Kentucky receipts rise in September, bolstered by settlement

(AP) — Kentucky’s tax collections surged again in September. The state budget director says the September numbers were bolstered by revenue from a legal settlement with an internet gambling site. Budget Director John Hicks said Monday that state General Fund receipts shot up 35% last month. That included $225 million from the settlement with Flutter Entertainment, parent company of PokerStars. The governor’s office said recently the settlement ended a long-running lawsuit filed by the state to stop unregulated and untaxed offshore gambling operations that were operating in Kentucky. Excluding the settlement, revenue rose 14.8% compared to the same month a year ago.

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