04/15/2004 11:00PM

Kentucky passes hub bill

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The Kentucky Legislature passed a bill Wednesday that would allow account-wagering companies to set up betting hubs in the state.

The bill, which approves up to four hubs in the state, now goes to Kentucky Gov. Ernie Fletcher for his signature.

The bill was being closely watched by account-wagering companies in Oregon. It would not tax wagers sent through the hubs. In Oregon, handle through the hubs are subject to a 0.25 percent tax.

Some of the largest account-wagering companies in the country are in Oregon, including Youbet.com, Television Games Network, and AmericaTab.