The state of Kentucky’s settlement with an online poker site means a jackpot for one Lexington law firm. Gov. Andy Beshear announced last week that Flutter Entertainment, the parent company of PokerStars, will pay $300 million to end a decade of litigation over allegedly illegal and untaxed gambling that had been operating in Kentucky via the Internet. In a prepared statement, Beshear’s office said the settlement is “$300 million that the General Assembly will be able to direct to critical areas, like education, health care and economic development.”
However, of that total, $75 million goes to the state’s private attorneys at the firm of Hurt, Deckard & May. Lexington attorney Jim Deckard and his firm pursued the case for the state on a 25 percent contingency fee under a 2008 contract issued by the administration of Beshear’s father, then-Gov. Steve Beshear.