SPORTS BETTING
US – Kansas sports betting fast out of the blocks
By Phil - 14 October 2022
The Kansas Lottery has released the first ever revenue report for legal sports betting in the state of Kansas. Here are the key figures with September’s total revenue coming in at $1.29m.
September mobile revenue came in at $326,147 with tax collected in September coming in at $129,617
-Boot Hill Casino and Resort did not report any revenue this month.
BetKansas.com gaming analyst Dru James said: “Kansas is off to an explosive start in the sports betting market. Proportioned to population size, the Sunflower state is doing well compared to other recent launches – Arizona generated $392,418 in revenue its first month despite being 83% more populated.”
“It’s expected that there will be continued rapid growth in revenue through the end of the year, and perhaps up until the Super Bowl, before stabilizing next spring. These initial months are critical to establishing Kansas as a strong market, especially while most sports are in season.”
“The state collected about 10 per cent of total revenue generated in taxes. As with other legalized gambling, these funds will be distributed across a variety of state programs, such as gambling addiction assistance. As the market develops and strengthens, Kansas will start to see the material benefits of legalized sports betting, even if they don’t personally partake.”
