![]() ![]() “This is a great day for the commonwealth and its people,” he said. Thayer, a long-running proponent for legal sports wagering, said he views it as an extension of “our time-honored tradition of betting on horse races.” After that, the revenue would go to the state public pension system. ![]() A percentage of the revenue would go to a fund to help combat problem gambling. Revenue from taxing such wagering would cover regulatory costs. The group was founded in 1915 by Harukichi Yamaguchi in Kobe, Japan. The Kentucky Horse Racing Commission would regulate sports wagering operations. Japan’s organized crime syndicate, the yakuza, is comprised of 21 boryokudan (violence groups) and the biggest one is Yamaguchi-gumi, which is headed by Kenichi Shinoda, who is the gangs sixth ever kumicho (chairman). Service providers would have to pay $50,000 for an initial license and $10,000 a year to renew. Participating tracks could contract with up to three service providers for sports wagering services at the track itself, or through online sites and mobile applications. The bill would allow Kentucky’s horse racing tracks to be licensed as sports betting facilities for a $500,000 upfront fee and an annual renewal cost of $50,000. "There will be people who can’t afford to bet, who will bet anyway.” “There will be people hurt by this," Westerfield said. Whitney Westerfield said during the debate: “Ask yourselves, how much money people of Kentucky have to lose before we get that?” Referring to the revenue estimates, Republican Sen. It amounts to about 3,000 per month making it a huge. Opponents called sports betting a highly addictive form of gambling that would hurt Kentucky families. About 36,000 pills total were imported into Kentucky from a 1,000 mile pill pipeline over the course of 13 months since December 2010. Thayer said he thinks that the estimate is low. Supporters said it's estimated to generate about $23 million a year in tax revenue and licensing fees. The bill would legalize, regulate and tax sports wagering in Kentucky. The Senate ultimately decided to allow residents in the state that’s home to the Kentucky Derby to legally wager on other sporting events. Supporters needed a minimum of 23 votes to pass it because it’s a revenue-producing bill in a non-budget year. Leader of Brooklyn-Based Eastern European Organized Crime Syndicate Extradited from Switzerland to Face Racketeering and Other Charges Friday, September 9. The bill's fate had loomed as one of the biggest uncertainties heading toward the conclusion of the 30-day legislative session. ![]() The Democratic governor, who has advocated for sports betting throughout his term, hailed the bill's passage, declaring in a social media post: “Kentuckians will soon be able to place their bets here and for the first time” keep the resulting tax revenue in the Bluegrass State. “And people want to be able to make the choice - of their own free will - to make a wager on a sports event, like almost all of our surrounding states.” “We love our sports in the commonwealth,” Republican Senate Majority Leader Damon Thayer said in promoting the bill during debate. ![]()
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