Best Kentucky Sportsbooks | Guide to Kentucky Sports Betting 2024

Sports Betting in Kentucky: Quick Overview

Full List of Approved Kentucky Sportsbooks: 

• Bet365 Sportsbook
• BetMGM
• Caesars
• Circa
• DraftKings
• Fanatics
• FanDuel
• ESPN BET

Other KY sportsbooks potentially applying for a license from the KHRC:

• BetRivers 
• Hard Rock 
• WynnBET 
• BetR
• Betway
• Pointsbet 
• Twinspires
• Tipico

1. Caesars Sportsbook Kentucky

Caesars Sportsbook, a prominent global brand, operates legally in states with online sports betting and boasts a generous welcome bonus and extensive sports market coverage. And for Kentucky, Caesars has crafted an offer that not only provides an immediate bonus but also ensures you have something to look forward to for the next month. 

Quick Facts about Caesars Kentucky:

• Top Features: Wide-ranging betting markets, user-friendly interface, Caesars Rewards program, streamlined same-game parlay syste
• Payments: Deposits via Visa, Mastercard, PayPal, ACH, Play+, PayNearMe, and Online Banking. 
• User Experience: Swift and easy platform navigation across various markets.
• Withdrawal Time: Withdrawals through PayPal, ACH, Play+, and Online Banking within 1-5 working days.
• Mobile App Rating: iOS rating of 4.6 and an Android rating of 4.2.
• In-Depth Review: Caesars KY Sportsbook

2. BetMGM Sportsbook Kentucky

BetMGM Sportsbook is expected to make waves in online Kentucky sports betting. The ‘King of Sportsbooks’ operates in numerous states across the U.S. and is known for offering an effortless user experience, competitive odds, and diverse betting options. 

Quick Facts about BetMGM Kentucky:

• Eligibility Age: 21+ 
• Best Features: Live streaming of European sports, MGM loyalty program, integrated easy parlay builder in the app, regular odds boosts and daily promotions.
• MGM Rewards: Earn points for wagers to redeem online or at MGM Resorts.
• Payment Options: Multiple methods available including Visa, Mastercard, PayPal, and Play+. Withdrawals process within 1-4 days.
• Betting Choices: Wide range of professional and college sports.
• Mobile App: Ratings: iOS (4.8), Android (4.5).
• User Experience: Seamless, intuitive design on both desktop and mobile platforms.
• Customer Service: Potential slower response time compared to competitors.
• In-Depth Review: BetMGM Kentucky Sportsbook

3. FanDuel Sportsbook Kentucky 

FanDuel sportsbook is celebrated for competitive odds and varied promotions for both newcomers and regular bettors.  

Quick Facts about FanDuel Kentucky:

• Eligibility Age: 21+
• Best Features: excellent user experience, intuitive app, live streaming, competitive odds, and regular promotions.
• User Experience: Intuitive app navigation with hundreds of sports markets
• Payment: Instant deposits through various means. Note: No card withdrawals; only e-wallets, online banking, or prepaid cards
• Withdrawal Time: Up to five days, based on method
• Betting Options: Extensive sports selection with competitive odds
• Promos & Bonuses: Regular offers, odds boosts, and daily specials
• Mobile App Ratings: 4.8 on Apple and 4.7 on Google Play
• In-Depth Review:  Fanduel KY Sportsbook

4. DraftKings Sportsbook Kentucky

A top-tier online sportsbook, DraftKings Kentucky boasts tempting odds for major domestic leagues and diverse betting options.  

Quick Facts about DraftKings Kentucky:

• Eligibility Age: 18+
• Best Features: live streaming, social betting, free pools for non-monetary sports engagement, single wallet for sports betting, DFS, and horse racing, same-game parlay boost for enhanced 4-leg parlay odds
• DraftKings Rewards: Earn points with the Dynasty Rewards program
• User Experience: User-friendly design across platforms, Intuitive interface with exciting promotions
• Payment Options: Multiple deposit methods
• Withdrawal Time: Withdrawals process within 1-5 days (excluding card withdrawals)
• Betting Choices: Wide range from pro sports to the Kentucky Derby via the DK Horse app
• Mobile App Ratings: iOS (4.8), Android (4.7)
• In-Depth Review: DraftKings sportsbook Kentucky

5. Bet365 Sportsbook Kentucky

Quick Facts about Bet365 Kentucky:

• Eligibility Age: 18+
• Best Features: Live streaming of European sports, Ultra-competitive live betting odds, and Early cash out feature. 
• User Experience: Offers an incredible range of betting choices, frequent promotions, and a simple-to-use app.
• Payments: Mastercard, Visa, PayPal, Neteller, Play+, PayNearMe, Online banking
• Withdrawal Times: PayPal (1 day), Neteller (1 day), Online banking (1-5 days), Play+ (1 day)
• Betting Choices: Over 20 sports to bet on, including popular leagues like NFL, NBA, MLB, and NHL.
• Mobile App Rating: Apple App Store Rating: 4.7, Play Store: 4.5.
• In-Depth Review: Bet365 Sportsbook Kentucky

6. ESPN BET Sportsbook Kentucky (Formerly Barstool)

Many bettors were expecting Barstool to make its debut in Kentucky but in an interesting change of events, Penn Interactive sold the Brand name back to its original owner after purchasing it earlier this year, and instead teamed up with ESPN to create ESPN BET Sportsbook. 

 Here’s a quick rundown of what went down:

• Barstool & PENN's Alliance: In 2020, PENN Entertainment partnered with Barstool, a leading sports media brand, to tap into its vast fanbase and promote sports betting.
• Barstool Sportsbook's Rise: Backed by PENN, Barstool Sportsbook quickly became a favorite in the betting world, thanks to its unique branding and loyal followers.
• Shifting Strategies: As the industry evolved, PENN re-evaluated its partnerships, leading to a decision to separate from the Barstool brand.
• Barstool's Independence: PENN sold the Barstool brand back to its founder, Dave Portnoy, allowing Barstool to refocus on its core content mission.
• PENN's New Quest: Post-Barstool, PENN sought a new partner for its sportsbook, aiming for a reputable name in sports.
• ESPN Steps In: ESPN, a sports broadcasting titan, joined forces with PENN, eyeing the sports betting arena.
• ESPN Bet's Debut: The collaboration birthed ESPN BET, blending ESPN's sports insights with PENN's betting expertise.

Having said that, it should be going live by the end of the year. The operator is promising  top-notch sports analysis, expert betting advice, and a user-friendly experience, enriched by exclusive ESPN content and talent - and we’re looking forward to it. In the meantime, you can check out our detailed ESPN BET Kentucky review to get more information on what we can expect from this sportsbook.

How to Sign Up at KY Online Sports Betting Sites

• Choose a Reputable Site: Begin by selecting a trusted sportsbook. Opt for Kentucky sports betting sites with positive reviews, proper licensing, and a user-friendly interface.
• Visit the Registration Page: Navigate to the sportsbook's website or app and click on the "Sign Up" or "Register" button.
• Provide Personal Details: 
  • Basic Information: Name, date of birth, and address.
  • Contact Details: Email and phone number.
  • Social Security Number (SSN): Many US sportsbooks require the last four digits of your SSN to verify your identity.
• Additional Details: Some sites might ask for occupation or income source to ensure responsible gambling.
• Set Up Security Details: Choose a unique username and a strong password. Some sites may also ask security questions for added protection.
• Enter Promo Codes: In some cases, you may need to enter a promo code to claim your bonus. If a promo code is available, make sure to input the code during registration to claim special offers.
• Verify Your Account: 
  • Email Verification: Sportsbooks often send a verification link to your email. Click on it to confirm your account.
  • Document Verification: You might be asked to provide a copy of a government-issued ID (like a driver's license or passport) and a utility bill or bank statement as proof of address.
  • Mobile Verification: Some sites send a code to your phone for added security
• Deposit Funds: Go to the "Deposit" section, select a payment method, and add funds to start betting.
• Begin Betting: With your account set up and funded, explore the sportsbook and place bets on your preferred sports.
• Stay Updated: Regularly visit the promotions or offers section to maximize bonuses and boosts.

Betting on the NFL Season in Kentucky

Benefits of Using Legal Sports Betting Sites:
 

Bet Types in Kentucky

• Moneyline: A straightforward bet on which team or player will win.
• Point Spread: Betting on the margin of victory.
• Over/Under: Wagering on the combined score of both teams.
• Parlays: A single bet linking two or more individual wagers.
• Props: Bets on specific events within a game, like which player will score first.
• Futures: Bets on events that will happen in the future, like who will win the championship.

These are just a few of the betting options expected to be available in Kentucky. As the launch date approaches, we'll have more information on the specific offerings of each sportsbook. Stay tuned for updates!

The Role of the Kentucky Horse Racing Commission (KHRC)

The Kentucky Horse Racing Commission (KHRC) is responsible for regulating horse racing in the state. With the introduction of sports betting in Kentucky, the KHRC's role has expanded to include:

• Licensing: Issuing licenses to sports betting operators.
• Monitoring: Overseeing sportsbook operations to ensure compliance with state regulations.
• Consumer Protection: Addressing bettor disputes and ensuring fair treatment.
• Promoting Responsible Gambling: Ensuring operators provide resources for problem gamblers.
• Maintaining Integrity: Preventing fraudulent activities and match-fixing in sports betting.

Horse Racing Tracks Partnerships With Mobile Sportsbooks

Kentucky's HB 551 law uniquely positions its nine horse racing tracks as retail sports wagering facilities locations, granting them exclusive rights for sports betting licenses. This setup paves the way for multiple potential partnerships, with tracks allowed three online partners each. As a result, KY online sportsbooks could number up to 27. This strategic approach ensures the state's vital horse racing industry benefits directly from the betting revenue. 

Here is the latest list of retail sports betting locations approved in Kentucky:

Top 5 Kentucky Sports Teams to Bet On 

Kentucky might not have a professional sports team, but it has a proud tradition of college teams with championship pedigrees. A few of the more popular college sports teams which can be alluring for sports bettors are:

• Kentucky Wildcats Football - This college football team has claimed one National Championship and holds a 12-9 bowl record.
• Kentucky Wildcats Men's Basketball - This team represents the pinnacle of college basketball success, with 8 National titles and a winning percentage of .765.
• Western Kentucky Hilltoppers College Football - Helmed by legendary coaches with NFL careers, the Hilltoppers have a 9-5 bowl record.
• Murray State Racers Men's Basketball - With 17 NCAA tournament appearances and a program that has produced NBA star players from college basketball, Murray State is a treasure trove of talent.
• Louisville Cardinals Men's Basketball - The Cardinals are a storied hoops program in Division One, with two National titles decorating the trophy cases of the university.

Kentucky Horse Race Betting 

Making betting legal in Kentucky aligns with its rich equestrian history and passion for sports. Known as the "Horse Capital of the World," Kentucky's horse racing heritage is a core part of its identity. This love began in the late 18th century and has grown ever since, culminating in iconic races like the Kentucky Derby at Churchill Downs, often dubbed "The Most Exciting Two Minutes in Sports." While the Derby steals the limelight, events like the Bluegrass Stakes and Kentucky Oaks also highlight the state's racing prominence.

Kentucky is not just about racing; it's a hub for horse breeding, with its fertile Bluegrass region producing champion horses. Institutions like the Kentucky Horse Park and the University of Louisville's Equine Industry Program educate and celebrate the deep bond between humans and horses in the state. For Kentucky, horse racing is not just a sport—it's a cherished tradition that enriches its cultural and economic landscape.

With the legalization of sports betting, Kentucky takes a significant step forward, merging its historical love for horse racing with modern sports betting avenues. Making online horse racing betting legal, along with other sports, not only offers residents a regulated and safe betting environment but also promises to boost the state's economy, leveraging its unique position in the world of sports.

Common Questions about Kentucky Online Sports Betting and Casino Gambling

What online gambling options are legally available in Kentucky? 

At present, the only authorized online gambling activities in Kentucky include pari-mutuel advance deposit wagering platforms, specifically TVG and Twin Spires, and the Kentucky Lottery which provides online draw and instant game tickets. Additionally, sports betting has been approved, however, it hasn't been rolled out for the public yet.

Can I bet on sports in Kentucky?

Not yet, but sports betting will be available soon. Starting September 7, 2023, in-person sports betting will be introduced at horse track sportsbooks in the state. The online sports betting launch will follow suit on September 28, 2023.

I'm eager to bet on sports now. What are my options?

If you're in Northern Kentucky, sports betting in Ohio is a convenient option as the state legalized the activity earlier this year. Just a short trip across the Ohio River, and you can bet legally within Ohio's borders. You don't need to be a resident. Additionally, states bordering Kentucky like Illinois, Indiana, West Virginia, Virginia, and Tennessee have legalized sports betting

Will I need to travel for sports betting after September 7, 2023?

No, starting September 7, residents won't need to cross state lines as sports betting will be legal in Kentucky.

Is casino gambling legal in Kentucky?

No, casino gambling and Kentucky online casinos are not permitted. While the State has been working hard to make online betting legal, there are no plans to do the same for online casino gambling. Residents looking for experiences similar to New Jersey online casino apps need to visit neighboring states.

Are there any online gambling options in Kentucky?

Yes, while traditional online casinos aren't allowed, residents can play at social and sweepstakes casinos like WinStar, LuckyLand, and Chumba. These platforms offer free virtual coins and jackpot prizes without real money transactions. Additionally, Kentucky offers pari-mutuel advance deposit wagering platforms like TVG and Twin Spires, and online options for the Kentucky Lottery.

What about offshore-based gambling sites?

Gambling on offshore-based sites is discouraged due to their lack of regulation. This is why many have been pushing to make online sports betting legal. Players risk losing their funds, and there's no guarantee of fair gameplay.

The Future of The Kentucky Sports Betting Industry

What does the future look like for sports betting in Kentucky? 

The Kentucky Sports Betting industry is poised for significant growth, with betting apps playing a pivotal role. These KY betting app platforms will offer features like live-streaming and in-play betting, enhancing the overall betting experience for users.

In terms of Tax Revenue Projections, the state expects to generate approximately $23 million annually in tax revenue and licensing fees from sports betting. Some experts believe this estimate might even be on the conservative side.

When compared to other legal betting states, Kentucky's approach to sports betting mirrors the strategies adopted by several others. The emphasis on mobile betting, in particular, reflects a broader national trend. However, the true test will be how Kentucky's sports betting market performs in comparison to its neighbors, both in terms of user engagement and revenue generation.

Responsible Gambling in Kentucky 

As sports betting becomes a reality in Kentucky, it's crucial to remember the importance of responsible gambling. Betting on sports should be an enjoyable pastime, not a means to make money or escape problems. Here are some tips to help you bet responsibly:

✔ Set a Budget: Decide how much money you're willing to lose before you start betting, and stick to that budget. Never bet money you can't afford to lose.

✔ Understand the Odds: Make sure you understand how betting odds work before you place a bet. Remember, the house always has an edge.

✔ Don't Chase Losses: It can be tempting to try to win back money you've lost by placing more bets, but this can lead to even bigger losses.

✔ Take Regular Breaks: Gambling continuously without taking breaks can lead to poor decision-making and problem gambling.

✔ Seek Help if Needed: If you or someone you know is struggling with gambling, don't hesitate to seek help. The Kentucky Council on Problem Gambling provides resources and support for individuals dealing with problem gambling.

Remember, the Kentucky Horse Racing Commission is the regulator for sports betting in the state, and they are committed to promoting responsible gambling practices. If you have any concerns about your gambling habits, please reach out to them or another trusted organization for help.

Other Useful References Relevant to KY Sports Betting: 

• Kentucky Lottery Commission: As the body overseeing sports betting in Kentucky, they will likely have resources and information about responsible gambling.
• National Council on Problem Gambling: This national organization provides a wealth of resources for those struggling with problem gambling, including a 24/7 helpline.
• 800-Gambler.org: This international organization offers support groups for individuals struggling with problem gambling.