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A Kentucky Lottery Win

The Kentucky online casino gambling market is a real source of contention these days in the industry media because the Kentucky government continues to pursue the seizure of 141 gambling domain names. The domain name seizure case has gone on for well over a year now and made it all the way to the Kentucky Supreme Court. This situation though is just backdrop from the recent news that a Kentucky gambler hit a major national Powerball lottery win. And the two pieces of information coincide actually because this latest win very precisely highlights some of Governor Steve Beshear’s blatant misconceptions about the gambling industry. Beshear and the Kentucky lawyers have argued that online casinos and internet gambling in general are harming the Kentucky economy and taking money away from the state land betting industry.

But then you look at the size of this latest Powerball win from a gambler in Georgetown, Kentucky and it’s very apparent that the Kentucky government is still benefiting from the US online casino gambling and lottery industry. The winner hit the lottery for an amazingly high win of US $128.6 million. That amazingly large sum is then taxed by the state of Kentucky for another amazing sum of $3.5 million – that’s $3.5 million that is going directly to the state government as a part of the tax on income. Here’s the kicker though, with Beshear’s strong anti-online casino gambling stance, many are speculating that the government should refuse to collect the tax.

That’s not likely to happen, but it’s pretty funny to watch this situation unfold. Beshear’s office has not yet commented on whether the government plans to tax the winnings since they are a result of illegal online casino gambling. Over here at GambleCraft, we’re betting that Beshear is seeing green right now and will accept the tax moneys on that huge Kentucky Powerball win.