urge offer chances on Kentucky college basketball events.
What Are The Benefits To Legal Kentucky Sports Betting?
There is definitely no lack of Kentucky sports teams to bet on. If Kentucky legalizes sports gambling, it might generate massive earnings through taxing the betting on college basketball alone. The very best college basketball club in Kentucky is the Wildcats of the University of Kentucky, and yearly excitement for this club reaches a fever pitch in KY, unlike anyplace else in the country. The country has no professional sports teams, but it hosts plenty of minor hockey and baseball teams, and KY residents have a number of teams to root for in neighboring countries.
KY inhabitants gamble an estimated $5 billion on sports gambling each year. That translates into about $250 million of non profit sports betting revenue that could come back in the state if it opens sportsbooks in its boundaries, and of course all of the economic good that comes from maintaining most of that massive handle within the state instead of sending it abroad. Hopefully, KY gets the memo earlier rather than later and provides its residents the sport gambling products they want.
The most recent laws for legalized sports gambling in KY comes via BR 29, which you can read here. This law requires for a mere 3% tax on the entire sportsbook handle, however, making it improbable that the law is going to be passed in its present form, as that 3% represents about 55-65percent of a sportsbook’s average projected earnings. Greedy Kentucky! Bad!
Kentucky Online Sportsbooks FAQ’s
What Does The + And Mean When Sports Betting?
When looking at American chances, the sign designates the underdog and means your potential earnings are greater than the quantity you’ll have to risk. The – sign designates your preferred and means you will need to risk more than you may potentially win. That can be called the moneyline, and it works like this:
Houston Rockets (+190) vs. San Antonio Spurs (-220)
A bet on the favorite San Antonio Spurs would cost you $220 to win $100. Should you bet on the underdog Houston Rockets, you only have to wager $100 to potentially win $190. In non-straight bets, like spread stakes, the moneyline works exactly the exact same style, but both teams typically carry the same moneyline (usually -110 or so). This reveals the built-in vigorish, or home take, for the bookmaker (in this case, about 10 percent of the wagers).
What Exactly Does PASPA Stand For?
PASPA was the Professional and Amateur Sports Protection Act of 1992, a federal law that prohibited states from legalizing land-based sports betting. The sole exceptions were NV, DE, OR, and MT because of their prior legal sports betting options, although only NV was permitted to offer comprehensive sportsbooks. (The other states‘ sports betting options were arbitrary lotteries based on athletic events.) PASPA is why there aren’t any land-based sportsbooks in KY, but with PASPA now gone, that could change in the future.
Are Bonuses Just for New Members At Online Sportsbooks?
No, there are generally several distinct bonuses and promotions happening at online sportsbooks. While there is always some type of welcome supply, most sports betting sites have lien bonuses, free bets, and free-plays that can be redeemed by all members. Check the promotions page regularly for the most recent bonuses.
Can I Bet At The Horse Racing Tracks In Kentucky?
There aren’t any options to wager on sports at the Kentucky horse tracks… yet. The state is working towards legalizing the business and some ideas have sports betting being offered in the tracks. Others might only let for the lottery to take wagers but one thing is for certain — Kentucky players can bet on horses and sports by utilizing an offshore sportsbook.
What’s the Kentucky Sports Betting Age?
You can wager on sporting events in Kentucky the moment you turn two Some websites may accept players as young 18 but we recommend sticking with the nation’s laws. You will need to confirm your age when creating a withdrawal and being underage can result in account termination and the confiscation of winnings. Be on the safe side and only bet when you’re within regulations.
Where Can Sports Betting Revenue Be Allocated In Kentucky?
Kentucky is among those states that appear to be placing the money to good use. Although it is only proposed and not approved (yet), the nation would send the vast majority of the cash to the state pension fund which gives benefits to employees and retirement funds. Additionally, the state would allocate a portion of the capital to take care of problem gambling.
What Kentucky Teams Can I Bet On?
Well to start, look into the University of Kentucky’s basketball program. Their high-profile group has always proven to win lots of games and are a great intro into betting. If you don’t like the Wildcats or Need to wager elsewhere, consider the University of Louisville or Western Kentucky University. Both these teams have strong athletic programs and have even made a Final Four in the NCAA Tournament.
Do Any Neighboring States Give Sports Betting?
While nations are continuously in a battle to approve a step in support of sports gambling, 1 state was quick to the punch. West Virginia legalized the industry in 2018 and accepts wagers on Kentucky based universities in addition to professional teams. Mardi Gras Casino is just over the Kentucky border, being a direct shot east on I-64 from the Lexington and Louisville.
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