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HB97 • 2026

AN ACT relating to the sports wagering administration fund.

AN ACT relating to the sports wagering administration fund.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
J. Tipton
Last action
2026-01-14
Official status
01/14/26: to Appropriations & Revenue (H)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT relating to the sports wagering administration fund.

AN ACT relating to the sports wagering administration fund.

What This Bill Does

  • AN ACT relating to the sports wagering administration fund.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-14 Kentucky Legislative Research Commission

    to Appropriations & Revenue (H)

  2. 2026-01-07 Kentucky Legislative Research Commission

    introduced in House to Committee on Committees (H)

Official Summary Text

AN ACT relating to the sports wagering administration fund.

Current Bill Text

Read the full stored bill text 
UNOFFICIAL COPY 26 RS BR 950
Page 1 of 2
XXXX 1/5/2026 4:21 PM Jacketed
AN ACT relating to the sports wagering administration fund. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
Section 1. KRS 230.817 is amended to read as follows: 3
(1) (a) There is hereby established in the State Treasury a restricted account to be 4
known as the sports wagering administration fund. The fund shall consist of 5
moneys received from the moneys collected under KRS 138.552, 230.811, 6
and 230.814 and state appropriations. 7
(b) 1. The amounts deposited in the fund shall be used as follows: 8
a. Ten percent (10%) of the receipts shall be distributed to the 9
Kentucky Horse Racing and Gaming Corporation fo r the 10
administration and operation of the corporation. The corporation 11
shall prepare and submit a quarterly report to the Legislative 12
Research Commission for referral to the Interim Joint Committee 13
on Licensing, Occupations, and Administrative Regulations or to 14
the Senate Standing Committee on Licensing and Occupations and 15
the House Standing Committee on Licensing, Occupations, and 16
Administrative Regulations, as appropriate, which includes the 17
amounts received as well as the expenditures against those funds . 18
This information shall also be included in the corporation's annual 19
report required by KRS 230.225; and 20
b. Two and one-half percent (2.5%) of the funds shall be deposited in 21
the Kentucky problem gambling assistance account established in 22
KRS 230.826. 23
2. The remaining funds shall be deposited in the Kentucky lottery trust 24
account established in KRS 154A.130 [permanent pension fund 25
established in KRS 42.205]. 26
3. Any interest accruing to the fund shall become a part of the fund and 27
UNOFFICIAL COPY 26 RS BR 950
Page 2 of 2
XXXX 1/5/2026 4:21 PM Jacketed
shall not lapse. 1
(2) Notwithstanding KRS 45.229, fund amounts not expended at the close of a fiscal 2
year shall not lapse but shall be carried forward into the next fiscal year. 3
(3) Moneys deposited in the fund shall be: 4
(a) Used for the purposes set forth in this section; and 5
(b) Distributed as they are received on a rolling basis. 6