The state of Kentucky is one step closer to legalizing sports betting after a bill was passed by the House of Representatives and sent to the Senate for consideration. The bill, known as HB 137, would allow for sports betting at horse racing tracks and off-track betting facilities across the state.

If the bill is passed, Kentucky would join a growing number of states that have legalized sports betting since the Supreme Court struck down a federal ban on the practice in 2018. Currently, 20 states and the District of Columbia have legalized sports betting, with several others considering similar legislation.

Under the proposed bill, licensed horse racing tracks and off-track betting facilities would be allowed to offer sports betting on professional and collegiate sporting events. The bill also includes provisions for online and mobile sports betting, which would be regulated by the Kentucky Horse Racing Commission.

Supporters of the bill argue that legalizing sports betting would bring in much-needed revenue for the state, which has been hit hard by the COVID-19 pandemic. According to a fiscal analysis conducted by the Legislative Research Commission, sports betting could generate up to $22.5 million in annual revenue for the state.

Opponents of the bill, however, have raised concerns about the potential negative effects of gambling on individuals and society as a whole. They argue that legalizing sports betting could lead to an increase in problem gambling and addiction, as well as other social issues such as crime and corruption.

To address these concerns, the bill includes provisions for responsible gambling measures, such as self-exclusion programs and problem gambling hotlines. The bill also includes strict regulations to prevent corruption and ensure the integrity of sporting events.

Overall, the passage of HB 137 represents a significant step forward for sports betting in Kentucky. While there are still hurdles to overcome before the bill becomes law, its progress through the House of Representatives is a positive sign for supporters of legalized sports betting in the state. If passed, Kentucky could become a major player in the rapidly growing sports betting industry.