Kentucky Revised Statutes — Title XI (Revenue and Taxation)

KRS 138.513 — Tax on advance deposit account wagering licensees

(1) (a) Beginning August 1, 2014, but before August 1, 2022, an excise tax is
imposed on all advance deposit account wagering licensees licensed under
KRS 230.260 at a rate of one -half of one percent (0.5%) of all amounts
wagered through the licensee by Kentucky residents; and
(b) Beginning August 1, 2022, an excise tax is imposed on all advance deposit
account wagering licensees licensed under KRS 230.260 at a rate of one and
one-half percent (1.5%) of all amounts wagered through the licensee by
Kentucky residents.
(2) The tax imposed by this section shall be paid, collected, administered, and
distributed as provided in KRS 138.530.

Last amended: Effective: July 15, 2024 History: Amended 2024 Ky. Acts ch. 123, sec. 35, effective July 15 2024; ch. 166, sec. 9, effective July 15, 2024; and ch. 171, sec. 45, effective July 1, 2024. -- Amended 2022 Ky. Acts ch. 124, sec. 5, effective July 14, 2022. -- Created 2014 Ky. Acts ch. 102, sec. 8, effective July 15, 2014. Legislative Research Commission Note (7/15/2024). This statute was amended by 2024 Ky. Acts chs. 123, 166, and 171, which do not appear to be in conflict and have been codified tog

Source: official text