The 49-year-old star will be featured along with Jesse Ray Sheps, Josh Lucas and Pamela Adlon in the film, directed by John Hyams, reported Deadline.
Timothy Brady has written the script, which follows a down-on-his-luck bookie (Kelly) who befriends an ex- girlfriend's son (Sheps) and begins taking bets on the kid's youth league baseball games, creating chaos in the community.
Kelly is also one of producers on the project.