January was a big month for Kansas sports betting. To start the year, Kansas posted a batting average of new sports betting management record with 206 million dollars.
The state’s previous high was $186.3 million in November 2022. Most of the gambling came from online platforms; regardless, Kansas sports betting is resonating with customers.
Kansas online sports betting makes its mark
For January, the state’s six online operators have registered $196.7 million in online betting management, while the four retail bookmakers added $9.4 million.
The six online operators are:
*has a retail bookmaker in Kansas
As far as revenue goes, Kansas sports betting has generated $5,991,876 for operators, according to data from the Kansas Lottery. As a result, the state picked up $598,745 in tax revenue.
Collectively, the new sports betting business has totaled $924.8 million in betting management, $26.9 million in revenue and $2.7 million in tax revenue since its debut.
THE FanDuel Sports Betting at Kansas Star continues to lead all operators in online with revenue of $10.5 million as of September 2022.
Governor Laura Kelly signed Senate Bill 84 legalizing Kansas sports betting on May 12, 2022. The state began accepting wagers on September 1, with an official launch on September 8, 2022.
Kansas casinos are also doing well
The state’s four casinos also received an additional boost from sports betting.
In January, Kansas casinos reported a 10.62% increase in revenue compared to January 2022. The only property to report a decline in revenue for the month was Boot Hill Casino, which reported a 7.77% decline in revenue.
January 2023 revenue by casino:
- Boot Hill casino – $3,630,648 (-7.77% change)
- Kansas star casino – $13,435,567 (11.24% change)
- Hollywood casino – $12,631,653 (15.52% change)
- Kansas crossing casino – $3,416,641 (14.36% change)
- Total – $33,114,509 (10.62% change)
Overall, casino gambling in Kansas has registered a Change of 1.64%. of the fiscal year compared to the same period of the previous year.
Fiscal year 2023 revenue for casinos:
- Boot Hill Casino – $28,203,393 (-1.88% change)
- Kansas Star Casino – $93,168,944 (-2.31% change)
- Hollywood Casino – $90,102,491 (6.22% change)
- Kansas Crossing Casino – $23,605,642 (5.65% change)
- Total – $235,080,470 (1.64% change)
Looking at other jurisdictions with legal and regulated sports betting, it is clear that this is just the tip of the iceberg in terms of the industry’s overall potential.