Betting online sports events with any live bookie or online sportsbooks based in Kentucky is contrary to the nation’s laws. This is because the state of Kentucky hasn’t legalized any form of sports betting. But this does not stop offshore online bookies from accepting Kentucky residents, and the state does not have any online sports betting laws to prevent its occupants from enrolling at offshore online bookies.
This page tries to explain online sports gambling legality problems. We haven’t only attempted to provide an understanding of Kentucky’s sports betting legislation, but have shared expert opinions concerning the legality of gambling 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 in Kentucky?
It may look like gambling on the results of sports events with unlicensed live bookies is against the laws of Kentucky, but this isn’t exactly the situation. The state has strict gaming laws that prevent sports gambling in its own jurisdiction, but these laws are confined to those parties that”advance gambling activity.” In other words, the law — which may be found at the Kentucky Legislature website here (Chapter 528) — applies only to prospective bookmakers, not real sports bettors. The state doesn’t license any bookmaking company to run land-based or internet bookie businesses in its jurisdiction. Therefore, residents who place stakes with live bookies in Kentucky are running the danger of their bookie being detained, resulting in a total loss of their stakes and/or payouts. It is just not a good idea.
But several overseas online sportsbooks accept Kentucky residents and it’s legal for residents to join in any one of these offshore online sportsbooks. No law in Kentucky specifically states that it’s against the law for residents to sign up at offshore online bookies and place bets on their favorite sports events. In reality, it is totally valid for Kentucky residents to wager on sports at abroad online bookies, but care has to be taken when it comes to picking the best books available. It’s the Internet, after all, and there are a whole lot of scams on the market.
Useful Article: Is Online Sports Betting Legal In The U.S.
Can Kentucky Residents Get into Trouble for Placing Bets Online?
Kentucky residents won’t get into trouble with the law for placing bets on their favorite sports events at offshore online sports betting sites. That is because offshore online bookies accepting Kentucky bettors do not function from Kentucky and therefore do not violate Kentucky legislation at all. They are all based in overseas countries and run under permits issued by their home governments. Besides, the country has no law specifically stating it is illegal for people to wager on sports in abroad online sportsbooks, and just those who accept stakes inside the country are targeted by existing KY legislation.
To explain: the only people who will get into trouble are illegal live bookies who function in Kentucky. Since bookmaking is definitely illegal in Kentucky, running a bookie business is punishable by law. You will not be breaking your nation’s gambling laws so long as you adhere to the offshore internet bookies we have advocated for you, nor will your funds be confiscated as they might be when using a regional black market bookmaker.
Where Would Kentucky Residents Bet Sports Online?
Lots of offshore online sportsbooks accept Kentucky residents and we have chosen the best of them for your benefit. The Kentucky friendly online sportsbooks on this listing are based in foreign countries and do not violate your state’s laws. These are licensed and regulated online bookie companies that offer the greatest odds on preferred US league and college sports events. You can rest assured they are all reputable and top-rated brands.
Finest Online Sportsbooks Which Accept Kentucky Residents
Bovada Sportsbook Bovada Sportsbook — $250 Sports Welcome Bonus For KY Residents!
Bovada Sportsbook is a US friendly online sports gambling brand which 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 money at Bovada’s sportsbook since the online bookie covers almost every game that’s played under sunlight, and this also contains popular US league sports and college sports, together with international sporting events.
Since Bovada belongs to a prestigious company named Salmon River Technologies and runs under a permit granted by the Kahnawake Gaming Commission from Canada, bettors may look forward to a 100% safe and secure gambling atmosphere at Bovada Sportsbook. The online bookie enables US bettors to fund their accounts using safe and convenient payment methods, and the support also accepts 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 gambling. US bettors may also place bets on their favorite sports events in their own mobile devices, which makes it easy to bet no matter where you’re in Kentucky. KY residents who register at Bovada can now even get a 250 Sports Welcome Bonus to receive their wagering off to the right cleat.
SportsBetting Sportsbook SportsBetting.ag — Lifetime Bonuses For Kentucky Residents
SportsBetting not only gives the very best possible odds on a vast range of sports, but the site also has topnotch customer support service. Bettors will probably not face problems at all when they sign up together and use this US friendly online sports gambling site, but if they do, they can always get in contact with the internet bookie’s customer care representatives via toll-free phone, email, or live chat.
SportsBetting is unique since it does not stop at providing its clients a brand new player cash game bonus like other sites that are lesser. Rather, bettors at SportsBetting can assert a lifetime bonus of 25% (around $1000) on every deposit they earn for as long as they hold real cash accounts with the internet bookie. Since SportsBetting is regulated and licensed abroad, US bettors may rest assured of the best internet sports betting experience.
US bettors may lawfully bet on a massive selection of sports such as soccer, soccer, sports, racing, basketball, and so on at this internet bookie. Better still, SportsBetting takes the many diverse forms of payment of any significant sportsbook, together with available choices such as Visa, Mastercard, American Express, bank wire, cashier’s check, money order, and even Bitcoin along with other cryptocurrencies such as Bitcoin Cash, Ethereum, Litecoin, DASH, and much more.
5Dimes Sportsbook 5Dimes Sportsbook — Kentucky Bettors Can Place Their Own Lines!
The highlights of 5Dimes Sportsbook, a legal online gambling betting option for US bettors, are a 24/7 customer support program, appealing promotions, exciting bonuses, and a vast selection of sports gambling markets. 5Dimes Sportsbook is one of the very few online bookies that provides betting odds even on rare sporting events. Best of all, however, is that 5Dimes emphasizes the practice of”buying things,” which allows bettors the opportunity to place their own phrases on various stakes, including spreads, totals, and more.
Bettors may open two kinds of accounts at 5Dimes Sportsbook–a phone account or an online account. They can use the same details to gain access to additional 5Dimes services such as its 24/7 real-money casino and international pari-mutuel racebook, also.
5Dimes Sportsbook is the origin of attractive betting odds on sports such as boxing, racing, golf, soccer, baseball, soccer, and many others. US bettors prefer signing up at 5Dimes Sportsbook not simply as it is safe, secure, and lawful, but also because of its specific props and amusement odds. 5Dimes Sportsbook offers an attractive group of stakes for example parlays, under/over stakes, if stakes, monsters, lines, spreads, along with others, as well as new members that sign up now could find a 50% welcome bonus worth around $520 in valuable free plays!
BetDSI SportsbookBetDSI.eu — Mobile Sports Betting Apps For Kentucky Bettors
BetDSI is among the most extensive online sports gambling websites that Kentucky residents can locate. It has all of the sports, wagering forms, and gambling odds that you look for when joining an internet sportsbook. Additionally, there are tons of exciting added features, like the mobile betting platform where you can bet on sporting events as you’re waiting in line at the supermarket or are out and around in the bar.
Their mobile sportsbook delivers all of the BetDSI sports gambling actions into a convenient platform. You are able to access live gambling odds, make deposits, ask payouts, maintain bonuses, and more, from your iPhone or Android device. Bet on football, basketball, hockey, baseball, golf, or any other sport that you prefer. With mobile betting, you’ve got 24/7 access to a sports betting account.
BetDSI offers two different cellular sports betting options. You can visit the website from your iPhone, BlackBerry, or Android device and there is not any external app required. Only type in BetDSI.eu into your mobile browser and you’ll be told to the cellular website. There is also a downloadable app that bettors can use based on the type of device you own, such as a Microsoft Surface. If you are ready to get started betting on sports from the palm of your hand, join BetDSI now, where KY residents can find a huge 100% Welcome Bonus worth $500 just for signing up.
Finest Online Sportsbooks Which Accept Kentucky Residents
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Kentucky Sports Betting Laws
Kentucky has a couple of sports gambling laws, but not one of these say a word about online sports gambling. The current laws have been written to eliminate unlicensed live bookies from the state and rescue residents from being cheated by them. These laws aren’t written with all the individual bettor in your mind.
While it’s certainly against the law for any bookmaking company to run live or online sports gambling businesses within the country, the state has nothing in its law books to prevent occupants from registering and putting bets on sports events in offshore online bookies licensed in overseas gambling authorities.
The sport betting legislation in Kentucky make it clear that there are not any penalties imposed on taxpayers that are interested in legal online sports gambling. So long as you employ a legitimate online sportsbook you don’t need to worry about non invasive KY sports gambling laws. To examine Kentucky gambling laws in complete, you can have a look at the nation’s official legislation here.
Useful Post: Sports Betting Laws from the U.S.A.
Are Online Sportsbooks Accepting Kentucky Residents Regulated?
Kentucky is not able to license and regulate any bookmaking company only because it’s not legalized sports betting. In order to issue permits to and regulate online sports gambling businesses, it must first legalize sports betting and create a set of regulations for its sports betting industry. This is something which is not very likely to happen in the immediate future, though now that the skilled and Amateur Sports Protection Act (PASPA) has been overturned by the Supreme Courtthat the state can proceed with legalizing the pastime if it wishes.
The offshore online bookies that take Kentucky residents are not governed by the state. But this does not mean that these online bookies are illegal. They’re all licensed in offshore gaming jurisdictions and regulated by their strict gambling laws. They will lose their licenses if they don’t meet their clients and provide a safe and secure sports betting product. You need not be worried about losing your cash in the Kentucky friendly online sportsbooks we’ve listed here.
There’s Certainly No Lack Of Kentucky Sports Team To Wager On…
If Kentucky legalizes sports gambling, it might create revenue through college basketball betting 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 odds on Kentucky college basketball events.
What Are The Benefits To Legal Kentucky Sports Betting?
There is definitely no shortage of Kentucky sports teams to wager on. If Kentucky legalizes sports betting, it might generate massive revenue through taxing the betting on college basketball alone. The top college basketball team 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, however it hosts plenty of baseball 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 inside its borders, not to mention all the economic goodness that comes from maintaining all that massive handle within the state rather than sending it abroad. Hopefully, KY receives the memo earlier instead of later and provides its residents the sport gambling products they want.
The most recent laws for legalized sports betting in KY comes via BR 29, which you may read here. This law calls for a mere 3 percent tax on the entire sportsbook manage, however, making it unlikely that the legislation will likely 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 Exactly Does The + And Mean When Sports Betting?
When looking at American chances, the sign designates the underdog and means your potential earnings will be higher than the amount you’ll need to risk. The – sign designates your preferred and means that you will have to risk more than you may potentially win. This is called the moneyline, and it works like this:
Houston Rockets (+190) vs. San Antonio Spurs (-220)
A wager 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 stakes, like spread bets, the moneyline works the same way, but the two teams typically carry the same moneyline (generally -110 or so). This shows the built in vigorish, or house take, for the bookmaker (in this instance, roughly 10 percent of those wagers).
What Exactly Does PASPA Stand For?
PASPA was the skilled and Amateur Sports Protection Act of 1992, a national law which prohibited states from legalizing land-based sports betting. The sole exceptions were NV, DE, OR, and MT due to their prior legal sports betting options, though just NV was allowed to offer comprehensive sportsbooks. (The other states’ sports betting options were random lotteries based on sporting events.) PASPA is the reason why there aren’t any land-based sportsbooks in KY, but with PASPA now gone, that could change in the future.
Are Bonuses Only For New Members At Online Sportsbooks?
No, there are normally several different bonuses and promotions happening at internet sportsbooks. Even though there is always some type of welcome offer, most sports gambling websites have reload bonuses, free bets, and free-plays that can be redeemed by all members. Verify the promotions page regularly for the latest bonuses.
Can I Bet In The Horse Racing Tracks In Kentucky?
There aren’t any options to bet on sports at the Kentucky horse tracks… yet. The country is working towards legalizing the industry and some thoughts have sports gambling being offered at the tracks. Others would only allow for the lottery to take wagers but one thing is for certain — Kentucky players may bet on horses and sports by using an offshore sportsbook.
What’s the Kentucky Sports Betting Age?
You can wager on sporting events in Kentucky the moment you turn two Some sites may accept gamers as young 18 but we advise sticking with the nation’s laws. You will have to confirm your age when creating a withdrawal and being underage can lead to account termination as well as the confiscation of winnings. Be on the safe side and just bet when you’re inside the laws.
Where Can Sports Betting Revenue Be Allocated In Kentucky?
Kentucky is one of the states that seem to be placing the cash to good use. While it is only suggested and not approved (however ), the nation would ship the majority of the cash to the state pension fund which gives benefits to employees and retirement funds. Moreover, the state would allocate a portion of the capital to treat 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 continually proven to win lots of games and would be a fantastic intro into betting. If you don’t enjoy the Wildcats or want to bet elsewhere, think about the University of Louisville or Western Kentucky University. Both of these teams have strong athletic programs and have made a Final Four in the NCAA Tournament.
Do Any Neighboring States Offer Sports Betting?
While nations are constantly 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 established universities in addition to specialist teams. Mardi Gras Casino is just over the Kentucky border, being a direct shot east on I-64 from both Lexington and Louisville.
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