KRS § 230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026)

Sports wagering generally requires a license from the corporation, and certain applicants must meet association status and pay specified fees.

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Jurisdiction: United States — Kentucky
Instrument: Act or statute
Version: Undated source snapshot
Language: en
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fixed-odds wagering license prerequisites renewal fees sports wagering

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Provisions of KRS § 230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026)

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230.811
KRS § 230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026)
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AI-assisted research summary: Sports wagering generally requires a license from the corporation, and certain applicants must meet association status and pay specified fees.

230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026) (1) Except as provided in KRS 230.805(6), no person shall conduct, manage, or offer to conduct sports wagering within the Commonwealth of Kentucky without obtaining a license from the corporation. (2) As a prerequisite to obtaining a sports wagering license, a person shall be licensed as an association under KRS 230.300. If sports wagering is conducted by the track that chooses not to contract with a service provider, it shall comply with the standards established by the corporation for service providers to ensure the integrity of the system of sports wagering before conducting sports wagering in the Commonwealth. (3) In addition to the requirement in subsection (2) of this section, an initial fee of five hundred thousand dollars ($500,000) shall be paid to the corporation before a sports wagering license may be issued to a track. (4) An annual renewal fee of fifty thousand dollars ($50,000) shall be required for each sports wagering license. (5) (a) A track or association shall not manage or offer to conduct fixed-odds wagering within the Commonwealth of Kentucky without obtaining a supplemental license from the corporation. (b) An initial fee of two thousand five hundred dollars ($2,500) shall be paid to the corporation before a supplemental license may be issued to a track or association. (c) An annual renewal fee of two thousand five hundred dollars ($2,500) shall be required for a supplemental license. (6) Licensing fees under this section shall be paid to the corporation. Effective: July 15, 2026 History: Amended 2026 Ky. Acts ch. 184, sec. 47, effective July 15, 2026. -- Amended 2025 Ky. Acts ch. 124, sec. 21, effective March 27, 2025. -- Amended 2024 Ky. Acts ch. 171, sec. 98, effective July 1, 2024. -- Created 2023 Ky. Acts ch. 147, sec. 10, effective June 29, 2023.

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KRS § 230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026)

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Provisions of KRS § 230.811 License required to conduct sports wagering -- Prerequisites to obtaining sports wagering license -- Fees. (Effective July 15, 2026)

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