Establishes the sports wagering administration fund in Kentucky and outlines its use.
The bill establishes a sports wagering administration fund in the Kentucky State Treasury, funded by collections and state appropriations. Ten percent of the fund is allocated to the Kentucky Horse Racing and Gaming Corporation for administration and operation, with quarterly and annual reporting requirements. Two and one-half percent is directed to the Kentucky problem gambling assistance account, while the remaining funds are deposited in the Kentucky lottery trust account.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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