Kentucky Reports Huge 1st Day of Mobile Sports Betting
All questions and concerns about the viability of Kentucky sports betting apps were answered late last week by data released by GeoComply, "the global leader in geolocation and compliance technology."
Mobile sports betting in Kentucky went live Thursday, Sept. 28, just in time to take advantage of the start of NFL Week 4. Judging by geolocation transactions that took place over the first day of operation, the mobile sports betting scene in the Bluegrass State could be one to watch.
What the geolocation numbers revealed
The GeoComply data confirmed what many felt about the impending Kentucky mobile sports betting industry — that it would see brisk betting action and that Kentuckians would support a long-awaited internet-based sports wagering platform.
GeoComply, the Vancouver-based solutions company, tracked an astounding 2.020 million geolocation checks on the first 24 hours of legal mobile sports betting in Kentucky on Thursday. The wagering action came from almost 200,000 mobile sports betting accounts that were active on Day 1, through pre-registration or from same-day sign-ups.
How the stats were compiled
Seven of the eight licensed sportsbooks went live on Thursday and saw brisk action right from the outset. The geolocation tracks came from those seven providers. Only Circa Sportsbook which itself gained a licensing opportunity in the state failed to launch on Day 1. The seven best Kentucky sports betting apps included:
- bet365 Kentucky
- BetMGM Kentucky
- Caesars Kentucky
- DraftKings Kentucky
- Fanatics Sportsbook
- FanDuel Kentucky
- Barstool Sportsbook (soon to be ESPN Bet)
GeoComply's tracking and final stats for the first 24 hours of legal mobile in Kentucky came from customers of Kentucky sports betting apps:
- Registering a Kentucky sports betting apps account
- Logging in to a Kentucky sportsbook
- Logging back in
- Placing a bet with a Kentucky sports betting app
Building on a strong retail start
Kentucky sports betting officially kicked off on Sept. 7 with retail sports betting reporting strong numbers for its first two weeks. Kentucky became the 35th state, along with the District of Columbia, to allow for legal sports wagering on that date.
According to figures released by regulators in Kentucky, over $4.5 million in wagers was placed with the state's retail providers in its first two weeks of action.
At the time of release of the retail figures, Gov. Andy Beshear went on record saying that: “With college football and the NFL season underway, plus the launch of mobile wagering, we expect that number will grow significantly. This is a strong number that certainly reflects the excitement Kentuckians have for the opening of sports wagering.”
The numbers outpaced the initial wagering activity in such betting markets as Arizona and Kansas. Kentucky nearly doubled the retail action in a comparable population state, Louisiana, after its first 24 hours of mobile sports betting operation.
Looking ahead
The Kentucky legal sports betting industry will continue to grow, just as Governor Beshear predicted, buoyed by strong Kentucky sportsbook promos for new users. As of now, just eight of a possible 27 licenses have been awarded. Only seven of the best sportsbooks have officially gone live.
Look for each of Kentucky’s nine licensed horse racing tracks to ramp up their search for Kentucky sports betting app partners in the next few months and for the Kentucky Horse Racing Commission to continue their work filling out the Bluegrass State sports wagering scene. Each track is allotted 3 “skins”.
Eventually, legal sports betting sites will provide a boon for needy state and local tax coffers in the state. A figure of $23 million has been tossed around as the tax infusion that a mature and full legal sports betting industry in the Bluegrass State will provide.
"Sports wagering has already been a big hit in the commonwealth, with more than $4.5 million already bet, and that means that those dollars stay here in Kentucky," Gov. Andy Beshear said Thursday. "Everybody enjoy, do it responsibly, but know that this is a win-win for Team Kentucky, as these dollars will help our people."