Kentucky Sports Betting: Best KY Sportsbooks & Bonus Offers

Both in-person and online sports betting officially became legal in Kentucky in September 2023. The state’s market is already buzzing, with several brand-name operators offering lucrative welcome bonuses to first-time signups.

In this article, I’ll explore the best KY sportsbooks and their unique offerings to help you get started with Kentucky sports betting.

Kentucky Sports Betting Breakdown

The journey to legal sports betting in Kentucky was a rollercoaster of legislative efforts and regulatory developments. It all started on March 31, 2023, when Governor Andy Beshear signed HB 551 into law, officially making it legal in the state. Retail sports betting launched on September 7, 2023, just in time for the NFL season kickoff, followed by the much-anticipated launch of mobile sports betting on September 28, 2023.

The Kentucky Horse Racing Commission is the regulatory body overseeing all sports betting activities in the state. Under the new legislation, Kentucky’s nine licensed horse racing tracks can partner with up to three online sportsbooks, allowing for a maximum of 27 licensed mobile sports betting apps. This partnership model leverages Kentucky’s rich horse racing heritage and ensures a competitive and diverse sports betting market.

Mobile sportsbooks in Kentucky are subject to a tax rate of 14.25%, while retail sportsbooks are taxed at 9.75%. This framework is expected to generate approximately $23 million annually in tax revenue for the state. Bettors in Kentucky can place wagers on a wide range of sports, including professional leagues, sanctioned college sports, and various international events.

Best Kentucky Sports Betting Sites Ranked

Now it’s time to explore the best Kentucky online sportsbooks.

Here is what makes each one stand out:

1. bet365 Sportsbook Kentucky

bet365 Sportsbook Kentucky is an excellent choice for beginners and seasoned bettors alike. Launched on September 28, 2023, bet365 offers many features, including live betting, Same Game Parlays, and a unique Early Cash Out option that allows bettors to cash out early on select wagers if their team gains a sufficient lead. The platform is accessible on various devices, including desktop computers and mobile phones, with apps available for both iOS and Android.

New users can choose between two enticing welcome offers with the bet365 bonus code ON3BONUS: A First Bet Safety Net up to $1,000 or Bet $5, Get $150 in Bonus Bets Guaranteed. With its wide variety of betting options and flexible banking methods, including debit and credit cards, PayPal, and online banking, bet365 Kentucky is a top contender among KY online sports betting sites.

2. Fanatics Sportsbook Kentucky

Fanatics Sportsbook Kentucky stands out for its unique integration of sports merchandise with betting. This sportsbook allows users to earn FanCash on bets, which can be redeemed for sports apparel, other merchandise and even bonus bets. This innovative approach enhances the betting experience and rewards users in a way that aligns with their passion for sports.

New users can take advantage of a Bet and Get up to $1,000 in No Sweat Bets! welcome offer by clicking on this link! No Fanatics Sportsbook KY promo code is required.

The Fanatics Sportsbook app is highly rated, boasting scores of 4.7 on the Apple App Store and 4.5 on Google Play. With various banking options, including debit cards, instant bank transfers, and Apple Pay, Fanatics Sportsbook Kentucky is a fantastic choice for those looking for a new betting app.

3. BetMGM Sportsbook Kentucky

BetMGM Sportsbook Kentucky is renowned for its comprehensive loyalty program and high-value welcome offers. Launched on September 28, 2023, BetMGM Kentucky provides an engaging betting experience with its user-friendly mobile app available on both iOS and Android. The app features a sleek design that enhances navigation and overall usability.

New users can choose between two attractive welcome offers:

• The BetMGM Kentucky bonus code ON1500 provides a 20% Deposit Match up to $1,500 in Sports Bonus!
• The BetMGM Kentucky bonus code could also alternatively give users Up to $1,500 Back in Bonus Bets if Your First Bet Doesn’t Win!

BetMGM offers various betting types, including moneyline, point spreads, parlays, and prop bets, making it a versatile option for all bettors.

4. DraftKings Sportsbook Kentucky

DraftKings Sportsbook Kentucky is a favorite among bettors for its user-friendly interface and extensive live betting options. Additionally, new users can benefit from a strong welcome offer: Bet $5, Get $200 Instantly + a $50 Bonus Bet on First Deposit! with the DraftKings Kentucky promo code.

The DraftKings app is highly rated, with a 4.8-star rating on the Apple App Store, reflecting its exceptional user experience.

DraftKings is known for its unique rewards program, where bettors can earn Crowns and Tier Credits for their wagering activities on the site. The sportsbook also offers a variety of banking options, including credit/debit cards, online banking and PayPal.

5. Caesars Sportsbook Kentucky

Caesars Sportsbook Kentucky offers a robust loyalty program with six tiers, providing various rewards and benefits to its users. The app is user-friendly, with a clean layout that caters to new and experienced bettors. One of the standout features of Caesars Sportsbook is its live streaming option, allowing users to watch events in real time while placing bets.

New users can use the Caesars Sportsbook Kentucky promo code ONMAXDYW Bet $1+, Get 10 100% Profit Boost Tokens!

New users can also opt to Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn’t Win by signing up with the Caesars Sportsbook Kentucky promo code ON31000.

With its loyalty program and live streaming capabilities, Caesars Sportsbook Kentucky is ideal for high-stakes bettors looking for a premium betting experience.

6. ESPN BET Kentucky

ESPN BET Kentucky rounds out my ranking of the best Kentucky sports betting sites. Bettors at ESPN BET KY can place wagers on a variety of major sports, including NFL, NBA, MLB, and college sports involving local teams like the Kentucky Wildcats and Louisville Cardinals.

The ESPN BET Kentucky app has an extremely user-friendly interface. Higher customer ratings for the iOS version compared to Android indicate device-specific performance differences. With competitive odds and live betting options, ESPN BET Kentucky is perfect for those in search of a new betting platform loaded with unique features.

Retail Sportsbooks in Kentucky

Kentucky’s retail sports betting scene has flourished since the legalization of sports betting in late 2023. The state features nine retail sportsbooks at horse racing tracks, allowing in-person betting on major sports leagues and college games. These venues include popular locations such as Churchill Downs in Louisville, Keeneland in Lexington, and Turfway Park in Florence, each partnering with leading sportsbook operators to provide a top-notch betting experience.

Whether you’re a resident or just visiting, these retail sportsbooks offer a vibrant atmosphere to place your bets and enjoy the thrill of live sports. Kentucky’s historic horse racing culture combined with the excitement of sports betting makes these venues a must-visit for any sports enthusiast.

Differences Between Kentucky Mobile Betting and Retail Sports Betting

While both mobile and retail sports betting offer unique advantages, there are some key differences to consider. Mobile sports betting provides the convenience of placing bets remotely, allowing bettors to wager from anywhere within the state. This option particularly appeals to those who prefer the flexibility of betting on the go.

On the other hand, retail sports betting offers the social experience of placing bets in person at established locations, which can be a fun and engaging way to enjoy sports. Mobile betting in Kentucky is taxed at a higher rate of 14.25% compared to 9.75% for retail betting. Additionally, mobile sportsbooks require players to create online accounts and often offer a more comprehensive range of betting options.

Retail sportsbooks, however, allow bettors to enjoy the ambiance of a live sports environment, making them a popular choice.

How to Choose the Best Kentucky Sports Betting Site

Given the variety of options available, selecting the right Kentucky sportsbook can be daunting. Several factors, including user reviews, bonus offers, betting options, and the overall user experience, must be considered.

Here’s a guide to help you make an informed decision:

Competitive Odds

Regarding sports betting, having access to competitive odds can significantly impact profitability. Different sportsbooks may offer varying odds for the same wager, so it’s crucial to compare them to enhance your potential returns.

Opening accounts with multiple sportsbooks can be advantageous, allowing bettors to take advantage of the best available odds.

Strong Welcome Offer

The welcome bonus is one of the most enticing aspects of signing up with a new sportsbook. These bonuses can significantly increase your starting capital, often through deposit matches or bonus bets. In Kentucky, several sportsbooks offer substantial welcome bonuses, with some providing up to $1,500 in bonus bets if a user’s first wager loses. It’s important to compare welcome bonuses at different sportsbooks to ensure you’re putting your money towards the best ones.

Promos for Existing Users

While welcome bonuses are great for new users, ongoing promotions for existing users are equally important. These promotions can include bonus bets, enhanced odds, and loyalty rewards, which help maintain user engagement and reward loyal bettors. Many Kentucky sportsbooks offer regular promotions that coincide with major sporting events, providing enhanced wagering opportunities during these times.

Personalized promotions based on betting history can also improve user retention and satisfaction. Some sportsbooks offer loyal customers exclusive access to special betting markets or events, making the betting experience more rewarding and enjoyable.

Easy-to-use Mobile App

A user-friendly mobile app is crucial for bettors who prefer placing wagers on the go. An intuitive app enhances the betting experience by allowing quick navigation and easy access to betting markets. For instance, the BetMGM mobile app in Kentucky boasts a high user rating of 9.7/10, highlighting its superior performance and user-friendly interface.

Other apps, like Caesars Sportsbook KY, integrate loyalty programs that provide rewards, further enhancing user engagement. TheFanatics Sportsbook KY app allows users to convert FanCash earned from purchases into bonus bets, adding a unique feature for sports bettors.

With features like real-time updates, live streaming, and data-driven analytics, these apps cater to a wide range of user preferences.

Competent Customer Service

Effective customer support is essential for swiftly resolving issues in online betting. A reliable sportsbook should offer live chat support to address any problems that users might encounter. Sportsbooks with strong customer service often receive higher satisfaction ratings from users, as prompt and helpful support can significantly improve the overall betting experience.

The availability of various support channels, such as email, phone, and live chat, ensures that users can get the help they need when needed.

How to Sign Up with a Kentucky Sportsbook

Creating an account with a Kentucky sportsbook is a straightforward process. First, you must be at least 21 years old (18+ at select sites). Most sportsbooks require users to provide personal information, such as a driver’s license or Social Security number, to verify their identity.

Once your identity is confirmed, you must make an initial deposit to begin betting. Many sportsbooks offer welcome bonuses to new users, such as bonus bets or deposit matches, which can significantly boost your initial bankroll. Review the terms and conditions of these bonuses thoroughly before signing up to maximize their benefits.

Kentucky Sports Betting Legislation Timeline

The legalization of Kentucky online sports betting has been a multi-step process involving several critical events:

• February 22, 2023: A bill known as HB 551 is introduced in the Kentucky State House, aiming to legalize both online and in-person sports betting.
• March 13, 2023: The Kentucky State House passes HB 551 with a vote of 63-34, marking the initial step toward legalizing sports betting in the state.
• March 14, 2023: The Kentucky State Senate receives the sports betting bill, HB 551.
• March 30, 2023: The bill clears the Senate with a 25-12 vote, meeting the required votes to move forward with legalization.
• March 31, 2023: Governor Andy Beshear signs HB 551 into law, officially legalizing sports betting in Kentucky.
• April 27, 2023: Churchill Downs announces a partnership with FanDuel Sportsbook to facilitate sports betting.
• May 5, 2023: DraftKings’ CEO expresses confidence that a timeline for launching sports betting will be established by the next earnings call in August.
• May 16, 2023: Caesars Sportsbook reveals its partnerships with Keeneland and Red Mile racetracks for sports betting operations.
• June 15, 2023: State Senator Damon Thayer predicts that legal sports betting will be operational by the start of the 2023 NFL season.
• July 6, 2023: The Kentucky Horse Racing Commission schedules a meeting to finalize rules and the launch date for sports betting.
• July 10, 2023: The Commission announces that in-person sports betting will commence on September 7, with online betting following on September 28.
• July 17, 2023: Governor Beshear establishes a Sports Wagering Advisory Council to oversee retail and online sports betting in the state.
• August 22, 2023: The Kentucky Horse Racing Commission officially approves several mobile and retail sportsbook operators for launch.
• August 28, 2023: Pre-registration for online sports betting begins in Kentucky.
• September 7, 2023: Legal in-person sports betting goes live at various retail locations across the state.
• September 28, 2023: Online sports betting launches in Kentucky, allowing bettors, including out-of-state visitors, to place bets from their mobile devices.

Kentucky Sports Betting Tax Rate

Kentucky has established a dual tax rate system for sports betting, designed to maximize revenue while fostering a thriving betting environment. In-person wagers are taxed at a rate of 9.75%, while online wagers incur a higher tax rate of 14.25%. These rates are in line with those of other states that have legalized sports betting, striking a balance between generating state revenue and maintaining a competitive market.

The tax revenue generated from sports betting in Kentucky is earmarked for various state programs and initiatives, providing a significant boost to public services. This financial influx is expected to support education, infrastructure, and other critical areas, demonstrating the broader benefits of legalizing sports betting in the state.

What is the Legal Betting Age in Kentucky?

In Kentucky, the minimum age for participating in sports betting is 18 years old, depending on the operator. This age requirement also applies to daily fantasy sports (DFS) and horse race betting. While most online sportsbooks in Kentucky have set the legal betting age at 21 to maintain consistency with other states, the state’s regulations permit individuals aged 18 and older to engage in these activities.

Kentucky Horse Race Betting

Kentucky is synonymous with horse racing, and betting on horse races is a deeply rooted tradition. The Kentucky Derby, held annually at Churchill Downs, is one of the most famous horse races in the world, attracting bettors from all over. TwinSpires is a widely recommended platform for horse race betting in Kentucky, offering real money and free-to-play options.

In addition to the Kentucky Derby, bettors can enjoy wagering on races at other renowned tracks, such as Keeneland and Turfway Park. The Kentucky Horse Racing Commission governs all horse racing activities in the state, ensuring fair play and integrity.

With various betting options and future wager pools, Kentucky’s horse betting scene offers something for both novice and experienced bettors.

Kentucky Daily Fantasy Sports Options

Kentucky also offers a variety of daily fantasy sports (DFS) options for sports enthusiasts. Platforms like Underdog Fantasy, Boom Fantasy, and PrizePicks provide engaging contests allowing users to predict player performances and win prizes based on accuracy. These DFS platforms offer unique formats, such as pick ’em games, where players can choose whether athletes will exceed or fall below certain performance metrics.

These diverse DFS options give Kentucky residents plenty of opportunities to enjoy fantasy sports.

What Sports Can I Bet on in Kentucky?

Kentucky’s sports betting regulations allow wagers on a wide variety of sports, catering to the diverse interests of bettors. Popular options include major professional leagues such as the NFL, NBA, MLB, and NHL and college sports, which are particularly significant in Kentucky due to the state’s strong college basketball culture. Bettors can also place wagers on unique events like major league eating and cornhole, adding an element of novelty to the betting experience.

The Kentucky Horse Racing Commission has approved betting markets for traditional sports and newer options like darts and snooker. However, Kentucky’s sports betting regulations prohibits betting on Academy Awards or political events. With such a wide range of sports, Kentucky bettors can find something that suits their interests.

Most Popular Kentucky Teams to Bet On

In Kentucky, college sports reign supreme, with the University of Kentucky Wildcats and the University of Louisville Cardinals leading the pack. The Wildcats, particularly their basketball team, have a massive following, making them a favorite among bettors. The excitement surrounding their games often translates into a flurry of betting activity, with fans placing wagers on everything from point spreads to player performances.

The University of Louisville Cardinals also enjoy a strong fan base, especially in the western part of the state. Their football and basketball teams attract significant betting interest, with fans eager to back their favorite players. Whether it’s the Wildcats or the Cardinals, these teams provide ample opportunities for local fans.

Which Banking Options are Available at Kentucky Sportsbooks?

Kentucky sportsbooks offer a variety of banking options to facilitate deposits and withdrawals. Standard methods include credit and debit cards, e-wallets like PayPal, and bank transfers. Many sportsbooks also allow instant deposits, enabling users to start betting immediately. Minimum deposit requirements typically start around $10, making it accessible for most bettors.

Withdrawals can vary in processing time, with some methods taking up to five business days. Security measures, such as encryption and compliance with industry standards, are in place to protect personal information during transactions. Additionally, some sportsbooks allow users to fund their accounts via retail locations connected to the sportsbook, providing an added convenience layer.

Responsible Gambling in Kentucky

Promoting responsible gambling is a cornerstone of Kentucky’s approach to sports betting. The Kentucky Horse Racing Commission, tasked with regulating the industry, has implemented a range of measures to ensure that betting remains a safe and enjoyable activity. These measures include providing resources and support for problem gamblers, setting limits on betting amounts, and enforcing strict operational standards for sportsbooks.

Educational campaigns and support services are readily available to help individuals who may be struggling with gambling-related issues. By fostering a culture of responsible gambling, Kentucky aims to protect its residents while allowing them to enjoy the excitement of sports betting in a controlled and fair environment.

History of Gambling in Kentucky

Gambling has deep roots in Kentucky, dating back to the 18th century when horse racing emerged as a popular pastime. The state’s rich history in horse racing is epitomized by the Kentucky Derby, one of the most prestigious horse racing events globally, drawing bettors from around the world to Churchill Downs each year.

Over the years, Kentucky has expanded its gaming options to include lottery games, charitable gaming, and, most recently, sports betting. The legalization of sports betting in 2023 represents a significant milestone, expected to generate substantial revenue and create new economic opportunities for the state. This evolution reflects Kentucky’s ability to adapt and thrive in the ever-changing landscape of gambling and entertainment.

Frequently Asked Questions Kentucky Sports Betting

Here are some of the most frequently asked questions for all things Kentucky sports betting:

Is sports betting legal in Kentucky?

Yes! Both in-person and online sports betting officially launched in Kentucky in September 2023.

Do I need to live in Kentucky to place a bet?

You don’t have to live in Kentucky to place a bet, but you must be physically present in the state to place a bet. So, even if you’re visiting, you can still join in on the action!

Which sportsbooks are available in Kentucky?

Kentucky sportsbooks include BetMGM, DraftKings, FanDuel, Caesars, ESPN BET, bet365, Fanatics, and Circa. There are plenty of options to choose from!

Can I bet on college sports in Kentucky?

Yes, you can bet on college sports in Kentucky.

What is the best Kentucky sportsbook?

The best Kentucky sportsbook is bet365 Sportsbook KY. Give them a try for an enjoyable betting experience!