Carroll: Pay Off Pension Debt with Sports Wagering
By Kentucky News Network
FRANKFORT, KY - A Kentucky state senator wants your next bet on the Super Bowl to help pay off the state's pension debt.

Senator Julian Carroll of Frankfort has pre-filed a bill that would allow sports fans to bet on professional sports at any horse track or off-track betting facility with the majority of the revenue to go the pensions.

The bill won't be heard until the session scheduled to start in January but requires the resolution of a case before the U.S. Supreme Court challenging the constitutionality of a federal law that prohibits sports wagering nationwide with a few exceptions.

The American Gaming Association says there is money to be made in sports wagering with $4.7 billion wagered on the most recent Super Bowl, $4.5 billion of which were illegal bets.

Kentucky is joining ten other states who are considering similar legislation.

Published 12:10 PM, Wednesday Sep. 20, 2017
Updated 03:41 PM, Thursday Sep. 21, 2017

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