Louisville-based Churchill Downs Inc. expects sports betting to go live in Kentucky in the second half of 2023, and the company is already striking deals to provide FanDuel and other online platforms access to the state’s consumers in exchange for a cut of the action.
Churchill Downs CEO Bill Carstanjen on Thursday laid out a roadmap for the company’s plan to capitalize on the Republican-controlled legislature’s move in March to authorize sports wagering, making Kentucky the 37th state to allow betting on college and professional sports.
The law takes effect in late June, but the Kentucky Horse Racing Commission has until the end of 2023 to set up regulations and award licenses. Supporters of the law have said they hope it will launch in the fall.
