Gambling expansion now in play as Kentucky pension crisis looms

Kentucky lawmakers are once again pushing for gambling expansion in the state to avert the possibility of a pension crisis.

WDRB.com reported that Kentucky is now looking at ways to shore up public pensions which they pegged at around $30 billion to $60 billion without hiking the current taxes. Among the options that these statesmen are looking at is to legalize sports betting and casinos.

Believing that casinos are the solution to plug the state budget hole, Rep. Jerry Miller mulls on pre-filing a casino gambling bill in time for next year’s General Assembly. He estimated that the state could earn $1 billion a year from casinos.

He, together with Sen. Morgan McGarvey, will make sure that the bill will be submitted before the year end.