Kansas Sportsbooks See Almost $1.3 Million In First Month Revenue
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Kansas is one of the most recent states to roll out a legal sports betting market. While wagering hasn’t been available in the area for long, it looks as though the state is already seeing a significant amount of bets placed.
The area is now home to some of the biggest sports betting operators on the market, with the top names accounting for the most revenue throughout the state’s first legal month of wagering. Plus, it didn’t hurt that some Kansas local favorite teams were playing during the first legal month of betting. Let’s take a deeper look into the first month revenue numbers for Kansas sports betting.
Sunflower State Sportsbooks Bring In Approximately $1.3 Million In First Month Revenue
Kansas sports betting is off to an excellent start. Ever since it rolled out on September 1st, 2022, legal wagering has been quite a success. Betting writer Robert Linnehan has recently reported that Kansas sportsbooks saw around $1.3 million in wagering revenue throughout the first month of availability. This is also beneficial to the state as a whole, with around $130,000 in tax revenue.
Plus, according to Fox 4 Kansas City, the first 11 days of legal sports betting in the state saw over $2.4 million in bets placed. Some of the top sports betting apps led the state in revenue, such as FanDuel Sportsbook, Barstool Sportsbook, BetMGM Sportsbook, Caesars Sportsbook, and PointsBet Sportsbook. DraftKings Sportsbook, while active in the state, did not reveal any sports betting revenue data.
The timing of the sports betting launch in the state was ideal for some major bets. The Kansas City Chiefs kicked off their 2022 season last month, with the team one of the most popular in the area. Plus, the Kansas City Royals closed out their season, although the team missed the playoffs yet again, extending a postseason drought since winning the World series in 2015. One team that likely generated plenty of betting action is the Kansas Jayhawks, as the team is currently 5-1 under head coach Lance Leipold.
According to Kansas Gov. Laura Kelly's office, Kansas sportsbooks generated nearly $1.3 million in sports betting revenue, of which nearly $130,000 will go to the state.
— RLinnehanXL (@RLinnehanXl) October 11, 2022
History of Kansas Sports Betting
It took a few years (and even a change of heart from the Governor) for the Kansas sports betting market to launch. Legal wagering bills got momentum, in 2020 and 2021, but ultimately never crossed the finish line.
SB 84 was the bill that finally got the wheels turning, earning approval from both the House and Senate. On May 12, 2022, Governor Laura Kelly signed the bill into law, setting the stage for a legal wagering launch on September 1st, 2022. This came after Kelly had shown opposition to sports wagering bills in the past.
In fact, Governor Kelly placed the very first wager in the state, placing $15 on the Kansas City Chiefs to win the Super Bowl this season at +1000 while at the Hollywood Casino Kansas City. So, if the team takes home the Lombardi Trophy, Kelly would have won the state’s first wager and being in $150.
Now, anyone of legal betting age in Kansas can sign up for a Kansas sportsbook and place wagers on the team of their choice, as well as go to retail locations such as the FanDuel Sportsbook at Kansas Star Casino and the DraftKings Sportsbook at Boot Hill Casino & Resort.
The Barstool Sportsbook at Hollywood Casino is now open. Kansas governor Laura Kelly placed the first bet: $15 on the Chiefs to win the Super Bowl. pic.twitter.com/AH0k7Gp7QH
— Farzin Vousoughian (@Farzin21) September 1, 2022