Kentucky Revised Statutes Title XIX. Public Safety and Morals § 230.361.Regulation of pari-mutuel wagering and sports wagering; regulation of sports wagering; authorized operation not grounds for revocation or suspension of temporary alcoholic beverage license; tickets presumed abandoned; license for special charitable events

(2) The corporation may promulgate administrative regulations governing and regulating sports wagering, including administrative regulations for the deposit of funds by credit or debit cards or other means of electronic funds transfer. The corporation may promulgate administrative regulations to establish a fully functioning sports wagering system within six (6) months after June 29, 2023.

(3) The operation of a pari-mutuel system for betting, or the conduct of sports wagering, where authorized by law shall not constitute grounds for the revocation or suspension of any license issued and held under KRS 242.1238 and 243.265.

(4) Notwithstanding any law to the contrary:

(5) The corporation may issue a license to conduct pari-mutuel wagering on steeple chases or other racing over jumps; if all proceeds from the wagering, after expenses are deducted, is used for charitable purposes. If the dates requested for such a license have been granted to a track within a forty (40) mile radius of the race site, the corporation shall not issue a license until it has received written approval from the affected track. Pari-mutuel wagering licensed and approved under this subsection shall be limited to four (4) days per year. All racing and wagering authorized by this subsection shall be conducted in accordance with applicable administrative regulations promulgated by the corporation.