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Kentucky Bill Filed to Legalize Fixed-Odds Wagering

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Kentucky Bill Filed to Legalize Fixed-Odds Wagering


The legalization of fixed-odds wagering is part of a comprehensive gaming and wagering bill filed March 4 with the Kentucky House of Representatives. 

Rep. Matt Koch, a Republican from Paris, and Rep. Michael Meredith, a Republican from Oakland, are sponsors of HB 904, which creates a form of betting that sets the payout odds at the time a wager is placed and those odds do not change.

Wagering on horse racing in Kentucky is now only pari-mutuel, the traditional form for the sport in which gamblers bet against each other and odds are determined based on how much is wagered on a specific bet—for example, win, place, or show—compared with the total money in the wagering pool.

With pari-mutuel wagering, the odds change as money enters the pool and has become a sore spot with many gamblers because these changes can be dramatic due to the introduction of computer-assisted wagering. CAW betting is a form of wagering that uses computer algorithms to formulate selections and then push those bets through to pari-mutuel pools, up to six bets per second in the final minute before pools are closed. This last-minute deluge of wagers can cause a horse’s odds to fall, for example, from 8-1 as they are loading into the gate to 3-1 as the race unfolds and the tote system catches up with calculating the late wagers.

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Offering fixed odds is seen as one solution and has already been adopted in New Jersey, Colorado, and in West Virginia last April.

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“This basically puts it in hands of the tracks to test the waters,” said Koch, who is the co-founder of Shawhan Place in Bourbon County. “As the gambling market continues to expand, we’re exploring ways to give tracks the flexibility to introduce new and engaging products. For many who enjoy wagering, consistency is key. They want the confidence of knowing a horse’s odds will remain steady throughout the race, allowing them to enjoy the experience to the fullest. However, we recognize the uncertainty that a new product brings and want to be particularly mindful of its potential impact.”

As part of the legalization of fixed-odds wagering, the bill creates a “purse stabilization fund” that will be supported by excise taxes and fees from fixed-odds wagering. Licensed tracks would pay 15% on the adjusted gross revenue of fixed-odds wagers placed on-track and via advance-deposit wagering websites and mobile applications. This fund will be used to supplement purses at live horse racing meets annually at an amount not to exceed 10% of the fund.

“This is similar to how other states manage the revenue from fixed odds and protects the traditional purse pools,” Koch said.

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Additionally, Koch said having outdated totalizator networks contributes to the frustration with CAW, so HB 904 includes a provision for licensed totalizator companies and licensed racetracks to accelerate the adoption of improved technologies for wagering systems and provide “commercially reasonable access to the betting odds for retail bettors by April 1, 2027.”

“Some of these totes are only updating every 30 seconds and that is contributing to the perception and frustration,” he said, referring to bettors seeing late odds changes. “Doing our research, we realize there are things we can do for tracks to update their totes and have those updated odds in seconds. We need to stay on top of the IT and that needs to be an ongoing deal.”

The bill also includes a prohibition against any track or association licensed to conduct horse racing, sports wagering, or fantasy sports being affiliated with or benefiting from any entity that offers prediction market contracts. 

Prediction market operators are a growing concern for the gambling industry because they have expanded from taking wagers on the outcome of future events, such as elections or new events, and are now including sporting events, such as horse racing. The prediction markets defend their business by claiming to take “contracts” and not “wagers.”

The threat of the prediction markets was addressed by Churchill Downs Inc. CEO Bill Carstanjen during a Feb. 26 conference call with investors and analysts and is the subject of a panel discussion this week during the National Horsemen’s Benevolent and Protective Association’s annual conference being held at Oaklawn Park.

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READ: Prediction Markets Have the Racing Industry’s Attention

Other provisions of HB 904 include:

  • After Nov. 1 of a calendar year, the Kentucky Horse Racing and Gaming Corporation may authorize additional racing dates or make changes to racing dates awarded if requested by a licensed association, supported by the applicable horsemen’s group and “deemed in the best interest of racing.”
  • Creates a new section that legalizes and puts the regulation of fantasy contests under the authority of the Kentucky Horse Racing and Gaming Corporation. Fantasy contests are simulated games or contests with an entry fee and awards or prizes established prior to the contest. Participants compete against each other and manage a fictional roster of actual athletes and obtain scores based on real-life performances. If adopted, all fantasy contest operators must be licensed by the state and adhere to regulations that include preventing fraud and money laundering, prevent underage participation, verify customers are geographically located in jurisdictions allowing fantasy contest participation, and comply with state audits and any complaints or allegations of prohibited conduct.
  • Sets the legal age to participate in sports betting, fantasy contests, and charitable gaming at 21 but keeps the legal age for betting on horse racing at 18.





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Where Kentucky turns following Donnie Freeman’s commitment to St. John’s

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Where Kentucky turns following Donnie Freeman’s commitment to St. John’s


Kentucky quickly made its move on Syracuse star transfer Donnie Freeman in the portal, making immediate contact and hopping on a Zoom call before getting a visit scheduled for the following week. The Wildcats emerged as the likely landing spot, fighting off Alabama and UConn for his services — only for St. John’s and Tennessee to throw their hats into the ring and make their own late pushes going into the weekend.

There was serious optimism in Lexington that Mark Pope had batted down those Hail Mary throws by the Red Storm and Volunteers with a potential public commitment coming Sunday, only for the afternoon to turn into evening without a peep. Then came the late-night chatter that Rick Pitino had tossed another deep ball toward the end zone, an offer Freeman couldn’t refuse to ultimately land his services as the No. 19 overall player and No. 5 power forward in the On3 Industry Transfer Portal Rankings. Kentucky had its chance to keep the bidding war alive and potentially flip the momentum back, but the fat lady has officially sung.

That’s a tricky predicament for Pope and the Wildcats, who already passed on Colorado transfer and Florida State pledge Sebastian Rancik to continue their pursuit of Freeman. That came after Magoon Gwath (DePaul) and DeSean Goode (Miami (FL)), two other confirmed targets, committed elsewhere, along with the departures of Mo Dioubate (LSU) and Andrija Jelavic (Ohio State) from Pope’s second roster in Lexington.

So, uh, who is left for the Wildcats? Let’s separate the potential candidates into four categories.

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“Gotta make Brad Stevens say no”

Two absolute gems remain at the position and could make all of the Pope Whiff doomers stop in their tracks: Iowa State’s Milan Momcilovic and Santa Clara’s Allen Graves. You know both names because Kentucky played each of them in the NCAA Tournament, the former knocking the Wildcats out in the Round of 32 and the latter nearly doing so with a dagger in the final seconds of regulation — only to be topped by Otega Oweh’s half-court miracle at the buzzer.

They’re ranked No. 1 and No. 3 at the position, respectively, and are obvious home-run hits if UK can make contact. The issue? Despite entering the portal, they prefer to keep their names in the draft and will likely do so with first-round guarantees. A return to college isn’t impossible for either — Graves sits at No. 32 in ESPN’s latest draft rankings while Momcilovic comes in at No. 43 — but you won’t even get a meeting without $5M as a starting point, with the bidding likely finishing at or near the $6M mark. Are you ready to back up the Brinks truck? That’s the only option if you want the prized forwards.

Now, if you’re looking for better value, Saint Mary’s Paulius Murauskas and Iowa’s Alvaro Folgueiras are both technically available, sitting at No. 2 and 11 at the position, respectively. Kentucky has had exploratory conversations with both players — the latter was seen as a serious target this time last offseason, as well — and the talent is there. Murauskas averaged 18.4 PPG and 7.6 RPG on 48/33/84 splits with the Gaels this season and earned All-WCC honors in each of the last two years. That would do the trick. Folgueiras averaged 8.4 PPG, 3.6 RPG and 2.2 APG for the Hawkeyes, but is most famous for hitting the game-winning three to beat Florida in the NCAA Tournament. Maybe not a can’t-miss superstar, but pretty darn solid for a pivot.

But, heavy emphasis on technically available — because they both have On3 RPM picks in favor of other schools. Murauskas is projected to follow his former St. Mary’s coach, Randy Bennett, to Arizona State, while Folgueiras is expected to land at *sigh* Louisville. They haven’t made public commitments, but the clock is ticking and Pope would have to make up a lot of ground in a hurry.

Both are highly unlikely to wear the blue and white.

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Realistic, but not a needle-mover

If you’re looking for somebody solid to join the fold, James Madison’s Justin McBride is the perfect candidate. Standing 6-7, 240 pounds following previous stops at Oklahoma State and Nevada, the versatile forward earned Third Team All-Sun Belt honors, averaging 15.3 PPG, 5.6 RPG and 1.5 APG on 49/40/78 splits as a junior in Harrisonburg. Before that, he averaged 7.8 PPG and 4.2 RPG as a sophomore with the Wolfpack and 2.5 PPG and 1.5 RPG as a freshman with the Cowboys.

Finding his fourth home in four years, McBride is scheduled to visit Lexington this week, he tells Jacob Polacheck of KSR+. That comes after a Zoom meeting with the staff last week.

He’s productive with experience as a journeyman, finally tapping into his potential as a former top-125 recruit out of high school after seeing his role increase as a junior. There is a lot to like there, but the idea was for the Plano, TX native to serve as a complementary plug-and-play backup, staggering minutes with the go-to starter. You absolutely take him, but with the idea that you still need much more.

Potential wildcards

No. 1 recruit Tyran Stokes is trending heavily toward Kansas — and he’s also more of a jumbo wing capable of playing 1-4 more than a true power forward — but the conversation starts there in terms of obvious names to upgrade talent on a roster desperate for upgrades. Whatever it takes if you’re Pope, no matter how unlikely.

The Wildcats have also been involved with No. 15 overall prospect Miikka Muurinen, who is undeniably talented, but there are maturity questions. North Carolina and Arkansas are among those to poke around, but there is a risk factor to keep in mind before automatically connecting those dots.

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Pope went overseas to find Jelavic, so maybe that’s the path? It’s possible, but easier said than done when looking for obvious star talent. That was supposed to be the 6-11 forward, coming in with multiple years of eligibility and committing to Kentucky after a single conversation — exactly what you’d want when going down that road. The Wildcats weren’t able to see that process through and there is no guarantee the next international find won’t have similar year-one hiccups.

You also can’t rule out that another wave of portal announcements won’t come over the next 24 hours before things close tomorrow at midnight. Auburn’s Sebastian Williams-Adams is an intriguing option that popped up Monday, making himself available following a successful rookie season on the Plains. He started in 21 of 36 games for the Tigers, averaging 6.8 points, 3.5 rebounds and 1.5 assists in 27.2 minutes per contest as a former four-star prospect out of high school.

You’re hoping and praying at that point that something presents itself that fits and elevates Kentucky’s ceiling in 2026-27. Odds are good — and someone will want to take the big pile of cash in Lexington — but no guarantees beyond the options already in front of us.


One thing we know for sure? Kentucky’s starting power forward will not be Donnie Freeman, and the search continues for Mark Pope.



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Kentucky will get a visit from a forward with three-point upside

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Kentucky will get a visit from a forward with three-point upside


Over the weekend, it was reported that the Kentucky Wildcats and coach Mark Pope had interest in former James Madison forward Justin McBride. Now, per Jacob Polacheck of Kentucky Sports Radio, McBride will take a visit to Lexington.

The report states that McBride will visit with Kentucky on Wednesday, Apr. 22. He had previously stated that he wanted to visit, but had to clear up some transcript issues first. It appears that things are worked out there now.

McBride is a 6’8″, 230 lb forward who has versatility. He averaged 15.3 points and 5.6 rebounds last season, but also made 40% of his three-point attempts, making him the kind of stretch big Pope likes to use. He could start, or be a valuable player off the bench.

Pope needs some recruiting wins, and he needs some depth for next year’s team. Right now, there are still more questions than answers, and Big Blue Nation is getting restless. We will update this story after his visit and more news becomes available.

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Vanderbilt baseball’s series win vs Kentucky revelatory

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Vanderbilt baseball’s series win vs Kentucky revelatory


Entering the weekend, Vanderbilt baseball had gotten swept in its only SEC series in which it hadn’t won the first game.

So the Commodores had a tough task in a series they badly needed after dropping the opener 5-2 on a walk-off grand slam after Vanderbilt’s best healthy starter, Connor Fennell, pitched well.

But the Commodores (24-17, 9-9 SEC) rebounded to take the series with an 8-7 win in the second game and a 13-6 win in the finale April 19. They did that despite not having any pitcher go more than three innings in either game. Though the pitching was still shaky at times — they issued more free passes than strikeouts in both of the wins — they worked out of enough jams to let the offense go to work.

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Here’s what we learned from the series.

Will Hampton proves an unlikely hero for the offense

Vanderbilt got strong performances from a few of its typical top performers, including Braden Holcomb (6-for-13, four doubles) and Brodie Johnston (4-for-12, two home runs, three walks). But one of the biggest hits of the series came from the unlikeliest of sources.

Logan Johnstone was held out of the finale after colliding with Mike Mancini in Game 2, and in his place coach Tim Corbin opted to go with redshirt freshman Will Hampton in left field. Hampton had recorded just six college plate appearances, all of which were in nonconference games.

But Hampton reached in all three of his plate appearances against Kentucky, first on a single, then a walk. In the sixth inning, with the score tied, he came up with the bases loaded and two outs and blasted a grand slam, giving Vanderbilt its first lead.

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Tyler Baird learns the ups and downs of being a closer

Freshman Tyler Baird has been Vanderbilt’s closer for the past three weeks, recording his first save April 2 against Texas A&M. But he learned the pitfalls that can come with that role in Game 1 against Kentucky. Summoned for an eight-out save with the Commodores leading 2-1, he retired the first five batters, but loaded the bases with nobody out in the ninth. He struck out the next two batters but then gave up the walk-off grand slam.

Baird returned for Game 3, this time attempting a five-out save and coming in with runners on first and second and one out with a three-run lead in the eighth inning. He allowed both inherited runners to score, but kept the lead and then had a scoreless ninth inning after Vanderbilt scored three runs in the top of the inning.

Baird’s emergence has been key for the Commodores, and the Game 3 bounce-back was especially important.

Vanderbilt’s RPI shows improvement

On April 15, Vanderbilt was 95th in RPI, a mark that wasn’t going to cut it for NCAA Tournament selection. But with a road series win against a Kentucky team that started the week in the top 20 of RPI, the Commodores moved all the way up to 75th, according to Warren Nolan.

While Vanderbilt will need to keep moving up — a top-50 mark would be ideal — the series win did a lot. In the next two weeks, it will face two top-five RPI teams in Alabama and Texas, giving more opportunity to improve its standing.

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Aria Gerson covers Vanderbilt athletics for The Tennessean. Contact her at agerson@gannett.com or on X @aria_gerson.





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