230.811 License required to conduct sports wagering -- Prerequisites to obtaining
171 words·~1 min read·
/ky/230-811A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
sports wagering license -- Fees.
(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)Licensing fees under this section shall be paid to the corporation.