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Expert comments on the legalization of sports betting in Kentucky, highlighting it as one of many pivotal moments for the sports betting industry seen this year

Caleb Tallman, a sports expert at WSN, provides his opinion on Kentucky’s announcement to legalize sporting betting and how they will fair in the wider industry:
“2023 is turning out to be a pivotal year in the world of sports betting. The announcement of Kentucky’s legalization follows not only the launch of Massachusetts in March but also the NFL vote in favor to keep sportsbooks open during games – all of which encompass a wider growing acceptance of sports betting that we’re seeing across the USA.
“Whilst Kentucky isn’t home to many major pro teams, we anticipate that the market will be very profitable due to the many popular college basketball and football teams in the state. Unlike many states, Kentucky will be able to participate in college betting which will certainly be a massive asset for the tax revenue of Kentucky.
“Despite the setup not being finalized until the latter end of the year, this launch is actually looking to be a fairly quick turnaround. Usually, you can expect operations to take up to two years to be operational. However, due to the already legalized horse racing betting, we foresee the state regulators being able to launch the sports betting system much quicker than usual, being up and running by the end/beginning of 2024.“
That being said, making sure those who choose to get involved with online betting do so responsibly is also important. Therefore, WSN has also provided some top tips on way in which someone can gamble more responsibly online and do so with their limits in mind.
5 Ways to Gamble More Responsibly Online:
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Set Spending Limits: Sportsbook apps will allow customers to set their own spending limits to help you prevent making rash decisions and go beyond your means when betting.
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Set Session Timers: Bettors can set clear session timers on the sportsbook apps to limit the amount of time you spend betting. This will help keep you aware of the amount of time spent on the app and minimise out-of-control moments when gambling.
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Take a Responsible Gambling Quiz: Those who are new and existing to gambling are encouraged to take one of the online quizzes available to help gamblers get a clearer idea of their relationship with betting. One quiz available is offered by the National Council on Problem Gambling.
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Understand Your Bet: Make sure you understand the odds and the house edge of the wagers you are making and be clear on your own risk tolerance. This comes from doing your research – knowledge is power.
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Know Your Limits: Treat your spending limit as an expense. Once it’s gone, it’s time to walk away instead of chasing your losses which can lead to bigger problems. Likewise, be cautious when mixing alcohol with betting as it can be harder to stick to your limits and edge over your tolerance.
Gambling in the USA
New Jersey Gambling Revenue Increases in July

This summer is shaping up to be a strong one for Atlantic City casinos and their online gambling operating partners. According to the latest data collected by the state, the total gambling revenue for the casinos and their operating partners from in-state online gambling was nearly $250 million during July. That represents a nearly 27% increase over last year’s total revenue for July, and it comes on top of a more than 23% year-over-year increase measured during the month of June.
In all, revenue this year from online gambling through the end of July topped $1.6 billion, up 23.3% compared to the same period last year, according to a report from the state’s Division of Gaming Enforcement, which regularly tracks gambling revenue earned legally in New Jersey.
The revenue gains from online gambling do not appear to have come at the expense of in-person gambling this summer, according to the DGE data. Revenue from gambling at the casinos also grew in both June and July, although at more modest rates, with year-to-date collections totaling $1.66 billion through the end of July, the report said.
Amid the online-gambling revenue upswing, state policymakers decided earlier this summer to increase the state tax levied on legal online gambling offered by casinos and their operating partners.
The online gambling tax hike, as well as an increase in the state tax levied on mobile sports betting, came as part of a broader plan to raise an additional $600 million in annual revenue for the state budget.
The two gambling tax hikes, which went into effect on July 1, are projected to increase the revenues the state collects from casino taxes and fees by more than $200 million annually, according to estimates from the Department of the Treasury.
According to the report issued by Stockton University, which is based in Atlantic County, the casino industry’s gross gambling revenues totaled nearly $5.7 billion in 2024.
Last year, the total from taxes and fees levied on casino operators in New Jersey topped $880 million, according to a report issued earlier this year by Stockton University.
This included $572 million in revenue that went directly into New Jersey’s Casino Revenue Fund, the report said. That fund, by law, benefits programs and services for senior citizens and disabled residents.
In all, online gambling on traditional casino games, like poker and blackjack, netted casino operators $2.4 billion in gross revenue last year, followed by slots, $2.1 billion; table games, $699.7 million; mobile sports betting, $486.5 million; and in-person sports betting, $6.5 million, according to the report, which cited state data.
And even before the increased state tax rates that were put in place earlier this summer, the tax revenue generated by casino gambling in New Jersey was trending up, the report said.
Gambling in the USA
Virginia Lawmakers Debate Creating iGaming Agency

Virginia lawmakers are actively debating whether to establish a new regulatory agency to oversee iGaming. The joint subcommittee discussed a bill to create the Virginia Gaming Commission. It would manage all gambling verticals beyond the lottery.
Delegate Paul Krizek said: “The Virginia Gaming Commission is a step we need to preserve the good.”
Currently, the Virginia Lottery regulates sports betting and casinos, while other agencies manage charitable gaming and horse racing. Lawmakers also considered legalizing online casinos, including real-money platforms.
Delegate Marcus Simon introduced HB 2171 earlier this year. The bill aimed to authorize a real money online casino market under casino-lottery oversight. While the bill failed, Simon explained that the aim remains to curb illegal offshore platforms.
“My goal is to bring it under a regulated umbrella where we can have some oversight and supervision,” Simon said.
The subcommittee reviewed revenue projections estimating up to $5.3 billion in taxable income from online casinos over five years. The estimates included increased land-based casino revenue of 8.4%.
Experts raised concerns about real money online casino risks. Keith Whyte from Safer Gambling Strategies urged strong enforcement and safer gaming tools. Whyte noted: “Players could be encouraged… to take control through deposit limits, time limits, budget calculators, and personalized dashboards.”
Mental health advisor Brianne Doura-Schawohl backed up Whyte’s statement, warning that such products are dangerous without safeguards.
Former New Jersey regulator David Rebuck testified that iGaming complemented land-based casinos there. He pointed to New Jersey’s market, where online play boosted tourism and in-person casino revenue.
However, some Virginia legislators expressed skepticism, citing fears of cannibalization. They questioned whether online casinos might draw customers away from brick-and-mortar venues.
Industry experts countered that New Jersey and Michigan showed the opposite effect. Rebuck explained: “The evidence demonstrates iGaming expands the player base rather than cannibalizes physical casinos.”
Supporters argued that Virginia’s land-based operators could benefit from cross-promotion, loyalty programs, and expanded reach to players in rural areas.
The subcommittee must make recommendations by November 30, 2025. Officials expect the commission’s creation will precede legalization of online casinos. The Virginia lawmakers will review feasibility and revise HB 2171 before the 2026 legislative session.
Gambling in the USA
DraftKings Introduces Credit Card Deposit Ban for US Customers

DraftKings has introduced credit card deposit ban for US customers. This decision aligns them with other major gambling operators, such as Fanatics Betting & Gaming, Betr, and Sporttrade, which have already banned credit card funding for wagering accounts.
It also comes on the heels of another major announcement by DraftKings. Starting September 1, DraftKings will charge a 50-cent fee for every mobile and online bet placed in Illinois using its Sportsbook platform. This change follows a similar move by FanDuel.
DraftKings CEO, Jason Robins, expressed his disappointment with Illinois policymakers for significantly raising the tax rate. He is worried that this could hurt the legal sports betting industry, while the illegal market continues to operate without paying taxes or providing any consumer protections.
DraftKings has informed its users that any saved credit card information will be disabled.
Moving forward, players will need to utilize alternative payment methods, including:
• Debit Cards
• ACH and wire transfers
• PayPal, Venmo
• Apple Pay
• Gift Cards
Bettors can also use cash at physical locations to fund their accounts.
DraftKings describes this step as a “strategic business decision” aimed at shielding customers from the high interest rates and cash advance fees usually associated with credit card deposits in gambling. Unlike regulatory demands, this decision was internally driven but coincides with growing scrutiny from regulators.
DraftKings has decided to stop accepting credit cards for deposits in the US due to worries about customer safety and more scrutiny from regulators. Recently, the company faced a significant fine in Massachusetts, where it is based. The Massachusetts Gaming Commission fined DraftKings $450,000 for allowing credit card deposits, which goes against state laws.
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