Oh, the sun shines bright on my old Kentucky home, with Circa Sports now live, we shall never roam. (sorry)
Circa Sports announced today its online sports betting app is now live in . It s the eighth live online sports betting operator for the Bluegrass State.
Circa Sports gained entry into the Kentucky sports betting market through a partnership with ECL Corcin, LLC, at its Cumberland Run harness track. Kentucky is the fifth state Circa Sports has launched online sports betting.
Kentucky is a Major Hub for College Sports
The Circa Sports Kentucky app can be downloaded and funded remotely from anywhere. In a press release announcing the launch, Circa Sports noted that it will feature the highest betting limits in the industry.
A minimum deposit amount of $20 has been set for users.
We are thrilled to launch Circa Sports in the great state of Kentucky,” said Derek Stevens, CEO of Circa Sports, in a press release. “We’ve always had our sights set here as we know it is a major hub for college sports, horse racing and more. We are looking forward to providing Kentucky bettors with some of the best odds and expertise out there.”
The ECL Corbin, LLC properties are owned by a partnership headed by Las Vegas casino veterans Ron Winchell and Falcone, with the Keeneland racetrack in Lexington having a minority stake. Circa Sports is currently licensed and live in Kentucky, Illinois, Nevada, Colorado, and Iowa.
Marc Falcone, co-owner of the ECL Corbin, LLC properties, said, “We’re delighted to welcome Circa Sports to the Commonwealth as a sports-betting partner. They allow us to offer another amenity to complement our existing gaming.”
Kentucky Sports Betting Off to Good Start
The Kentucky Horse Racing Commission sports betting handle and revenue reports for both January and February. According to the commission, customers bet more than $465.48 million in online and retail sports betting handle over the two months, which including the NFL playoffs and Super Bowl.
This translated to more than $8 million in sports betting tax revenue for the commonwealth.
In January, Kentucky sports bettors bet $246,060,027 online and $11,048,203 in retail sportsbooks for a total of $257,108,230. Kentucky reported $5,193,552 in online sports betting tax revenue as well.
In February, the Kentucky Horse Racing Commission reported $198,568,947 in online sports betting handle for the month. The state took in nearly $3 million in online sports betting tax revenue for as well, totaling $2,958,535 in online sports betting tax revenue for February.