
Omnibus Betting Bill Clears Kentucky House
Clip: Season 4 Episode 346 | 2m 37sVideo has Closed Captions
Sports wagering books required to accept bets up to $1,000, with exceptions, under measure.
An omnibus betting bill cleared the full House Thursday but not before a major change was adopted. House Bill 904 deals with horse racing, sports betting, and prediction markets.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Kentucky Edition is a local public television program presented by KET

Omnibus Betting Bill Clears Kentucky House
Clip: Season 4 Episode 346 | 2m 37sVideo has Closed Captions
An omnibus betting bill cleared the full House Thursday but not before a major change was adopted. House Bill 904 deals with horse racing, sports betting, and prediction markets.
Problems playing video? | Closed Captioning Feedback
How to Watch Kentucky Edition
Kentucky Edition is available to stream on pbs.org and the free PBS App, available on iPhone, Apple TV, Android TV, Android smartphones, Amazon Fire TV, Amazon Fire Tablet, Roku, Samsung Smart TV, and Vizio.
Providing Support for PBS.org
Learn Moreabout PBS online sponsorshipAn omnibus gambling bill cleared the full House today, but not before a major change was adopted.
House Bill 904 deals with horse racing, sports betting and prediction markets.
Today, State Representative Nick Wilson filed a floor amendment that also would require sports wagering books to accept bets up to $1,000, except in cases of suspected fraud or problem gambling.
The floor amendment passed with bipartisan support.
Despite the objections of the bill's primary sponsor.
Sportsbooks are limiting bets from bettors, but not for the reasons you might think, not because someone lost too much money, not because of fraud.
And actually its opposite.
If somebody is winning, they're more likely to be limited.
And as the gentleman from Whatley rightly pointed out, the people running the sportsbooks, they know us better than we know ourselves.
They know who shouldn't be betting, who can afford to bet who's who's in over their head, and they know who's really good at it.
And they have.
The pattern has been the way these companies have worked.
They target losers and they ban the winners.
And I think this is a good step.
But riding the shift.
There is, to my knowledge, no other state of the 39 states now that have legalized sports wagering, that have adopted a provision like what the gentleman from Whitley is bringing before you today, $1,000 bet.
And I'm not saying anybody shouldn't be able to win, but $1,000 bet in certain situations could lead to a very, very large win for the customer and loss for the book.
I just have a lot of concerns with making a change like this in the business practices of the licensees who are licensed, who are regulated in a time when we still don't have a mature marketplace on this.
And in a time when we are doing major, major things to change this.
Now, once again, that floor amendment was approved.
House Bill 904 also proposes raising the age of sports wagering in Kentucky from 18 to age 21.
And it puts a tax on prediction markets, which have been in the news lately for allowing bets on elections and even specific actions in the war with Iran.
The bill also bans certain prop bets on in-state collegiate athletes, and it creates a charitable gaming task force that will meet during the interim.
House Bill 904 passed by a vote of 79 to 15.
And it now heads to the Senate for consideration there.
Bill Aims to Grow Dolly Parton's Imagination Library in Kentucky
Video has Closed Captions
Clip: S4 Ep346 | 1m 31s | Dolly Parton's Imagination Library program would expand its reach in Kentucky under bill. (1m 31s)
Bill Allowing Adults under 21 to Conceal Carry Advances
Video has Closed Captions
Clip: S4 Ep346 | 3m 47s | Avancing House bill allows 18–20-year-olds to legally carry a concealed firearm. (3m 47s)
Community Remembers Fallen Service Member
Video has Closed Captions
Clip: S4 Ep346 | 3m 47s | Community honors a fallen airman from Kentucky who died in military operations against Iran. (3m 47s)
Lifestyle Medicine Uses Healthy Habits to Fight Chronic Disease
Video has Closed Captions
Clip: S4 Ep346 | 3m 38s | Lifestyle Medicine initiative the first of its kind in Kentucky. (3m 38s)
Students Would Have Fewer Standardized Tests Under Bill
Video has Closed Captions
Clip: S4 Ep346 | 3m 2s | Bill makes significant changes to assessment and accountability model for public schools. (3m 2s)
Providing Support for PBS.org
Learn Moreabout PBS online sponsorship
- News and Public Affairs

Top journalists deliver compelling original analysis of the hour's headlines.

- News and Public Affairs

FRONTLINE is investigative journalism that questions, explains and changes our world.












Support for PBS provided by:
Kentucky Edition is a local public television program presented by KET




